CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 01, 2022	Jul. 02, 2021
Current assets:
Cash and cash equivalents	$ 2,505	$ 3,370
Accounts receivable, net	2,353	2,257
Inventories	3,661	3,616
Other current assets	659	514
Total current assets	9,178	9,757
Non-current assets:
Property, plant and equipment, net	3,488	3,188
Notes receivable and investments in Flash Ventures	1,417	1,586
Goodwill	10,061	10,066
Other intangible assets, net	252	442
Other non-current assets	1,303	1,093
Total assets	25,699	26,132
Current liabilities:
Accounts payable	1,836	1,934
Accounts payable to related parties	396	398
Accrued expenses	1,605	1,653
Accrued compensation	485	634
Current portion of long-term debt	75	251
Total current liabilities	4,397	4,870
Non-current liabilities:
Long-term debt	7,087	8,474
Other liabilities	2,231	2,067
Total liabilities	13,715	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	3,600	3,608
Accumulated other comprehensive loss	(357)	(197)
Retained earnings	8,738	7,539
Treasury stock — common shares at cost; 0 shares and 4 shares, respectively	0	(232)
Total shareholders’ equity	11,984	10,721
Total liabilities and shareholders’ equity	$ 25,699	$ 26,132