Crucial 2012 Annual Report Download - page 48

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MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(in millions except par value amounts)
As of August 30, 2012 September 1, 2011
Assets
Cash and equivalents $ 2,459 $ 2,160
Short-term investments 100 —
Receivables 1,289 1,497
Inventories 1,812 2,080
Other current assets 98 95
Total current assets 5,758 5,832
Long-term marketable investments 374 52
Property, plant and equipment, net 7,103 7,555
Equity method investments 389 483
Intangible assets, net 371 414
Other noncurrent assets 333 416
Total assets $ 14,328 $ 14,752
Liabilities and equity
Accounts payable and accrued expenses $ 1,641 $ 1,830
Deferred income 248 443
Equipment purchase contracts 130 67
Current portion of long-term debt 224 140
Total current liabilities 2,243 2,480
Long-term debt 3,038 1,861
Other noncurrent liabilities 630 559
Total liabilities 5,911 4,900
Commitments and contingencies
Micron shareholders' equity:
Common stock, $0.10 par value, 3,000 shares authorized, 1,017.7 shares issued and
outstanding (984.3 as of September 1, 2011) 102 98
Additional capital 8,920 8,610
Accumulated deficit (1,402)(370)
Accumulated other comprehensive income 80 132
Total Micron shareholders' equity 7,700 8,470
Noncontrolling interests in subsidiaries 717 1,382
Total equity 8,417 9,852
Total liabilities and equity $ 14,328 $ 14,752
See accompanying notes to consolidated financial statements.