Crucial 2015 Annual Report Download - page 47

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45
MICRON TECHNOLOGY, INC.
CONSOLIDATED BALANCE SHEETS
(in millions except par value amounts)
As of September 3,
2015 August 28,
2014
Assets
Cash and equivalents $ 2,287 $ 4,150
Short-term investments 1,234 384
Receivables 2,507 2,906
Inventories 2,340 2,455
Other current assets 228 350
Total current assets 8,596 10,245
Long-term marketable investments 2,113 819
Property, plant and equipment, net 10,554 8,682
Equity method investments 1,379 971
Intangible assets, net 449 468
Deferred tax assets 597 816
Other noncurrent assets 455 415
Total assets $ 24,143 $ 22,416
Liabilities and equity
Accounts payable and accrued expenses $ 2,611 $ 2,864
Deferred income 205 309
Current debt 1,089 1,618
Total current liabilities 3,905 4,791
Long-term debt 6,252 4,893
Other noncurrent liabilities 698 1,102
Total liabilities 10,855 10,786
Commitments and contingencies
Redeemable convertible notes 49 68
Micron shareholders' equity:
Common stock, $0.10 par value, 3,000 shares authorized, 1,084 shares issued and
outstanding (1,073 as of August 28, 2014) 108 107
Additional capital 7,474 7,868
Retained earnings 5,588 2,729
Treasury stock, 45 shares held as of September 3, 2015 (881) —
Accumulated other comprehensive income 13 56
Total Micron shareholders' equity 12,302 10,760
Noncontrolling interests in subsidiaries 937 802
Total equity 13,239 11,562
Total liabilities and equity $ 24,143 $ 22,416
See accompanying notes to consolidated financial statements.