v3.26.1
Income Taxes
 9 Months Ended
May 28, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our income tax (provision) benefit consisted of the following:
Quarter EndedNine Months Ended
May 28,
2026		May 29,
2025		May 28,
2026		May 29,
2025
Income before taxes
$33,212 $2,113 $55,433 $6,023 
Income tax (provision) benefit(4,978)(235)(8,178)(695)
Effective tax rate15.0 %11.1 %14.8 %11.5 %

The change in our effective tax rate for the third quarter and first nine months of 2026, as compared to the corresponding periods of 2025, was primarily due to the 15% minimum tax Pillar Two Model Rules (“Pillar Two”). Singapore enacted legislation to implement Pillar Two, effective for us in 2026, which largely offsets the benefit from our Singapore tax incentive arrangements.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted, introducing broad changes to the U.S. tax code, including modifications to corporate and international tax provisions, which primarily are effective for us beginning in 2026 and 2027. The aggregate impact of the OBBBA remains uncertain. We will continue to monitor future developments, including regulatory guidance and interpretations, which could have a material impact on our income tax provision.

Other noncurrent liabilities included $5.79 billion and $648 million related to income taxes payable as of May 28, 2026 and August 28, 2025, respectively.