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102
MICRON TECHNOLOGY, INC.
SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
NOTES TO CONDENSED FINANCIAL STATEMENTS
(All tabular amounts in millions)
Basis of Presentation
Micron, a Delaware corporation, was incorporated in 1978. Micron is the parent company of its consolidated subsidiaries
and, together with its consolidated subsidiaries, is a global leader in advanced semiconductor systems.
These condensed financial statements have been prepared on a parent-only basis. Under this parent-only presentation,
Micron's investments in its consolidated subsidiaries are presented under the equity method of accounting. In accordance with
Rule 12-04 of Regulation S-X, these parent-only financial statements do not include all of the information and footnotes
required by Generally Accepted Accounting Principles (GAAP) in the United States for annual financial statements. Because
these parent-only financial statements and notes do not include all of the information and footnotes required by GAAP in the
U.S. for annual financial statements, these parent-only financial statements and other information included should be read in
conjunction with Micron's audited Consolidated Financial Statements contained within Part II, Item 8 of this Form 10-K for the
year ended September 3, 2015.
Effective in the fourth quarter of 2015, Micron adopted ASU 2015-03 – Simplifying the Presentation of Debt Issuance
Costs. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as
a direct deduction from the carrying amount of that debt liability, as appropriate, consistent with debt discounts, as opposed to
an asset. The new accounting standard required retrospective application; therefore, Micron's financial statements and notes to
those statements contained herein have been adjusted to reflect the impact of adopting this new accounting standard.
Debt
2015 2014
Instrument(1) Stated
Rate Effective
Rate Current Long-
Term Total Current Long-
Term Total
Capital lease obligations(2) N/A N/A $ 174 $ 40 $ 214 $ 172 $ 233 $ 405
2022 senior notes 5.875% 6.14% — 589 589 — 587 587
2023 senior notes 5.250% 5.43% — 988 988 — — —
2024 senior notes 5.250% 5.38% — 545 545 — — —
2025 senior notes 5.500% 5.56% — 1,138 1,138 — 1,137 1,137
2026 senior notes 5.625% 5.73% — 446 446 — — —
2031B convertible senior notes(3) 1.875% 6.98% — — — 361 — 361
2032C convertible senior notes(4) 2.375% 5.95% — 197 197 — 309 309
2032D convertible senior notes(4) 3.125% 6.33% — 150 150 — 284 284
2033E convertible senior notes(4) 1.625% 4.50% 217 — 217 272 — 272
2033F convertible senior notes(4) 2.125% 4.93% 264 — 264 260 — 260
2043G convertible senior notes 3.000% 6.76% — 644 644 — 631 631
Other 1.654% 1.65% — 60 60 — 10 10
$ 655 $ 4,797 $ 5,452 $ 1,065 $ 3,191 $ 4,256
(1) Micron has either the obligation or the option to pay cash for the principal amount due upon conversion for all of its
convertible notes. Micron's current intent is to settle in cash the principal amount of all of its convertible notes upon
conversion.
(2) Weighted-average imputed rate of 4.5% and 4.7% as of September 3, 2015 and August 28, 2014, respectively.