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.

Micron Technology Inc., consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable and accrued expenses	9,796)	9,649)	8,761)	6,176)	7,126)	7,299)	5,145)	4,680)	3,946)	3,958)	4,177)	4,310)	5,438)	6,090)	5,788)	5,650)	5,470)	5,325)	4,427)	4,550)	4,856)	5,817)	5,364)	5,077)	5,408)
Current debt	569)	560)	538)	504)	533)	431)	398)	344)	908)	278)	259)	237)	171)	103)	107)	123)	118)	155)	297)	323)	273)	270)	330)	237)	462)
Other current liabilities	1,695)	1,245)	836)	1,197)	1,356)	1,518)	1,297)	1,235)	1,108)	529)	668)	708)	916)	1,346)	1,114)	1,145)	924)	944)	738)	560)	559)	548)	491)	508)	447)
Current liabilities	12,060)	11,454)	10,135)	7,877)	9,015)	9,248)	6,840)	6,259)	5,962)	4,765)	5,104)	5,255)	6,525)	7,539)	7,009)	6,918)	6,512)	6,424)	5,462)	5,433)	5,688)	6,635)	6,185)	5,822)	6,317)
Long-term debt	11,187)	14,017)	15,003)	13,851)	13,252)	12,966)	12,860)	13,378)	12,597)	13,052)	12,986)	12,037)	10,094)	6,803)	6,856)	6,953)	6,904)	6,621)	6,418)	6,298)	6,356)	6,373)	6,356)	5,188)	5,188)
Noncurrent operating lease liabilities	669)	701)	600)	599)	588)	610)	609)	593)	601)	603)	603)	610)	625)	610)	629)	535)	523)	504)	513)	528)	529)	533)	540)	548)	511)
Noncurrent unearned government incentives	1,148)	1,018)	603)	836)	570)	550)	672)	662)	705)	727)	632)	529)	516)	589)	663)	704)	767)	808)	722)	661)	656)	643)	553)	586)	609)
Other noncurrent liabilities	2,101)	1,443)	1,308)	1,257)	1,239)	911)	1,049)	956)	1,026)	987)	950)	832)	808)	835)	858)	741)	632)	559)	569)	552)	555)	498)	453)	383)	426)
Noncurrent liabilities	15,105)	17,179)	17,514)	16,543)	15,649)	15,037)	15,190)	15,589)	14,929)	15,369)	15,171)	14,008)	12,043)	8,837)	9,006)	8,933)	8,826)	8,492)	8,222)	8,039)	8,096)	8,047)	7,902)	6,705)	6,734)
Total liabilities	27,165)	28,633)	27,649)	24,420)	24,664)	24,285)	22,030)	21,848)	20,891)	20,134)	20,275)	19,263)	18,568)	16,376)	16,015)	15,851)	15,338)	14,916)	13,684)	13,472)	13,784)	14,682)	14,087)	12,527)	13,051)
Redeemable noncontrolling interest	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	98)	98)	98)
Common stock, $0.10 par value	127)	127)	126)	126)	126)	125)	125)	125)	124)	124)	124)	123)	123)	123)	122)	122)	122)	122)	120)	120)	120)	119)	119)	119)	119)
Additional capital	13,610)	13,339)	12,960)	12,711)	12,317)	12,115)	11,794)	11,564)	11,217)	11,036)	10,782)	10,633)	10,335)	10,197)	9,950)	9,816)	9,564)	9,453)	9,285)	9,234)	9,034)	8,917)	8,764)	8,725)	8,428)
Retained earnings	53,344)	48,583)	45,559)	43,839)	42,427)	40,877)	40,169)	39,997)	39,356)	40,824)	42,391)	44,426)	46,873)	47,274)	45,916)	43,407)	41,267)	39,051)	36,452)	34,723)	34,138)	33,384)	32,402)	31,602)	31,218)
Treasury stock	(8,152)	(7,852)	(7,852)	(7,852)	(7,852)	(7,852)	(7,552)	(7,552)	(7,552)	(7,552)	(7,552)	(7,552)	(7,552)	(7,127)	(6,343)	(5,362)	(4,954)	(4,695)	(3,645)	(3,495)	(3,495)	(3,495)	(3,454)	(3,414)	(3,271)
Accumulated other comprehensive income (loss)	(123)	(32)	(45)	(191)	(221)	(134)	(311)	(264)	(260)	(312)	(340)	(373)	(473)	(560)	(364)	(138)	(91)	2)	47)	81)	110)	71)	(11)	(9)	6)
Shareholders’ equity	58,806)	54,165)	50,748)	48,633)	46,797)	45,131)	44,225)	43,870)	42,885)	44,120)	45,405)	47,257)	49,306)	49,907)	49,281)	47,845)	45,908)	43,933)	42,259)	40,663)	39,907)	38,996)	37,820)	37,023)	36,500)
Total liabilities and equity	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)

