CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Dec. 31, 2021	Jul. 02, 2021
Current assets:
Cash and cash equivalents	$ 2,531	$ 3,370
Accounts receivable, net	2,743	2,257
Inventories	3,647	3,616
Other current assets	614	514
Total current assets	9,535	9,757
Non-current assets:
Property, plant and equipment, net	3,367	3,188
Notes receivable and investments in Flash Ventures	1,553	1,586
Goodwill	10,065	10,066
Other intangible assets, net	300	442
Other non-current assets	1,205	1,093
Total assets	26,025	26,132
Current liabilities:
Accounts payable	2,022	1,934
Accounts payable to related parties	389	398
Accrued expenses	1,700	1,653
Accrued compensation	567	634
Current portion of long-term debt	251	251
Total current liabilities	4,929	4,870
Non-current liabilities:
Long-term debt	7,057	8,474
Other liabilities	2,021	2,067
Total liabilities	14,007	15,411
Commitments and contingencies (Notes 10, 11, 13 and 16)
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 — 313 shares and 312 shares, respectively; outstanding — 313 shares and 308 shares, respectively	3	3
Additional paid-in capital	3,519	3,608
Accumulated other comprehensive loss	(217)	(197)
Retained earnings	8,713	7,539
Treasury stock — common shares at cost; 0 shares and 4 shares, respectively	0	(232)
Total shareholders’ equity	12,018	10,721
Total liabilities and shareholders’ equity	$ 26,025	$ 26,132
Common stock, shares issued (in shares)	313	312