Source document: micron-technology-inc_2019

Question: When has IMFT discontinued the production of NAND?
Facts: 2018
Answer: 2018

Question: How IMFT’s capital requirements were generally determined?
Facts: an annual plan approved by the members, and capital contributions to IMFT are requested as needed
Answer: an annual plan approved by the members, and capital contributions to IMFT are requested as needed

Question: What were the total liabilities of IMFT in 2018?
Facts: $1,305
Answer: $1,305

Question: What is the ratio of IMFT’s total assets to total liabilities in 2019?
Facts: 2,664; 909
Derivation: 2,664/909 
Answer: 2.93

Question: What is the proportion of IMFT’s property, plant, and equipment over total assets in 2018?
Facts: 2,641; 3,025
Derivation: 2,641/3,025 
Answer: 0.87

Question: What is the change of IMFT’s total assets from 2018 to 2019?
Facts: 2,664; 3,025
Derivation: 2,664 - 3,025 
Answer: -361

Question: What is the percentage revenue from sales into China based on the ship-to locations specified by the customers in 2017, 2018, and 2019, respectively?
Facts: 51%; 53%; 57%
Answer: 51%; 57%; 53%

Question: What is the percentage revenue from sales into Taiwan based on the ship-to locations specified by the customers in 2017, 2018, and 2019, respectively?
Facts: 13%; 9%
Answer: 13%; 9%; 13%

Question: What is the revenue from the United States in 2018 based on the geographic location of the customer’s headquarters?
Facts: $17,116
Answer: $17,116

Question: What is the percentage change of revenue from Hong Kong from 2017 to 2018, based on the geographic location of the customer’s headquarters?
Facts: 1,429; 1,761
Derivation: (1,761-1,429)/1,429 
Answer: 23.23 percent

Question: What is the total percentage of revenue from Taiwan and Japan over total revenue in 2019, based on the geographic location of the customer's headquarters?
Facts: 2,703; 23,406; 958
Derivation: (2,703+958)/23,406 
Answer: 15.64 percent

Question: What is the revenue amount from sales into China (including Hong Kong) in 2019, based on the ship-to locations?
Facts: 23,406; 53
Derivation: 53%*$23,406 
Answer: 12405.18

Question: How are the stock options generally exercised?
Facts: in increments of either one-fourth or one-third per year beginning one year from the date of grant
Answer: in increments of either one-fourth or one-third per year beginning one year from the date of grant

Question: For which stock options expire eight years from the date of the grant?
Facts: issued after February 2014
Answer: issued after February 2014

Question: What was the total intrinsic value for options exercised in 2018?
Facts: $446 million
Answer: $446 million

Question: What is the price of outstanding shares as of August 29, 2019?
Facts: 12; 25.94
Derivation: 12*25.94 
Answer: 311.28

Question: What is the proportion of exercisable shares among the total outstanding shares as of August 29, 2019?
Facts: 12; 7
Derivation: 7/12 
Answer: 0.58

Question: What is the total price of shares that were exercised, canceled, or expired?
Facts: 1; 17.50; 22.60; 5
Derivation: (5*17.50)+(1*22.60)
Answer: 110.1

Question: How does the company measure currency forward contracts?
Facts: at fair value based on market-based observable inputs including currency exchange spot and forward rates, interest rates, and credit-risk spreads (Level 2)
Answer: at fair value based on market-based observable inputs including currency exchange spot and forward rates, interest rates, and credit-risk spreads (Level 2)

Question: How does the company utilize its cash flow hedges?
Facts: for our exposure from changes in currency exchange rates for certain capital expenditures
Answer: for our exposure from changes in currency exchange rates for certain capital expenditures

Question: What was the cash flow currency hedges as of August 29, 2019?
Facts: $146
Answer: $146

Question: What is the change of the gross national amount of cash flow currency hedges from 2018 to 2019?
Facts: 146; 538
Derivation: 146 - 538 
Answer: -392

Question: What is the average gross national amount of non-designated currency hedges from 2018 to 2019?
Facts: 1,871; 1,919
Derivation: (1,871+1,919)/2 
Answer: 1895

Question: What is the ratio of the fair value of the total current assets in 2019 to that of 2018?
Facts: 14; 2
Derivation: 2/14 
Answer: 0.14

