MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
| As of |
September 1,
2022 |
June 2,
2022 |
September 2,
2021 | ||||||
| Assets | |||||||||
| Cash and equivalents | $ | 8,262 | $ | 9,157 | $ | 7,763 | |||
| Short-term investments | 1,069 | 1,070 | 870 | ||||||
| Receivables | 5,130 | 6,229 | 5,311 | ||||||
| Inventories | 6,663 | 5,629 | 4,487 | ||||||
| Assets held for sale | 13 | 15 | 974 | ||||||
| Other current assets | 644 | 608 | 502 | ||||||
| Total current assets | 21,781 | 22,708 | 19,907 | ||||||
| Long-term marketable investments | 1,647 | 1,646 | 1,765 | ||||||
| Property, plant, and equipment | 38,549 | 36,665 | 33,213 | ||||||
| Operating lease right-of-use assets | 678 | 690 | 551 | ||||||
| Intangible assets | 421 | 415 | 349 | ||||||
| Deferred tax assets | 702 | 682 | 782 | ||||||
| Goodwill | 1,228 | 1,228 | 1,228 | ||||||
| Other noncurrent assets | 1,277 | 1,262 | 1,054 | ||||||
| Total assets | $ | 66,283 | $ | 65,296 | $ | 58,849 | |||
| Liabilities and equity | |||||||||
| Accounts payable and accrued expenses | $ | 6,090 | $ | 5,788 | $ | 5,325 | |||
| Current debt | 103 | 107 | 155 | ||||||
| Other current liabilities | 1,346 | 1,114 | 944 | ||||||
| Total current liabilities | 7,539 | 7,009 | 6,424 | ||||||
| Long-term debt | 6,803 | 6,856 | 6,621 | ||||||
| Noncurrent operating lease liabilities | 610 | 629 | 504 | ||||||
| Noncurrent unearned government incentives | 589 | 663 | 808 | ||||||
| Other noncurrent liabilities | 835 | 858 | 559 | ||||||
| Total liabilities | 16,376 | 16,015 | 14,916 | ||||||
| Commitments and contingencies | |||||||||
| Shareholders’ equity | |||||||||
| Common stock | 123 | 122 | 122 | ||||||
| Additional capital | 10,197 | 9,950 | 9,453 | ||||||
| Retained earnings | 47,274 | 45,916 | 39,051 | ||||||
| Treasury stock | (7,127 | ) | (6,343 | ) | (4,695 | ) | |||
| Accumulated other comprehensive income (loss) | (560 | ) | (364 | ) | 2 | ||||
| Total equity | 49,907 | 49,281 | 43,933 | ||||||
| Total liabilities and equity | $ | 66,283 | $ | 65,296 | $ | 58,849 | |||
