Ending Balance as of August 30, 2018
ASU 2016-16
ASC 606
Opening Balance as of August 31, 2018
Receivables
$5,478
$—
$114
$5,592
Inventories
3,595
—
(5)
3,590
Other current assets
164
(14)
30
180
Deferred tax assets
1,022
56
(92)
986
Other current liabilities
521
—
(4)
517
Other noncurrent liabilities
354
—
1
355
Retained earnings
24,395
42
50
24,487

text: Recently Adopted Accounting Standards
text: In October 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-16 – Intra-Entity Transfers Other Than Inventory ("ASU 2016-16"), which requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. We adopted this ASU in the first quarter of 2019 under the modified retrospective method and, in connection therewith, made certain adjustments as noted in the table below.
text: In January 2016, the FASB issued ASU 2016-01 – Recognition and Measurement of Financial Assets and Financial Liabilities, which provides guidance for the recognition, measurement, presentation, and disclosure of financial assets and liabilities. We adopted this ASU in the first quarter of 2019 under the modified retrospective method, with prospective adoption for amendments related to equity securities without readily determinable fair values. The adoption of this ASU did not have a material impact on our financial statements.
text: In May 2014, the FASB issued ASU 2014-09 – Revenue from Contracts with Customers (as amended, "ASC 606"), which supersedes nearly all existing revenue recognition guidance under generally accepted accounting principles in the United States. The core principal of ASC 606 is that an entity should recognize revenue when it transfers control of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASC 606 also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. We adopted ASC 606 in the first quarter of 2019 under the modified retrospective method and, in connection therewith, made certain adjustments as noted in the table below. We applied ASC 606 to contracts with customers that had not yet been completed as of the adoption date.
text: The following table summarizes the effects of adopting ASU 2016-16 and ASC 606:
text: As a result of the adoption of ASC 606, the opening balances as of August 31, 2018 for receivables, other current assets, and other current liabilities increased due to the reclassification of allowances for rebates, pricing adjustments, and returns to conform to the new presentation requirements. In addition, the margin from previously deferred sales to distributors was reclassified from other current liabilities to retained earnings. The tax effects of the adoption of ASC 606 were recorded primarily as a reduction of net deferred tax assets, substantially as a result of recognizing income for accounting purposes earlier under ASC 606 than for tax purposes in various jurisdictions.

Questions:
question: What does Accounting Standards Update ("ASU") 2016-16 – Intra-Entity Transfers Other Than Inventory ("ASU 2016-16") specify?
answer: requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs
question: What is the opening balance for retained earnings as of August 31, 2018?
answer: 24,487
question: What were the effects of adopting ASU 2016-16 and ASC 606 for other current assets respectively?
answer: (14)
30
question: What is the total opening balance for receivables and inventories as of August 31, 2018?
answer: 9182
derivation: 5,592+3,590 
question: What is the ratio of ending balance as of August 30, 2018, for other current liabilities to other noncurrent liabilities?
answer: 1.47
derivation: 521/354 
question: What is the percentage change of opening balance as of August 31, 2018, from ending balance in August 30, 2018, for receivables due to the adoption of ASC 606?
answer: 2.08
derivation: ($5,592-$5,478)/$5,478 
scale: percent