CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 02, 2026	Jun. 27, 2025
Current assets:
Cash and cash equivalents	$ 1,539	$ 1,481
Accounts receivable, net	1,239	1,068
Inventories	1,970	2,079
Income tax receivable	45	66
Other current assets	357	392
Total current assets	5,150	5,086
Non-current assets:
Property, plant and equipment, net	631	619
Notes receivable and investments in Flash Ventures	677	654
Goodwill	4,995	4,999
Deferred tax assets	62	58
Income tax receivable, non-current	98	80
Other non-current assets	1,385	1,489
Total assets	12,998	12,985
Current liabilities:
Accrued expenses	393	425
Accrued compensation	273	173
Income tax payable	99	43
Current portion of long-term debt	20	20
Total current liabilities	1,654	1,427
Non-current liabilities:
Deferred tax liabilities	22	17
Long-term debt	583	1,829
Other liabilities	526	496
Total liabilities	2,785	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 — 148 shares and 146000000 shares, respectively	1	1
Additional paid-in capital	11,336	11,248
Accumulated deficit	(869)	(1,784)
Accumulated other comprehensive loss	(255)	(249)
Total shareholders’ equity	10,213	9,216
Total liabilities and shareholders’ equity	12,998	12,985
Related Party
Current liabilities:
Accounts payable	433	400
Nonrelated Party
Current liabilities:
Accounts payable	$ 436	$ 366