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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 04, 2019
Jun. 28, 2019
Current assets:    
Cash and cash equivalents $ 3,248 $ 3,455
Accounts receivable, net 1,448 1,204
Inventories 3,287 3,283
Other current assets 517 535
Total current assets 8,500 8,477
Non-current assets:    
Property, plant and equipment, net 2,796 2,843
Notes receivable and investments in Flash Ventures 2,629 2,791
Goodwill 10,090 10,076
Other intangible assets, net 1,514 1,711
Other non-current assets 751 472
Total assets 26,280 26,370
Current liabilities:    
Accounts payable 1,724 1,567
Accounts payable to related parties 507 331
Accrued expenses 1,374 1,296
Accrued compensation 432 347
Current portion of long-term debt 251 276
Total current liabilities 4,288 3,817
Non-current liabilities:    
Long-term debt 9,961 10,246
Other liabilities 2,465 2,340
Total liabilities 16,714 16,403
Commitments and contingencies (Notes 7, 9, 12 and 15)
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 — 298 shares and 295 shares, respectively 3 3
Additional paid-in capital 3,728 3,851
Accumulated other comprehensive loss (90) (68)
Retained earnings 7,012 7,449
Treasury stock — common shares at cost; 14 shares and 17 shares, respectively (1,087) (1,268)
Total shareholders’ equity 9,566 9,967
Total liabilities and shareholders’ equity $ 26,280 $ 26,370