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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2020
Jul. 03, 2020
Current assets:    
Cash and cash equivalents $ 2,995 $ 3,048
Accounts receivable, net 2,097 2,379
Inventories 3,355 3,070
Other current assets 558 551
Total current assets 9,005 9,048
Non-current assets:    
Property, plant and equipment, net 2,897 2,854
Notes receivable and investments in Flash Ventures 1,746 1,875
Goodwill 10,069 10,067
Other intangible assets, net 758 941
Other non-current assets 927 877
Total assets 25,402 25,662
Current liabilities:    
Accounts payable 1,949 1,945
Accounts payable to related parties 404 407
Accrued expenses 1,293 1,296
Accrued compensation 497 472
Current portion of long-term debt 286 286
Total current liabilities 4,429 4,406
Non-current liabilities:    
Long-term debt 9,086 9,289
Other liabilities 2,311 2,416
Total liabilities 15,826 16,111
Commitments and contingencies (Notes 9, 10, 12 and 15)
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 — 304 shares and 302 shares, respectively 3 3
Additional paid-in capital 3,537 3,717
Accumulated other comprehensive income (loss) (101) (157)
Retained earnings 6,658 6,725
Treasury stock — common shares at cost; 8 shares and 10 shares, respectively (521) (737)
Total shareholders’ equity 9,576 9,551
Total liabilities and shareholders’ equity $ 25,402 $ 25,662