CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 03, 2026	Jun. 27, 2025
Current assets:
Cash and cash equivalents	$ 3,735	$ 1,481
Accounts receivable, net	2,726	1,068
Inventories	2,238	2,079
Income tax receivable	81	66
Other current assets	388	392
Total current assets	9,168	5,086
Non-current assets:
Property, plant and equipment, net	649	619
Notes receivable and investments in Flash Ventures	684	654
Goodwill	4,994	4,999
Deferred tax assets	87	58
Income tax receivable, non-current	134	80
Other non-current assets	1,359	1,489
Total assets	17,075	12,985
Current liabilities:
Contract liabilities	323	25
Accrued expenses	383	400
Accrued compensation	329	173
Income tax payable, current	31	43
Current portion of long-term debt	0	20
Total current liabilities	1,917	1,427
Non-current liabilities:
Deferred tax liabilities	17	17
Income tax payable, non-current	783	131
Long-term debt	0	1,829
Non-current contract liabilities	188	0
Other liabilities	393	365
Total liabilities	3,298	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	11,289	11,248
Retained earnings (Accumulated deficit)	2,746	(1,784)
Accumulated other comprehensive loss	(259)	(249)
Total shareholders’ equity	13,777	9,216
Total liabilities and shareholders’ equity	17,075	12,985
Nonrelated Party
Current liabilities:
Accounts payable	416	366
Related Party
Current liabilities:
Accounts payable	$ 435	$ 400