Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Micron Technology Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 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), 10-K (reporting date: 2020-09-03).
The financial data reveals notable fluctuations in profitability and comprehensive income over the analyzed periods.
- Net Income (Loss)
- The net income showed an overall upward trajectory from 2020 to 2022, increasing from $2,710 million to a peak of $8,687 million. However, a significant downturn occurred in 2023, resulting in a net loss of $5,833 million. The company recovered moderately in 2024, with net income at $778 million, and further improved in 2025 to reach $8,539 million.
- Gains (Losses) on Derivative Instruments
- This item showed variability without a clear trend, moving from a gain of $46 million in 2020 to losses in 2021 and 2022 (-$67 million and -$516 million respectively). It rebounded to gains in 2023 and 2024 ($234 million and $142 million) before a slight decrease in 2025 ($92 million).
- Pension Liability Adjustments
- These adjustments remained relatively stable and small in magnitude across all years, fluctuating between $3 million and $15 million, indicating minor impact on the overall financial results.
- Unrealized Gains (Losses) on Investments
- This item experienced modest losses in 2021 and 2022 (-$7 million and -$48 million), followed by gains in 2023 and 2024 ($6 million and $33 million), and decreased again in 2025 ($4 million). The movements were relatively minor in relation to net income.
- Foreign Currency Translation Adjustments
- This component had minimal impact, with data available only for some years showing slight gains or losses (e.g., $2 million in 2021 and -$3 million in 2023) and missing values in other periods.
- Other Comprehensive Income (Loss), Net of Tax
- The item broadly mirrors the pattern seen in gains/losses on derivative instruments and unrealized investment gains/losses. It swung from a small gain in 2020 ($62 million) to a significant loss in 2022 (-$562 million), rebounding to gains in 2023 and 2024 ($248 million and $178 million) before a reduction in 2025 ($102 million).
- Comprehensive Income (Loss)
- Comprehensive income trends parallel net income closely. It rose steadily from $2,772 million in 2020 to $8,125 million in 2022, followed by a substantial loss in 2023 (-$5,585 million). A positive recovery was evident in the subsequent years, with $956 million in 2024 and $8,641 million in 2025, indicating a strong financial rebound.
- Comprehensive Income Attributable to Noncontrolling Interests
- Data is limited and only indicates a loss of $23 million in 2020, with no subsequent figures reported, suggesting negligible or unreported activity in later periods.
- Comprehensive Income (Loss) Attributable to the Company
- Patterns align with total comprehensive income, showing increases through 2022, a sharp decline in 2023, and recovery thereafter. This suggests the company’s primary role in driving the overall comprehensive income trend.
In summary, the company experienced strong profitability growth through 2022, followed by a significant loss in 2023. The subsequent periods show a meaningful recovery, supported by improvements in net income and comprehensive income. Variations in derivative instruments and investment valuations contributed to fluctuations in other comprehensive income, but the pension liability adjustments and foreign currency translation effects remained minor throughout the period.