Balance Sheet: Assets

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

US$ in millions

	Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Sep 2, 2021	Sep 3, 2020	Aug 29, 2019
Cash and equivalents	7,041)	8,577)	8,262)	7,763)	7,624)	7,152)
Short-term investments	1,065)	1,017)	1,069)	870)	518)	803)
Trade receivables	5,419)	2,048)	4,765)	4,920)	3,494)	2,778)
Government incentives	834)	105)	—)	—)	—)	—)
Income and other taxes	268)	194)	251)	264)	232)	242)
Other	94)	96)	114)	127)	186)	175)
Receivables	6,615)	2,443)	5,130)	5,311)	3,912)	3,195)
Inventories	8,875)	8,387)	6,663)	4,487)	5,607)	5,118)
Assets held for sale	—)	—)	13)	974)	—)	—)
Other current assets	776)	820)	644)	502)	304)	235)
Current assets	24,372)	21,244)	21,781)	19,907)	17,965)	16,503)
Long-term marketable investments	1,046)	844)	1,647)	1,765)	1,048)	1,164)
Property, plant, and equipment	39,749)	37,928)	38,549)	33,213)	31,031)	28,240)
Operating lease right-of-use assets	645)	666)	678)	551)	584)	—)
Intangible assets	416)	404)	421)	349)	334)	340)
Deferred tax assets	520)	756)	702)	782)	707)	837)
Goodwill	1,150)	1,150)	1,228)	1,228)	1,228)	1,228)
Other noncurrent assets	1,518)	1,262)	1,277)	1,054)	781)	575)
Noncurrent assets	45,044)	43,010)	44,502)	38,942)	35,713)	32,384)
Total assets	69,416)	64,254)	66,283)	58,849)	53,678)	48,887)

Based on: 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), 10-K (reporting date: 2019-08-29).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Micron Technology Inc. current assets decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Property, plant, and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Micron Technology Inc. property, plant, and equipment decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Micron Technology Inc. noncurrent assets decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Micron Technology Inc. total assets decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Micron Technology Inc. cash and equivalents increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	Micron Technology Inc. short-term investments decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Trade receivables	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Micron Technology Inc. trade receivables decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Receivables	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	Micron Technology Inc. receivables decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Micron Technology Inc. inventories increased from 2022 to 2023 and from 2023 to 2024.

Micron Technology Inc. (NASDAQ:MU)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items