CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
| As of |
March 2,
2023 |
December 1,
2022 |
September 1,
2022 | ||||||
| Assets | |||||||||
| Cash and equivalents | $ | 9,798 | $ | 9,574 | $ | 8,262 | |||
| Short-term investments | 1,020 | 1,007 | 1,069 | ||||||
| Receivables | 2,278 | 3,318 | 5,130 | ||||||
| Inventories | 8,129 | 8,359 | 6,663 | ||||||
| Other current assets | 673 | 663 | 657 | ||||||
| Total current assets | 21,898 | 22,921 | 21,781 | ||||||
| Long-term marketable investments | 1,212 | 1,426 | 1,647 | ||||||
| Property, plant, and equipment | 39,085 | 39,335 | 38,549 | ||||||
| Operating lease right-of-use assets | 673 | 693 | 678 | ||||||
| Intangible assets | 410 | 428 | 421 | ||||||
| Deferred tax assets | 697 | 672 | 702 | ||||||
| Goodwill | 1,228 | 1,228 | 1,228 | ||||||
| Other noncurrent assets | 1,317 | 1,171 | 1,277 | ||||||
| Total assets | $ | 66,520 | $ | 67,874 | $ | 66,283 | |||
| Liabilities and equity | |||||||||
| Accounts payable and accrued expenses | $ | 4,310 | $ | 5,438 | $ | 6,090 | |||
| Current debt | 237 | 171 | 103 | ||||||
| Other current liabilities | 708 | 916 | 1,346 | ||||||
| Total current liabilities | 5,255 | 6,525 | 7,539 | ||||||
| Long-term debt | 12,037 | 10,094 | 6,803 | ||||||
| Noncurrent operating lease liabilities | 610 | 625 | 610 | ||||||
| Noncurrent unearned government incentives | 529 | 516 | 589 | ||||||
| Other noncurrent liabilities | 832 | 808 | 835 | ||||||
| Total liabilities | 19,263 | 18,568 | 16,376 | ||||||
| Commitments and contingencies | |||||||||
| Shareholders’ equity | |||||||||
| Common stock | 123 | 123 | 123 | ||||||
| Additional capital | 10,633 | 10,335 | 10,197 | ||||||
| Retained earnings | 44,426 | 46,873 | 47,274 | ||||||
| Treasury stock | (7,552 | ) | (7,552 | ) | (7,127 | ) | |||
| Accumulated other comprehensive income (loss) | (373 | ) | (473 | ) | (560 | ) | |||
| Total equity | 47,257 | 49,306 | 49,907 | ||||||
| Total liabilities and equity | $ | 66,520 | $ | 67,874 | $ | 66,283 | |||
