Name: Micron Technology Inc. (NASDAQ:MU) | Common-Size Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Micron Technology Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

	Sep 3, 2026	Aug 28, 2025	Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021
Accounts payable	1.80%	3.78%	3.93%	2.68%	3.23%	2.96%
Property, plant, and equipment	4.40%	5.30%	4.21%	2.21%	3.27%	3.21%
Income and other taxes	2.87%	0.76%	0.31%	0.10%	0.63%	0.62%
Salaries, wages, and benefits	2.27%	1.35%	1.61%	0.57%	1.32%	1.67%
Other	0.20%	0.46%	0.45%	0.59%	0.73%	0.59%
Accounts payable and accrued expenses	11.54%	11.65%	10.51%	6.16%	9.19%	9.05%
Current debt	0.25%	0.68%	0.62%	0.43%	0.16%	0.26%
Other current liabilities	2.24%	1.50%	2.19%	0.82%	2.03%	1.60%
Current liabilities	14.03%	13.83%	13.32%	7.42%	11.37%	10.92%
Long-term debt	2.39%	16.93%	18.68%	20.31%	10.26%	11.25%
Noncurrent unearned government incentives	0.40%	1.23%	0.79%	1.13%	0.89%	1.37%
Noncurrent customer contract liabilities	6.58%	0.17%	0.00%	0.00%	0.00%	0.00%
Other noncurrent liabilities	5.95%	2.42%	2.19%	2.47%	2.18%	1.81%
Noncurrent liabilities	15.33%	20.75%	21.66%	23.92%	13.33%	14.43%
Total liabilities	29.36%	34.58%	34.98%	31.34%	24.71%	25.35%
Common stock, $0.10 par value	0.07%	0.15%	0.18%	0.19%	0.19%	0.21%
Additional capital	7.64%	16.11%	17.45%	17.18%	15.38%	16.06%
Retained earnings	67.31%	58.68%	58.89%	63.54%	71.32%	66.36%
Treasury stock	-4.34%	-9.48%	-11.31%	-11.75%	-10.75%	-7.98%
Accumulated other comprehensive income (loss)	-0.04%	-0.04%	-0.19%	-0.49%	-0.84%	0.00%
Shareholders’ equity	70.64%	65.42%	65.02%	68.66%	75.29%	74.65%
Total liabilities and equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

Based on: 10-K (reporting date: 2026-09-03), 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02).

The overall capital structure reflects a period of increased leverage between 2021 and 2024, followed by a significant deleveraging phase ending in 2026. Total liabilities rose from 25.35% of total liabilities and equity in 2021 to a peak of 34.98% in 2024, before receding to 29.36% by 2026. Correspondingly, shareholders' equity, which dominated the balance sheet throughout the period, decreased from 74.65% in 2021 to a low of 65.02% in 2024, subsequently recovering to 70.64% in 2026.

Liability Composition and Debt Trends: A notable fluctuation is observed in long-term debt, which surged from 10.26% in 2022 to 20.31% in 2023. This elevated level persisted through 2025 before a sharp decline to 2.39% in 2026, indicating a substantial repayment or restructuring of long-term obligations. In contrast, current liabilities exhibited a general upward trajectory, increasing from 10.92% in 2021 to 14.03% in 2026, largely driven by a rise in accounts payable and accrued expenses, which reached 11.54% in the final year.
Equity Components and Shareholder Value: Retained earnings constitute the largest portion of the equity base, though they experienced volatility, declining from a peak of 71.32% in 2022 to 58.68% in 2025, before rebounding to 67.31% in 2026. The treasury stock account shows an increasing contra-equity balance peaking at -11.75% in 2023, followed by a steady reduction to -4.34% by 2026, suggesting a shift in share buyback activity.
Noncurrent Obligations and Emerging Liabilities: Noncurrent liabilities peaked in 2023 at 23.92% and declined to 15.33% by 2026. Within this category, a significant emergence is noted in noncurrent customer contract liabilities, which were nonexistent in earlier years but rose sharply to 6.58% in 2026. Additionally, income and other taxes as a percentage of total liabilities and equity saw a marked increase to 2.87% in 2026 compared to historical lows of 0.10% to 0.76% in previous years.

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