Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in millions

	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019	Aug 30, 2018
Accounts payable	1,725)	2,142)	1,744)	2,191)	1,677)	1,692)
Property, plant, and equipment	1,419)	2,170)	1,887)	2,374)	1,782)	1,238)
Salaries, wages, and benefits	367)	877)	984)	849)	695)	841)
Income and other taxes	67)	420)	364)	237)	309)	402)
Other	380)	481)	346)	166)	163)	438)
Accounts payable and accrued expenses	3,958)	6,090)	5,325)	5,817)	4,626)	4,611)
Current debt	278)	103)	155)	270)	1,310)	859)
Other current liabilities	529)	1,346)	944)	548)	454)	284)
Current liabilities	4,765)	7,539)	6,424)	6,635)	6,390)	5,754)
Long-term debt	13,052)	6,803)	6,621)	6,373)	4,541)	3,777)
Noncurrent operating lease liabilities	603)	610)	504)	533)	—)	—)
Noncurrent unearned government incentives	727)	589)	808)	643)	636)	227)
Other noncurrent liabilities	987)	835)	559)	498)	452)	354)
Noncurrent liabilities	15,369)	8,837)	8,492)	8,047)	5,629)	4,358)
Total liabilities	20,134)	16,376)	14,916)	14,682)	12,019)	10,112)
Redeemable convertible notes	—)	—)	—)	—)	—)	3)
Redeemable noncontrolling interest	—)	—)	—)	—)	98)	97)
Common stock, $0.10 par value	124)	123)	122)	119)	118)	117)
Additional capital	11,036)	10,197)	9,453)	8,917)	8,214)	8,201)
Retained earnings	40,824)	47,274)	39,051)	33,384)	30,761)	24,395)
Treasury stock	(7,552)	(7,127)	(4,695)	(3,495)	(3,221)	(429)
Accumulated other comprehensive income (loss)	(312)	(560)	2)	71)	9)	10)
Total Micron shareholders’ equity	44,120)	49,907)	43,933)	38,996)	35,881)	32,294)
Noncontrolling interest in subsidiary	—)	—)	—)	—)	889)	870)
Total equity	44,120)	49,907)	43,933)	38,996)	36,770)	33,164)
Total liabilities and equity	64,254)	66,283)	58,849)	53,678)	48,887)	43,376)

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Micron Technology Inc. current liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Micron Technology Inc. noncurrent liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Micron Technology Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total Micron shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Micron Technology Inc. total Micron shareholders’ equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

Micron Technology Inc. (NASDAQ:MU)

Balance Sheet: Liabilities and Stockholders’ Equity