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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 03, 2020
Jun. 28, 2019
Current assets:    
Cash and cash equivalents $ 2,943 $ 3,455
Accounts receivable, net 1,978 1,204
Inventories 3,091 3,283
Other current assets 541 535
Total current assets 8,553 8,477
Non-current assets:    
Property, plant and equipment, net 2,735 2,843
Notes receivable and investments in Flash Ventures 2,157 2,791
Goodwill 10,066 10,076
Other intangible assets, net 1,126 1,711
Other non-current assets 872 472
Total assets 25,509 26,370
Current liabilities:    
Accounts payable 1,786 1,567
Accounts payable to related parties 397 331
Accrued expenses 1,569 1,296
Accrued compensation 433 347
Current portion of long-term debt 286 276
Total current liabilities 4,471 3,817
Non-current liabilities:    
Long-term debt 9,343 10,246
Other liabilities 2,452 2,340
Total liabilities 16,266 16,403
Commitments and contingencies (Notes 9, 10, 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 — 300 shares and 295 shares, respectively 3 3
Additional paid-in capital 3,743 3,851
Accumulated other comprehensive loss (183) (68)
Retained earnings 6,578 7,449
Treasury stock — common shares at cost; 12 shares and 17 shares, respectively (898) (1,268)
Total shareholders’ equity 9,243 9,967
Total liabilities and shareholders’ equity $ 25,509 $ 26,370