Question: In 2017, what is the net restructure gains of $15 million related to?
Facts: the sale of our Lexar assets; our assets associated with our 200mm fabrication facility in Singapore; and our 40% ownership interest in Tera Probe, Inc and assembly and test facility located in Akita, Japan
Answer: the sale of our Lexar assets; our assets associated with our 200mm fabrication facility in Singapore; and our 40% ownership interest in Tera Probe, Inc and assembly and test facility located in Akita, Japan

Question: How much restructure gains did the company recognize in 2019?
Facts: $128 million
Answer: $128 million

Question: What is the net other operating (income) expense for restructure and asset impairments in 2017?
Facts: 18
Answer: 18 million

Question: What is the percentage change of other operating (income) expenses for restructure and asset impairments between 2017 and 2018?
Facts: 18; 28
Derivation: (28-18)/18 
Answer: 55.56 percent

Question: What is the ratio of other operating expenses in 2019 to 2017?
Facts: 35; 5
Derivation: 35/5 
Answer: 7

Question: What is the difference between total net other operating (income) expenses in 2017 and 2019?
Facts: 1; 49
Derivation: $49-$1 
Answer: 48 million

Question: What was the primary cause of CNBU operating income for 2019 decreased from 2018?
Facts: declines in pricing and higher R&D costs, partially offset by cost reductions
Answer: declines in pricing and higher R&D costs, partially offset by cost reductions

Question: Why did MBU operating income for 2018 improved from 2017?
Facts: increases in pricing and sales volumes for LPDRAM products, higher sales of high-value managed NAND products, and manufacturing cost reductions
Answer: increases in pricing and sales volumes for LPDRAM products, higher sales of high-value managed NAND products, and manufacturing cost reductions

Question: Why did EBU operating income for 2018 increased as compared to 2017?
Facts: increases in average selling prices, manufacturing cost reductions, and increases in sales volumes, partially offset by higher R&D costs
Answer: increases in average selling prices, manufacturing cost reductions, and increases in sales volumes, partially offset by higher R&D costs

Question: What is the difference between EBU operating income in 2017 and 2018?
Facts: 1,473; 975
Derivation: 1,473 - 975 
Answer: 498

Question: What is the ratio of CNBU and MBU total operating income in 2019 to those in 2018?
Facts: 2,606; 3,033; 4,645; 9,773
Derivation: (4,645+2,606)/(9,773+3,033)
Answer: 0.57

Question: How much difference in the total operating income in 2018 compared to in 2017?
Facts: 15,243; 6,232
Derivation: 15,243 - 6,232 
Answer: 9011

Question: What does Accounting Standards Update ("ASU") 2016-16 – Intra-Entity Transfers Other Than Inventory ("ASU 2016-16") specify?
Facts: requires an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs
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?
Facts: 24,487
Answer: 24,487

Question: What were the effects of adopting ASU 2016-16 and ASC 606 for other current assets respectively?
Facts: (14); 30
Answer: (14); 30

Question: What is the total opening balance for receivables and inventories as of August 31, 2018?
Facts: 3,590; 5,592
Derivation: 5,592+3,590 
Answer: 9182

Question: What is the ratio of ending balance as of August 30, 2018, for other current liabilities to other noncurrent liabilities?
Facts: 354; 521
Derivation: 521/354 
Answer: 1.47

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?
Facts: 5,478; 5,592
Derivation: ($5,592-$5,478)/$5,478 
Answer: 2.08 percent

Question: How much principal amount of notes did the company repurchased or redeemed in 2018?
Facts: $6.96 billion
Answer: $6.96 billion

Question: What was the difference in its carrying value of the issuance of 2027 Notes?
Facts: 895
Answer: 895

Question: What was the decrease in equity of settled conversions in 2032D Notes?
Facts: (28)
Answer: (28)

Question: What was the total value of the changes in principal on the issuance of 2024 Notes, 2026 Notes, 2027 Notes, 2029 Notes, and 2030 Notes?
Facts: 500; 600; 700; 850; 900
Derivation: 600+500+900+700+850
Answer: 3550

Question: What is the ratio of the increase in carrying value of 2029 Notes to 2030 Notes?
Facts: 695; 845
Derivation: 695/845 
Answer: 0.82

