Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Jul. 01, 2022	Jul. 02, 2021
Current assets:
Cash and cash equivalents	$ 2,327	$ 3,370
Accounts receivable, net	2,804	2,257
Inventories	3,638	3,616
Other current assets	684	514
Total current assets	9,453	9,757
Non-current assets:
Property, plant and equipment, net	3,670	3,188
Notes receivable and investments in Flash Ventures	1,396	1,586
Goodwill	10,041	10,066
Other intangible assets, net	213	442
Other non-current assets	1,486	1,093
Total assets	26,259	26,132
Current liabilities:
Accounts payable	1,902	1,934
Accounts payable to related parties	320	398
Accrued expenses	1,636	1,390
Income taxes payable	869	263
Accrued compensation	510	634
Current portion of long-term debt	0	251
Total current liabilities	5,237	4,870
Non-current liabilities:
Long-term debt	7,022	8,474
Other liabilities	1,779	2,067
Total liabilities	14,038	15,411
Commitments and contingencies (Notes 10, 11, 14 and 17)
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 — 315 shares in 2022 and 312 shares in 2021; outstanding — 315 shares in 2022 and 308 shares in 2021	3	3
Additional paid-in capital	3,733	3,608
Accumulated other comprehensive loss	(554)	(197)
Retained earnings	9,039	7,539
#REF!	0	(232)
Total shareholders’ equity	12,221	10,721
Total liabilities and shareholders’ equity	$ 26,259	$ 26,132
Treasury stock (in shares)	0	4