MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
| As of |
September 3,
2020 |
May 28,
2020 |
August 29,
2019 | ||||||
| Assets | |||||||||
| Cash and equivalents | $ | 7,624 | $ | 8,267 | $ | 7,152 | |||
| Short-term investments | 518 | 391 | 803 | ||||||
| Receivables | 3,912 | 3,603 | 3,195 | ||||||
| Inventories | 5,607 | 5,405 | 5,118 | ||||||
| Other current assets | 304 | 233 | 235 | ||||||
| Total current assets | 17,965 | 17,899 | 16,503 | ||||||
| Long-term marketable investments | 1,048 | 577 | 1,164 | ||||||
| Property, plant, and equipment | 31,031 | 30,081 | 28,240 | ||||||
| Intangible assets | 334 | 332 | 340 | ||||||
| Deferred tax assets | 707 | 775 | 837 | ||||||
| Goodwill | 1,228 | 1,228 | 1,228 | ||||||
| Operating lease right-of-use assets | 584 | 599 | — | ||||||
| Other noncurrent assets | 781 | 514 | 575 | ||||||
| Total assets | $ | 53,678 | $ | 52,005 | $ | 48,887 | |||
| Liabilities and equity | |||||||||
| Accounts payable and accrued expenses | $ | 5,817 | $ | 5,364 | $ | 4,626 | |||
| Current debt | 270 | 330 | 1,310 | ||||||
| Other current liabilities | 548 | 491 | 454 | ||||||
| Total current liabilities | 6,635 | 6,185 | 6,390 | ||||||
| Long-term debt | 6,373 | 6,356 | 4,541 | ||||||
| Noncurrent operating lease liabilities | 533 | 540 | — | ||||||
| Noncurrent unearned government incentives | 643 | 553 | 636 | ||||||
| Other noncurrent liabilities | 498 | 453 | 452 | ||||||
| Total liabilities | 14,682 | 14,087 | 12,019 | ||||||
| Commitments and contingencies | |||||||||
| Redeemable noncontrolling interest | — | 98 | 98 | ||||||
| Micron shareholders’ equity | |||||||||
| Common stock | 119 | 119 | 118 | ||||||
| Additional capital | 8,917 | 8,764 | 8,214 | ||||||
| Retained earnings | 33,384 | 32,402 | 30,761 | ||||||
| Treasury stock | (3,495) | (3,454) | (3,221) | ||||||
| Accumulated other comprehensive income (loss) | 71 | (11) | 9 | ||||||
| Total Micron shareholders’ equity | 38,996 | 37,820 | 35,881 | ||||||
| Noncontrolling interest in subsidiary | — | — | 889 | ||||||
| Total equity | 38,996 | 37,820 | 36,770 | ||||||
| Total liabilities and equity | $ | 53,678 | $ | 52,005 | $ | 48,887 | |||