Liabilities

Current liabilities demonstrate fluctuations over the presented periods, starting at 6,317 million US dollars and peaking at 11,454 million US dollars in late 2025. There is an observable sharp increase beginning around early 2024, primarily driven by a substantial rise in accounts payable and accrued expenses, which surged from approximately 3,946 million US dollars in late 2023 to nearly 9,796 million US dollars by late 2025.

Current debt remains relatively low throughout the period, fluctuating mostly under 1,000 million US dollars, with a slight increase to 908 million in early 2024 but later stabilizing around 500-560 million US dollars. Other current liabilities also fluctuate but exhibit a general increasing trend towards 2025, reaching 1,695 million US dollars.

Long-term debt shows a general upward trend from approximately 5,188 million US dollars in 2019 to a peak exceeding 15,000 million in late 2024 before declining to around 11,187 million US dollars by late 2025. The trend indicates periods of debt issuance and repayments or refinancing activities.

Noncurrent liabilities, including operating lease liabilities, unearned government incentives, and other noncurrent liabilities, all present mixed trends but overall growth until around late 2024, followed by a decrease in the final period. Notably, other noncurrent liabilities nearly double from 426 million US dollars to over 2,100 million US dollars, indicating increased obligations or accruals in this category.

Total liabilities increased steadily from 13,051 million US dollars in late 2019 to a high of approximately 28,633 million US dollars by late 2024, before decreasing to 27,165 million in the last quarter. This reflects the combined effect of increases in various components, especially accounts payable and long-term debt.

Shareholders' Equity

Shareholders’ equity has exhibited a consistent upward trajectory from 36,500 million US dollars in late 2019 to 58,806 million US dollars by late 2025, reflecting growth of approximately 61%. This increase has been driven primarily by retained earnings, which grew from 31,218 million to 53,344 million US dollars over the same period, indicating profitability and earnings retention.

Treasury stock has increased in absolute value negatively (from -3,271 million to -8,152 million US dollars), suggesting ongoing repurchases of shares or increased treasury holdings, which reduces overall equity but signals potential management confidence or capital structure strategy.

Additional capital rose steadily, moving from 8,428 million US dollars to 13,610 million, consistent with capital infusions or issuance of stock. Common stock par value remained stable with minor increments reflective of slight changes in stock issuance.

Accumulated other comprehensive income/loss fluctuated between modest positive and negative amounts but shows a slight downward shift towards negative territory in later periods, which may reflect unrealized losses or other comprehensive adjustments.

Overall Financial Position and Trends

Total liabilities and equity combined increased significantly from 49,649 million US dollars at the start to 85,971 million in the latest period, emphasizing substantial growth in the company’s balance sheet size over time.

The data reveals a robust expansion in both liabilities and equity, with a notable acceleration in liabilities, particularly accounts payable and accrued expenses, in the most recent periods. This might indicate increased operational activities, supply chain financing, or other short-term obligations.

The rise in shareholders’ equity and retained earnings suggests sustained profitability and earnings reinvestment, supporting balance sheet strengthening despite increasing liabilities.

Fluctuations in debt levels, especially long-term debt, imply active capital management, including potential refinancing or strategic leveraging and deleveraging at different times throughout the timeline.

Overall, the trends indicate a growing entity increasing both operational scale and financial commitments, while maintaining positive equity growth, which signals financial stability alongside expanding operational demands.

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Micron Technology Inc. (NASDAQ:MU)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data