Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Jul. 02, 2016	Dec. 26, 2015
Current assets
Cash and cash equivalents	$ 847,292	$ 3,919,300	$ 595,602
Accounts and notes receivable, less allowances of $48,612, $37,880, and $57,631	3,963,458	3,380,971	3,353,453
Inventories	3,031,548	2,639,174	2,736,382
Prepaid expenses and other current assets	142,319	114,454	83,263
Prepaid income taxes	26,589	0	10,326
Total current assets	8,011,206	10,053,899	6,779,026
Long-term assets
Plant and equipment at cost, less depreciation	4,331,129	3,880,442	3,936,612
Goodwill	3,714,355	2,121,661	1,977,921
Intangibles, less amortization	1,094,927	207,461	163,089
Deferred income taxes	193,663	207,320
Deferred income taxes			0
Other assets	284,786	251,021	232,820
Total long-term assets	9,618,860	6,667,905	6,310,442
Total assets	17,630,066	16,721,804	13,089,468
Current liabilities
Notes payable	22,600	89,563	83,037
Accounts payable	3,549,554	2,935,982	2,710,469
Accrued expenses	1,471,195	1,289,312	1,071,632
Accrued income taxes	0	110,690	0
Current maturities of long-term debt	8,937	8,909	7,076
Total current liabilities	5,052,286	4,434,456	3,872,214
Long-term liabilities
Long-term debt	8,313,651	7,336,930	4,265,857
Deferred income taxes	175,795	26,942
Deferred income taxes			111,822
Other long-term liabilities	1,533,390	1,368,482	852,655
Total long-term liabilities	10,022,836	8,732,354	5,230,334
Commitments and contingencies
Noncontrolling interest	78,905	75,386	45,493
Shareholders' equity
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none	0	0	0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares	765,175	765,175	765,175
Paid-in capital	1,320,068	1,281,140	1,022,816
Retained earnings	9,256,137	9,006,138	8,922,498
Accumulated other comprehensive loss	(1,582,596)	(1,358,118)	(1,045,177)
Treasury stock at cost, 224,792,348 205,577,484 and 198,552,842 shares	(7,282,745)	(6,214,727)	(5,723,885)
Total shareholders' equity	2,476,039	3,479,608	3,941,427
Total liabilities and shareholders' equity	$ 17,630,066	$ 16,721,804	$ 13,089,468

The aggregate of amounts due from customers or clients, within one year of the balance sheet date (or one operating cycle, if longer), for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date within one year of the balance sheet, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection and net of any write-downs taken for collection uncertainty on the part of the holder, respectively.

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).