Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Micron Technology Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Nov 27, 2025	Aug 28, 2025	May 29, 2025	Feb 27, 2025	Nov 28, 2024	Aug 29, 2024	May 30, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	Jun 1, 2023	Mar 2, 2023	Dec 1, 2022	Sep 1, 2022	Jun 2, 2022	Mar 3, 2022	Dec 2, 2021	Sep 2, 2021	Jun 3, 2021	Mar 4, 2021	Dec 3, 2020	Sep 3, 2020	May 28, 2020	Feb 27, 2020	Nov 28, 2019
Cash and equivalents	9,731)	9,642)	10,163)	7,552)	6,693)	7,041)	7,594)	8,016)	8,075)	8,577)	9,298)	9,798)	9,574)	8,262)	9,157)	9,116)	8,680)	7,763)	7,759)	6,507)	5,985)	7,624)	8,267)	7,118)	6,969)
Short-term investments	587)	665)	648)	663)	895)	1,065)	785)	990)	973)	1,017)	1,054)	1,020)	1,007)	1,069)	1,070)	1,006)	900)	870)	590)	677)	1,047)	518)	391)	363)	619)
Receivables	10,184)	9,265)	7,436)	6,504)	7,423)	6,615)	5,131)	4,296)	2,943)	2,443)	2,429)	2,278)	3,318)	5,130)	6,229)	5,384)	5,250)	5,311)	4,231)	3,353)	3,691)	3,912)	3,603)	3,049)	3,419)
Inventories	8,205)	8,355)	8,727)	9,007)	8,705)	8,875)	8,512)	8,443)	8,276)	8,387)	8,238)	8,129)	8,359)	6,663)	5,629)	5,383)	4,827)	4,487)	4,537)	4,743)	5,521)	5,607)	5,405)	5,208)	4,943)
Other current assets	958)	914)	945)	963)	777)	776)	1,297)	1,690)	791)	820)	715)	673)	663)	657)	623)	613)	534)	1,476)	1,444)	1,999)	285)	304)	233)	238)	217)
Current assets	29,665)	28,841)	27,919)	24,689)	24,493)	24,372)	23,319)	23,435)	21,058)	21,244)	21,734)	21,898)	22,921)	21,781)	22,708)	21,502)	20,191)	19,907)	18,561)	17,279)	16,529)	17,965)	17,899)	15,976)	16,167)
Long-term marketable investments	1,697)	1,629)	1,402)	1,375)	1,156)	1,046)	775)	627)	720)	844)	973)	1,212)	1,426)	1,647)	1,646)	1,717)	1,817)	1,765)	1,399)	1,316)	1,264)	1,048)	577)	586)	599)
Property, plant, and equipment	48,477)	46,590)	44,773)	42,528)	41,476)	39,749)	37,926)	37,587)	37,677)	37,928)	38,727)	39,085)	39,335)	38,549)	36,665)	36,171)	35,155)	33,213)	32,209)	31,848)	32,229)	31,031)	30,081)	29,647)	29,352)
Operating lease right-of-use assets	700)	736)	628)	637)	622)	645)	660)	642)	648)	666)	655)	673)	693)	678)	690)	587)	574)	551)	558)	575)	577)	584)	599)	605)	608)
Intangible assets	465)	453)	426)	423)	419)	416)	413)	414)	416)	404)	410)	410)	428)	421)	415)	414)	347)	349)	350)	342)	336)	334)	332)	332)	333)
Deferred tax assets	641)	616)	483)	552)	474)	520)	597)	664)	781)	756)	708)	697)	672)	702)	682)	762)	746)	782)	822)	726)	726)	707)	775)	764)	783)
Goodwill	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,150)	1,252)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)	1,228)
Other noncurrent assets	3,176)	2,783)	1,616)	1,699)	1,671)	1,518)	1,415)	1,199)	1,326)	1,262)	1,221)	1,317)	1,171)	1,277)	1,262)	1,315)	1,188)	1,054)	816)	821)	802)	781)	514)	510)	579)
Noncurrent assets	56,306)	53,957)	50,478)	48,364)	46,968)	45,044)	42,936)	42,283)	42,718)	43,010)	43,946)	44,622)	44,953)	44,502)	42,588)	42,194)	41,055)	38,942)	37,382)	36,856)	37,162)	35,713)	34,106)	33,672)	33,482)
Total assets	85,971)	82,798)	78,397)	73,053)	71,461)	69,416)	66,255)	65,718)	63,776)	64,254)	65,680)	66,520)	67,874)	66,283)	65,296)	63,696)	61,246)	58,849)	55,943)	54,135)	53,691)	53,678)	52,005)	49,648)	49,649)

Cash and Equivalents: The cash and equivalents balance exhibited fluctuations over the analyzed period, starting near $7.0 billion and rising to above $10.0 billion by mid-2025 before slightly correcting. There is an overall upward trend, with some volatility, indicating fluctuating but generally strong liquidity positions.
