MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
| As of |
March 3,
2022 |
December 2,
2021 |
September 2,
2021 | ||||||
| Assets | |||||||||
| Cash and equivalents | $ | 9,116 | $ | 8,680 | $ | 7,763 | |||
| Short-term investments | 1,006 | 900 | 870 | ||||||
| Receivables | 5,384 | 5,250 | 5,311 | ||||||
| Inventories | 5,383 | 4,827 | 4,487 | ||||||
| Assets held for sale | 13 | 13 | 974 | ||||||
| Other current assets | 600 | 521 | 502 | ||||||
| Total current assets | 21,502 | 20,191 | 19,907 | ||||||
| Long-term marketable investments | 1,717 | 1,817 | 1,765 | ||||||
| Property, plant, and equipment | 36,171 | 35,155 | 33,213 | ||||||
| Operating lease right-of-use assets | 587 | 574 | 551 | ||||||
| Intangible assets | 414 | 347 | 349 | ||||||
| Deferred tax assets | 762 | 746 | 782 | ||||||
| Goodwill | 1,228 | 1,228 | 1,228 | ||||||
| Other noncurrent assets | 1,315 | 1,188 | 1,054 | ||||||
| Total assets | $ | 63,696 | $ | 61,246 | $ | 58,849 | |||
| Liabilities and equity | |||||||||
| Accounts payable and accrued expenses | $ | 5,650 | $ | 5,470 | $ | 5,325 | |||
| Current debt | 123 | 118 | 155 | ||||||
| Other current liabilities | 1,145 | 924 | 944 | ||||||
| Total current liabilities | 6,918 | 6,512 | 6,424 | ||||||
| Long-term debt | 6,953 | 6,904 | 6,621 | ||||||
| Noncurrent operating lease liabilities | 535 | 523 | 504 | ||||||
| Noncurrent unearned government incentives | 704 | 767 | 808 | ||||||
| Other noncurrent liabilities | 741 | 632 | 559 | ||||||
| Total liabilities | 15,851 | 15,338 | 14,916 | ||||||
| Commitments and contingencies | |||||||||
| Shareholders’ equity | |||||||||
| Common stock | 122 | 122 | 122 | ||||||
| Additional capital | 9,816 | 9,564 | 9,453 | ||||||
| Retained earnings | 43,407 | 41,267 | 39,051 | ||||||
| Treasury stock | (5,362 | ) | (4,954 | ) | (4,695 | ) | |||
| Accumulated other comprehensive income (loss) | (138 | ) | (91 | ) | 2 | ||||
| Total equity | 47,845 | 45,908 | 43,933 | ||||||
| Total liabilities and equity | $ | 63,696 | $ | 61,246 | $ | 58,849 | |||
