Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Jul. 01, 2016
Current assets:
Cash and cash equivalents	$ 5,652	$ 8,151
Short-term investments	25	227
Accounts receivable, net	1,948	1,461
Inventories	2,254	2,129
Other current assets	434	616
Total current assets	10,313	12,584
Non-current assets:
Property, plant and equipment, net	3,099	3,503
Notes receivable and investments in Flash Ventures	1,291	1,171
Goodwill	10,012	9,951
Other intangible assets, net	4,144	5,034
Other non-current assets	589	619
Total assets	29,448	32,862
Current liabilities:
Accounts payable	2,185	1,888
Accounts payable to related parties	194	168
Accrued compensation	1,073	995
Accrued warranty	480	392
Accrued arbitration award	196	172
Bridge loan	0	2,995
Current portion of long-term debt	181	339
Total current liabilities	4,309	6,949
Non-current liabilities:
Long-term debt	12,907	13,660
Other liabilities	1,201	1,108
Total liabilities	18,417	21,717
Shareholders' equity:
Preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — none	0	0
Common stock, $0.01 par value; authorized — 450 shares; issued — 312 shares; outstanding — 291 and 284 shares, respectively	3	3
Additional paid-in capital	4,477	4,429
Accumulated other comprehensive income (loss)	(96)	103
Retained earnings	8,507	8,848
Treasury stock — common shares at cost; 21 and 28 shares, respectively	(1,860)	(2,238)
Total shareholders' equity	11,031	11,145
Total liabilities and shareholders' equity	$ 29,448	$ 32,862