Restucture and Asset Impairments
 6 Months Ended
Feb. 27, 2014
Disclosure Text Block [Abstract]  
Restructure and Asset Impairments
Restructure and Asset Impairments

 
 
Quarter Ended
 
Six Months Ended
 
 
February 27,
2014
 
February 28,
2013
 
February 27,
2014
 
February 28,
2013
Loss (gain) on impairment of MIT assets
 
$
(5
)
 
$
62

 
$
(5
)
 
$
62

Gain on termination of lease to Transform
 
—

 
—

 
—

 
(25
)
Other
 
17

 
(2
)
 
14

 
2

 
 
$
12

 
$
60

 
$
9

 
$
39



On May 3, 2013, we sold MIT, a wholly-owned subsidiary, including its 200mm wafer fabrication facility assets in Avezzano, Italy, to LFoundry. In exchange for the shares of MIT, we received consideration from LFoundry valued at $35 million, substantially all of which was under a 7-year, non-interest bearing term note. Under the terms of the agreements, we assigned to LFoundry our supply agreement with Aptina for CMOS image sensors manufactured at the Avezzano facility. In the second quarter of 2013, we recorded an impairment loss of $62 million to write down the assets and liabilities to their estimated fair values in connection with the sale of MIT.

Since the second quarter of 2010, we have held an equity method investment in Transform Solar Pty Ltd. ("Transform"), a developer, manufacturer and marketer of photovoltaic technology and solar panels. In May 2012, the Board of Directors of Transform approved a liquidation plan and in connection therewith, Transform terminated a lease to a portion of our manufacturing facilities in Boise, Idaho and we recognized a gain of $25 million in the first quarter of 2013.