CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Oct. 03, 2025	Jun. 27, 2025
Current assets:
Cash and cash equivalents	$ 1,442	$ 1,481
Accounts receivable, net	1,193	1,068
Inventories	1,907	2,079
Income tax receivable	72	66
Other current assets	370	392
Total current assets	4,984	5,086
Non-current assets:
Property, plant and equipment, net	630	619
Notes receivable and investments in Flash Ventures	602	654
Goodwill	4,998	4,999
Deferred tax assets	57	58
Income tax receivable, non-current	61	80
Other non-current assets	1,417	1,489
Total assets	12,749	12,985
Current liabilities:
Accrued expenses	382	425
Accrued compensation	208	173
Income tax payables	22	43
Current portion of long-term debt	20	20
Total current liabilities	1,516	1,427
Non-current liabilities:
Deferred tax liabilities	28	17
Long-term debt	1,331	1,829
Other liabilities	493	496
Total liabilities	3,368	3,769
Commitments and contingencies (Notes 10, 11, 14 and 15)
Shareholders’ equity:
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 147 shares and 146000000 shares, respectively	1	1
Additional paid-in capital	11,286	11,248
Accumulated deficit	(1,672)	(1,784)
Accumulated other comprehensive loss	(234)	(249)
Total shareholders’ equity	9,381	9,216
Total liabilities and shareholders’ equity	12,749	12,985
Nonrelated Party
Current liabilities:
Accounts payable	398	366
Related Party
Current liabilities:
Accounts payable	$ 486	$ 400