The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of June 25, 2018 for the adoption of ASC 606 to all contracts with customers that were not completed as of June 24, 2018 was recorded as an adjustment to retained earnings as of the adoption date as follows:



	June 24, 2018					June 25, 2018
	As reported		Adjustments			As Adjusted
	(in thousands)
Total assets	$	12,479,478	$	12,955		$	12,492,433
Deferred profit	$	720,086	$	(160,695	)	$	559,391
Total liabilities	$	5,899,435	$	(126,400	)	$	5,773,035
Stockholder’s equity	$	6,501,851	$	139,355		$	6,641,206

The impact of adoption of ASC 606 on the Company's Consolidated Statement of Operations and Consolidated Balance Sheet was as follows:



	Year Ended
	June 30, 2019
	As Reported		Without adoption of ASC 606		Effect of Change Higher/(Lower)
	(in thousands)
Revenue	$	9,653,559	$	9,049,790	$	603,769
Cost of goods sold	$	5,295,100	$	5,016,679	$	278,421



	June 30, 2019
	As Reported		Without adoption of ASC 606		Effect of Change Higher/(Lower)
	(in thousands)
Deferred profit	$	381,317	$	846,422	$	(465,105	)
Retained earnings	$	9,930,919	$	9,465,814	$	465,105