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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
May 28, 2020
Aug. 29, 2019
Assets    
Cash and equivalents $ 8,267 $ 7,152
Short-term investments 391 803
Receivables 3,603 3,195
Inventories 5,405 5,118
Other current assets 233 235
Total current assets 17,899 16,503
Long-term marketable investments [1] 577 1,164
Property, plant, and equipment 30,081 28,240
Intangible assets 332 340
Deferred tax assets 775 837
Goodwill 1,228 1,228
Operating lease right-of-use assets 599 0
Other noncurrent assets 514 575
Total assets 52,005 48,887
Liabilities and equity    
Accounts payable and accrued expenses 5,364 4,626
Current debt 330 1,310
Other current liabilities 491 454
Total current liabilities 6,185 6,390
Long-term debt 6,356 4,541
Noncurrent operating lease liabilities 540 0
Noncurrent unearned government incentives 553 636
Other noncurrent liabilities 453 452
Total liabilities 14,087 12,019
Commitments and contingencies
Redeemable noncontrolling interest 98 98
Micron shareholders' equity    
Common stock, $0.10 par value, 3,000 shares authorized, 1,192 shares issued and 1,112 outstanding (1,182 shares issued and 1,106 outstanding as of August 29, 2019) 119 118
Additional capital 8,764 8,214
Retained earnings 32,402 30,761
Treasury stock, 80 shares held (76 shares as of August 29, 2019) (3,454) (3,221)
Accumulated other comprehensive income (loss) (11) 9
Total Micron shareholders' equity 37,820 35,881
Noncontrolling interests in subsidiary 0 889
Total equity 37,820 36,770
Total liabilities and equity $ 52,005 $ 48,887
[1] The maturities of long-term marketable investments range from one to four years.