(In millions)
(Unaudited)
| As of |
May 28,
2020 |
February 27,
2020 |
August 29,
2019 | ||||||||
| Assets | |||||||||||
| Cash and equivalents | $ | 8,267 | $ | 7,118 | $ | 7,152 | |||||
| Short-term investments | 391 | 363 | 803 | ||||||||
| Receivables | 3,603 | 3,049 | 3,195 | ||||||||
| Inventories | 5,405 | 5,208 | 5,118 | ||||||||
| Other current assets | 233 | 238 | 235 | ||||||||
| Total current assets | 17,899 | 15,976 | 16,503 | ||||||||
| Long-term marketable investments | 577 | 586 | 1,164 | ||||||||
| Property, plant, and equipment | 30,081 | 29,647 | 28,240 | ||||||||
| Intangible assets | 332 | 332 | 340 | ||||||||
| Deferred tax assets | 775 | 764 | 837 | ||||||||
| Goodwill | 1,228 | 1,228 | 1,228 | ||||||||
| Operating lease right-of-use assets | 599 | 605 | — | ||||||||
| Other noncurrent assets | 514 | 510 | 575 | ||||||||
| Total assets | $ | 52,005 | $ | 49,648 | $ | 48,887 | |||||
| Liabilities and equity | |||||||||||
| Accounts payable and accrued expenses | $ | 5,364 | $ | 5,077 | $ | 4,626 | |||||
| Current debt | 330 | 237 | 1,310 | ||||||||
| Other current liabilities | 491 | 508 | 454 | ||||||||
| Total current liabilities | 6,185 | 5,822 | 6,390 | ||||||||
| Long-term debt | 6,356 | 5,188 | 4,541 | ||||||||
| Noncurrent operating lease liabilities | 540 | 548 | — | ||||||||
| Noncurrent unearned government incentives | 553 | 586 | 636 | ||||||||
| Other noncurrent liabilities | 453 | 383 | 452 | ||||||||
| Total liabilities | 14,087 | 12,527 | 12,019 | ||||||||
| Commitments and contingencies | |||||||||||
| Redeemable noncontrolling interest | 98 | 98 | 98 | ||||||||
| Micron shareholders’ equity | |||||||||||
| Common stock | 119 | 119 | 118 | ||||||||
| Additional capital | 8,764 | 8,725 | 8,214 | ||||||||
| Retained earnings | 32,402 | 31,602 | 30,761 | ||||||||
| Treasury stock | (3,454 | ) | (3,414 | ) | (3,221 | ) | |||||
| Accumulated other comprehensive income (loss) | (11 | ) | (9 | ) | 9 | ||||||
| Total Micron shareholders’ equity | 37,820 | 37,023 | 35,881 | ||||||||
| Noncontrolling interest in subsidiary | — | — | 889 | ||||||||
| Total equity | 37,820 | 37,023 | 36,770 | ||||||||
| Total liabilities and equity | $ | 52,005 | $ | 49,648 | $ | 48,887 | |||||
MICRON TECHNOLOGY, INC.
