MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
| As of |
November 28,
2019 |
August 29,
2019 | ||||
| Assets | ||||||
| Cash and equivalents | $ | 6,969 | $ | 7,152 | ||
| Short-term investments | 619 | 803 | ||||
| Receivables | 3,419 | 3,195 | ||||
| Inventories | 4,943 | 5,118 | ||||
| Other current assets | 217 | 235 | ||||
| Total current assets | 16,167 | 16,503 | ||||
| Long-term marketable investments | 599 | 1,164 | ||||
| Property, plant, and equipment | 29,352 | 28,240 | ||||
| Intangible assets | 333 | 340 | ||||
| Deferred tax assets | 783 | 837 | ||||
| Goodwill | 1,228 | 1,228 | ||||
| Operating lease right-of-use assets | 608 | — | ||||
| Other noncurrent assets | 579 | 575 | ||||
| Total assets | $ | 49,649 | $ | 48,887 | ||
| Liabilities and equity | ||||||
| Accounts payable and accrued expenses | $ | 5,408 | $ | 4,626 | ||
| Current debt | 462 | 1,310 | ||||
| Other current liabilities | 447 | 454 | ||||
| Total current liabilities | 6,317 | 6,390 | ||||
| Long-term debt | 5,188 | 4,541 | ||||
| Noncurrent operating lease liabilities | 511 | — | ||||
| Noncurrent unearned government incentives | 609 | 636 | ||||
| Other noncurrent liabilities | 426 | 452 | ||||
| Total liabilities | 13,051 | 12,019 | ||||
| Commitments and contingencies | ||||||
| Redeemable noncontrolling interest | 98 | 98 | ||||
| Micron shareholders’ equity | ||||||
| Common stock | 119 | 118 | ||||
| Additional capital | 8,428 | 8,214 | ||||
| Retained earnings | 31,218 | 30,761 | ||||
| Treasury stock | (3,271 | ) | (3,221 | ) | ||
| Accumulated other comprehensive income | 6 | 9 | ||||
| Total Micron shareholders’ equity | 36,500 | 35,881 | ||||
| Noncontrolling interest in subsidiary | — | 889 | ||||
| Total equity | 36,500 | 36,770 | ||||
| Total liabilities and equity | $ | 49,649 | $ | 48,887 | ||