Short-term Investments: Short-term investments showed variability but maintained a level generally between $600 million and $1.0 billion, reflecting moderate allocation to liquid investments that complements cash reserves. No consistent trend is apparent in either direction.
Receivables: Receivables increased significantly, nearly tripling from around $3.4 billion to over $10.1 billion by late 2025. This substantial increase could suggest growth in sales or changes in credit policies, but also implies a rising claim on customers that requires effective collection management.
Inventories: Inventories steadily increased from about $4.9 billion to approximately $8.2 billion, indicating accumulated stock possibly due to increased production or slower inventory turnover. The upward trend suggests growing operational scale or cautious inventory stocking strategies.
Other Current Assets: Other current assets showed significant volatility, with notable spikes particularly in early 2021 and again around early 2024, reaching peaks above $1.6 billion. The inconsistent pattern suggests episodic changes in prepaid expenses, advances, or other current-level assets.
Current Assets: The total current assets steadily increased overall from about $16.2 billion to nearly $30.0 billion, supporting the growth observed in liquidity and working capital components. The steady increase reflects expanding operational scale and asset base in the short term.
Long-term Marketable Investments: Long-term marketable investments first grew from $599 million to about $1.8 billion by late 2021, then declined and later showed some recovery towards $1.7 billion by 2025. This suggests strategic repositioning of longer-term investment holdings over time with some rebalancing of the portfolio.
Property, Plant, and Equipment (PP&E): PP&E showed a consistent upward trend, increasing from $29.4 billion to over $48.4 billion by late 2025. This substantial investment indicates ongoing capital expenditure and expansion in production capacity or infrastructure, supporting long-term operational capabilities.
Operating Lease Right-of-Use Assets: These assets remained relatively stable, fluctuating mildly around the $600 million mark with a slight increase towards $700 million near 2025. The relatively flat trend indicates stable leasing arrangements without major expansions or reductions.
Intangible Assets: Intangible assets remained nearly constant around $330 - $430 million, with a slight gradual increase suggesting minor acquisitions or amortization effects but no major changes in intangible holdings.
Deferred Tax Assets: Deferred tax assets showed a mild declining trend from approximately $780 million to around $640 million, reflecting changes in tax position expectations or utilization of tax benefits.
Goodwill: Goodwill remained stable around $1.15 billion throughout the period, indicating no significant acquisitions or impairments affecting this balance.
Other Noncurrent Assets: Other noncurrent assets increased markedly, especially towards recent years, rising from about $580 million to over $3.1 billion by late 2025. This growth suggests accumulating long-term prepayments, deposits, or other noncurrent investments.
Noncurrent Assets: Noncurrent assets overall showed steady growth from about $33.5 billion to $56.3 billion, driven primarily by increases in PP&E and other noncurrent assets. This reflects sustained capital investment and asset base expansion supporting long-term operations.
Total Assets: Total assets expanded consistently from approximately $49.6 billion to $85.9 billion over the period, demonstrating significant balance sheet growth. This growth is primarily driven by increases in both current and noncurrent assets, indicating company expansion and asset accumulation.

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Micron Technology Inc. (NASDAQ:MU)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data