| CONSOLIDATED FINANCIAL SUMMARY, Continued | ||||||||||||
| September 1, | June 2, | September 3, | ||||||||||
| As of | 2016 | 2016 | 2015 | |||||||||
| Cash and short-term investments | $ | 4,398 | $ | 4,981 | $ | 3,521 | ||||||
| Receivables | 2,068 | 2,073 | 2,507 | |||||||||
| Inventories | 2,889 | 2,920 | 2,340 | |||||||||
| Total current assets | 9,495 | 10,110 | 8,596 | |||||||||
| Long-term marketable investments | 414 | 671 | 2,113 | |||||||||
| Property, plant, and equipment, net | 14,686 | 13,209 | 10,554 | |||||||||
| Total assets | 27,540 | 27,001 | 24,143 | |||||||||
| Accounts payable and accrued expenses | 3,879 | 3,599 | 2,611 | |||||||||
| Current debt (2)(4) | 756 | 712 | 1,089 | |||||||||
| Total current liabilities | 4,835 | 4,500 | 3,905 | |||||||||
| Long-term debt (2)(4) | 9,154 | 8,919 | 6,252 | |||||||||
| Total Micron shareholders' equity | 12,080 | 12,187 | 12,302 | |||||||||
| Noncontrolling interests in subsidiaries | 848 | 847 | 937 | |||||||||
| Total equity | 12,928 | 13,034 | 13,239 | |||||||||
| Year Ended | ||||||||
| September 1, | September 3, | |||||||
| 2016 | 2015 | |||||||
| Net cash provided by operating activities | $ | 3,168 | $ | 5,208 | ||||
| Net cash provided by (used for) investing activities | (3,068 | ) | (6,232 | ) | ||||
| Net cash provided by (used for) financing activities | 1,745 | (718 | ) | |||||
| Depreciation and amortization | 3,106 | 2,805 | ||||||
| Investments in capital expenditures | (5,863 | ) | (4,116 | ) | ||||
| Proceeds from issuance of debt and equipment sale-leaseback transactions | 2,964 | 2,503 | ||||||
| Repayments of debt | (870 | ) | (2,329 | ) | ||||
| Cash paid to acquire treasury stock | (148 | ) | (884 | ) | ||||
(1) In fiscal 2016, the company initiated a restructure plan in response to the current business environment and the need to accelerate focus on its key priorities. In connection with the plan, the company expects to incur charges of $80 million, substantially all in cash expenditures, of which $58 million was incurred in the fourth quarter of fiscal 2016, with the remainder in the early part of fiscal 2017. As of September 1, 2016, the company had accrued liabilities of $24 million related to the restructuring plan, substantially all of which is expected to be paid in the first quarter of fiscal 2017.
