MU · 10-Q · 2026Q2 · Full report
Pillar Two Global Minimum Tax
MICRON TECHNOLOGY INC · 2026-06-25 · Importance 71 · Surprise 60 · In source text
Singapore enacted legislation implementing the OECD’s 15% Pillar Two Model Rules, effective for Micron in fiscal 2026. The rules largely offset the benefit of Micron’s Singapore tax incentive arrangements and contributed to changes in the effective tax rate. Micron recorded $8.178 billion of income tax provision for the first nine months of fiscal 2026 and expects to continue monitoring Pillar Two guidance and legislative changes in operating jurisdictions.
Key facts
- Singapore enacted legislation to implement Pillar Two, effective for Micron in 2026, which largely offsets the benefit from Singapore tax incentive arrangements. source
- For the first nine months of 2026, an increase in noncurrent liabilities was largely due to higher noncurrent income taxes payable related to the implementation of Pillar Two. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | — | Singapore enacted legislation to implement Pillar Two, effective for Micron in 2026, which largely offsets the benefit from Singapore tax… |
| liability | negative | realized | — | For the first nine months of 2026, an increase in noncurrent liabilities was largely due to higher noncurrent income taxes payable related… |