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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 27, 2024
Jun. 28, 2024
Current assets:    
Cash and cash equivalents $ 2,291 $ 1,879
Accounts receivable, net 2,597 2,166
Inventories 3,420 3,342
Other current assets 1,064 673
Total current assets 9,372 8,060
Non-current assets:    
Property, plant and equipment, net 2,930 3,167
Notes receivable and investments in Flash Ventures 861 991
Goodwill 9,729 10,032
Other intangible assets, net 77 78
Other non-current assets 2,487 1,860
Total assets 25,456 24,188
Current liabilities:    
Accrued expenses 1,576 1,480
Income taxes payable 468 525
Accrued compensation 516 608
Current portion of long-term debt 150 1,750
Total current liabilities 4,706 6,087
Non-current liabilities:    
Long-term debt 7,216 5,684
Other liabilities 1,188 1,370
Total liabilities 13,110 13,141
Commitments and contingencies (Notes 9, 10, 12 and 16)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 0.2 shares; aggregate liquidation preference of $265 and $257, respectively 229 229
Shareholders’ equity:    
Common stock, $0.01 par value; authorized — 750 shares; issued and outstanding — 348 shares and 343 shares, respectively 3 3
Additional paid-in capital 4,885 4,752
Accumulated other comprehensive loss (633) (712)
Retained earnings 7,862 6,775
Total shareholders’ equity 12,117 10,818
Total liabilities, convertible preferred stock and shareholders’ equity 25,456 24,188
Nonrelated Party    
Current liabilities:    
Accounts payable 1,627 1,411
Related Party    
Current liabilities:    
Accounts payable $ 369 $ 313