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121
MICRON TECHNOLOGY, INC.
SCHEDULE I
CONDENSED FINANCIAL INFORMATION OF THE REGISTRANT
NOTES TO CONDENSED FINANCIAL STATEMENTS
(All tabular amounts in millions)
Basis of Presentation
Micron Technology, Inc., ("Micron") a Delaware corporation, was incorporated in 1978. Micron is the parent company of
it's consolidated subsidiaries and, together with it's consolidated subsidiaries, is one of the world's leading providers of
advanced semiconductor solutions.
These condensed financial statements have been prepared on a parent-only basis. Under this parent-only presentation,
Micron's investments in its consolidated subsidiaries are presented under the equity method of accounting. In accordance with
Rule 12-04 of Regulation S-X, these parent-only financial statements do not include all of the information and footnotes
required by Generally Accepted Accounting Principles (GAAP) in the United States (U.S.) for annual financial statements.
Because these parent-only financial statements and notes do not include all of the information and footnotes required by GAAP
in the U.S. for annual financial statements, these parent-only financial statements and other information included should be
read in conjunction with Micron's audited Consolidated Financial Statements contained within Part II, Item 8 of this Form 10-K
for the year ended August 29, 2013.
Long-Term Debt
As of 2013 2012
Capital lease obligations $ 553 $ 556
2014 convertible senior notes 465 860
2027 convertible senior notes 147 141
2031A convertible senior notes 277 265
2031B convertible senior notes 253 243
2032C convertible senior notes 463 451
2032D convertible senior notes 369 361
2033E convertible senior notes 272 —
2033F convertible senior notes 260 —
Intel senior note 25 58
3,084 2,935
Less current portion 646 154
$ 2,438 $ 2,781
Micron' senior notes are unsecured obligations ranking equally in right of payment with all of Micron's other existing and
future unsecured indebtedness, and are effectively subordinated to all of Micron's other existing and future secured
indebtedness, to the extent of the value of the assets securing such indebtedness. The convertible notes and the Intel note of
Micron are structurally subordinated to $1,863 million of other notes payable of its subsidiaries and capital lease obligations.
MTI guarantees certain debt obligations of its subsidiaries. MTI does not guarantee the Elpida creditor installment payments.
As of August 29, 2013, Micron had guaranteed $701 million of debt obligations of its subsidiaries. Micron's guarantees of its
subsidiary debt obligations are unsecured obligations ranking equally in right of payment with all of its other existing and
future unsecured indebtedness.