Micron Technology, Inc. Reports Results for the Third Quarter of Fiscal 2022

MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)

As of June 2,
2022
March 3,
2022
September 2,
2021
    
Assets   
Cash and equivalents$9,157 $9,116 $7,763 
Short-term investments 1,070  1,006  870 
Receivables 6,229  5,384  5,311 
Inventories 5,629  5,383  4,487 
Assets held for sale 15  13  974 
Other current assets 608  600  502 
Total current assets 22,708  21,502  19,907 
Long-term marketable investments   1,646     1,717     1,765  
Property, plant, and equipment   36,665     36,171     33,213  
Operating lease right-of-use assets   690     587     551  
Intangible assets   415     414     349  
Deferred tax assets   682     762     782  
Goodwill   1,228     1,228     1,228  
Other noncurrent assets   1,262     1,315     1,054  
Total assets $ 65,296   $ 63,696   $ 58,849  
       
Liabilities and equity      
Accounts payable and accrued expenses $ 5,788   $ 5,650   $ 5,325  
Current debt   107     123     155  
Other current liabilities   1,114     1,145     944  
Total current liabilities   7,009     6,918     6,424  
Long-term debt   6,856     6,953     6,621  
Noncurrent operating lease liabilities   629     535     504  
Noncurrent unearned government incentives   663     704     808  
Other noncurrent liabilities   858     741     559  
Total liabilities   16,015     15,851     14,916  
       
Commitments and contingencies      
       
Shareholders’ equity      
Common stock   122     122     122  
Additional capital   9,950     9,816     9,453  
Retained earnings   45,916     43,407     39,051  
Treasury stock   (6,343 )   (5,362 )   (4,695 )
Accumulated other comprehensive income (loss)   (364 )   (138 )   2  
Total equity   49,281     47,845     43,933  
Total liabilities and equity $ 65,296   $ 63,696   $ 58,849  



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