Balance Sheet: Liabilities and Stockholders’ Equity
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.
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.
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Micron Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-02-26), 10-Q (reporting date: 2025-11-27), 10-K (reporting date: 2025-08-28), 10-Q (reporting date: 2025-05-29), 10-Q (reporting date: 2025-02-27), 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28).
Over the observed period, spanning from November 2019 to May 2025, significant fluctuations are evident in the company’s liabilities and stockholders’ equity. Total liabilities demonstrate a generally increasing trend, punctuated by periods of relative stability and decline, while stockholders’ equity exhibits a more consistent upward trajectory, albeit with some volatility in the latter part of the period.
- Current Liabilities
- Current liabilities generally increased from $6.317 billion in November 2019 to a peak of $9.248 billion in May 2024, before decreasing to $7.877 billion in December 2024. This increase was primarily driven by growth in ‘Other current liabilities’ which more than doubled over the period. Accounts payable and accrued expenses also showed an increasing trend, peaking in May 2024, but decreased significantly in subsequent quarters. Current debt remained relatively stable, with some fluctuations, but generally decreased in the most recent periods.
- Noncurrent Liabilities
- Noncurrent liabilities exhibited a steady increase from $6.734 billion in November 2019 to $17.514 billion in May 2024. Long-term debt contributed substantially to this increase, rising from $5.188 billion to $15.003 billion over the same period. Noncurrent unearned government incentives also increased, though to a lesser extent, while noncurrent operating lease liabilities remained relatively stable. A notable decrease in noncurrent liabilities is observed in the later periods, falling to $14.754 billion by February 2026.
- Total Liabilities
- Total liabilities mirrored the trends in its components, increasing from $13.051 billion in November 2019 to a high of $28.633 billion in May 2024. The subsequent period shows a decrease, reaching $29.050 billion in February 2026. The significant increase in total liabilities suggests a greater reliance on debt financing or an increase in deferred obligations.
- Stockholders’ Equity
- Stockholders’ equity demonstrated a consistent upward trend, increasing from $36.500 billion in November 2019 to $58.806 billion in February 2026. Retained earnings were the primary driver of this growth, increasing substantially over the period. While ‘Treasury stock’ represents a reduction in equity, its impact was offset by the growth in retained earnings and additional capital. Accumulated other comprehensive income (loss) fluctuated, but generally remained a relatively small component of total equity.
- Total Liabilities and Equity
- The combined value of total liabilities and equity increased from $49.649 billion in November 2019 to $101.509 billion in February 2026. This growth reflects the combined effect of increasing liabilities and stockholders’ equity, with the latter contributing to a more stable financial position despite the rise in debt.
In summary, the company experienced a period of growth characterized by increasing liabilities and stockholders’ equity. The latter half of the observed period shows a stabilization and slight decrease in liabilities, while equity continues to grow, suggesting a strengthening financial position. The significant increase in retained earnings indicates profitability and effective capital management.