Question: What is the difference of increase in cash between 2024 Notes and 2026 Notes?
Facts: 497; 597
Derivation: 597 - 497 
Answer: 100

Question: What is the total price of granted and restrictions lapsed stocks?
Facts: 24.22; 41.11; 6; 9
Derivation: (9*41.11)+(-6*24.22) 
Answer: 224.67 million

Question: What is the percentage change of the number of Restricted Stock Awards shares outstanding from August 30, 2018, to August 29, 2019?
Facts: 15; 16
Derivation: (16-15)/15 
Answer: 6.67 percent

Question: What is the price for service-based Restricted Stock Awards as of August 29, 2019?
Facts: 14; 34.72
Derivation: 14*34.72 
Answer: 486.08 million

Question: How many Restricted Stock Awards of shares were outstanding as of August 29, 2019?
Facts: 16 million shares
Answer: 16 million shares

Question: What is the Weighted-Average Grant Date Fair Value Per Share for Granted stocks?
Facts: 41.11
Answer: 41.11

Question: For service-based Restricted Stock Awards, when do the restrictions generally lapse?
Facts: in one-fourth or one-third increments during each year of employment after the grant date
Answer: in one-fourth or one-third increments during each year of employment after the grant date

Question: What do the deferred income taxes reflect?
Facts: the net tax effects of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes as well as carryforwards
Answer: the net tax effects of temporary differences between the bases of assets and liabilities for financial reporting and income tax purposes as well as carryforwards

Question: What caused the change in valuation allowance in 2019?
Facts: adjustments based on management's assessment of tax credits and net operating losses that are more likely than not to be realized
Answer: adjustments based on management's assessment of tax credits and net operating losses that are more likely than not to be realized

Question: What is the amount of net deferred tax assets in 2018?
Facts: $1,019
Answer: $1,019 million

Question: What is the percentage change in the amount of net deferred tax assets from 2018 to 2019?
Facts: 1,019; 833
Derivation: ($833-$1,019)/1,019 
Answer: -18.25 percent

Question: What is the difference between the amount of gross deferred tax assets in 2018 and 2019?
Facts: 1,357; 1,695
Derivation: 1,695-1,357 
Answer: 338 million

Question: What is the ratio of the amount of net deferred tax liabilities in 2018 over 2019?
Facts: 247; 448
Derivation: -448/-247 
Answer: 1.81

Question: What was the effect on the company when the average selling prices for the products decline faster than the costs?
Facts: a material adverse effect on our business, results of operations, or financial condition.
Answer: a material adverse effect on our business, results of operations, or financial condition.

Question: What is the percentage change in average selling price of DRAM from 2016 to 2017?
Facts: 19%
Answer: 19%

Question: 	 What is the percentage change in average selling price of NAND from 2018 to 2019?
Facts: (44)%
Answer: (44)%

Question: What is the difference between percentage change in average selling prices of DRAM and NAND in 2019 from 2018?
Facts: 30; 44
Derivation: 44 - 30 
Answer: 14 percent

Question: What is the ratio of percentage change in average selling prices of DRAM in '2017 from 2016' to '2018 from 2017'?
Facts: 19; 37
Derivation: 19/37 
Answer: 0.51

Question: What is the highest percentage increase in average selling prices of DRAM from 2015 to 2019?
Facts: 37
Derivation: 37% > 19% > -11% > -30% > -35% 37% is the highest percentage change
Answer: 37 percent

Question: What is the percentage change in stock-based compensation expense from 2017 to 2018?
Facts: 198; 215
Derivation: ($198-$215)/$215 
Answer: -7.91 percent

Question: What is the difference between stock-based compensation expenses between 2018 and 2019?
Facts: 198; 243
Derivation: $243-$198 
Answer: 45 million

Question: What was the stock-based compensation expense of ESPP by type of reward in 2019?
Facts: 32
Answer: 32 million

Question: How much stock-based compensation expense was capitalized and remained in inventory as of August 29, 2019?
Facts: $30 million
Answer: $30 million

Question: How much was the income tax benefit related to share-based compensation in 2018 and 2017 respectively?
Facts: $158 million; $97 million
Answer: $158 million; $97 million

Question: What is the proportion of income tax benefit related to share-based compensation over the total stock-based compensation expense in 2019?
Facts: 243; 66
Derivation: 66/243 
Answer: 0.27