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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 03, 2015
Jun. 27, 2014
Current assets:    
Cash and cash equivalents $ 5,024 $ 4,804
Short-term investments 262 284
Accounts receivable, net 1,532 1,989
Inventories 1,368 1,226
Other current assets 331 417
Total current assets 8,517 8,720
Property, plant and equipment, net 2,965 3,293
Goodwill 2,766 2,559
Other intangible assets, net 332 454
Other non-current assets 601 473
Total assets 15,181 15,499
Current liabilities:    
Accounts payable 1,881 1,971
Accrued arbitration award 0 758
Accrued expenses 470 412
Accrued compensation 330 460
Accrued warranty 150 119
Revolving credit facility 255 0
Current portion of long-term debt 156 125
Total current liabilities 3,242 3,845
Long-term debt 2,156 2,313
Other liabilities 564 499
Total liabilities $ 5,962 $ 6,657
Commitments and contingencies (Notes 4 and 5)    
Shareholders' equity:    
Preferred stock, $.01 par value; authorized - 5 shares; issued and outstanding - none $ 0 $ 0
Common stock, $.01 par value; authorized — 450 shares; issued — 261 shares; outstanding — 230 and 234 shares, respectively 3 3
Additional paid-in capital 2,428 2,331
Accumulated other comprehensive loss (20) 12
Retained earnings 9,107 8,066
Treasury stock — common shares at cost; 31 shares and 27 shares, respectively (2,299) (1,570)
Total shareholders' equity 9,219 8,842
Total liabilities and shareholders' equity $ 15,181 $ 15,499