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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 29, 2017
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 6,272 $ 6,354
Short-term investments 23 24
Accounts receivable, net 2,052 1,948
Inventories 2,281 2,341
Other current assets 485 389
Total current assets 11,113 11,056
Non-current assets:    
Property, plant and equipment, net 3,054 3,033
Notes receivable and investments in Flash Ventures 1,845 1,340
Goodwill 10,076 10,014
Other intangible assets, net 3,230 3,823
Other non-current assets 522 594
Total assets 29,840 29,860
Current liabilities:    
Accounts payable 1,921 2,144
Accounts payable to related parties 250 206
Accrued expenses 1,191 1,069
Accrued compensation 523 506
Accrued warranty 194 186
Current portion of long-term debt 274 233
Total current liabilities 4,353 4,344
Non-current liabilities:    
Long-term debt 11,777 12,918
Other liabilities 2,438 1,180
Total liabilities 18,568 18,442
Commitments and contingencies (Notes 6, 8, 10 and 13)
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 — 297 shares and 294 shares, respectively 3 3
Additional paid-in capital 4,410 4,506
Accumulated other comprehensive loss (46) (58)
Retained earnings 8,250 8,633
Treasury stock — common shares at cost; 15 shares and 18 shares, respectively (1,345) (1,666)
Total shareholders’ equity 11,272 11,418
Total liabilities and shareholders’ equity $ 29,840 $ 29,860