Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2017	Jul. 01, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 961,067	$ 869,502	$ 847,292
Accounts and notes receivable, less allowances of $52,588, $31,059, and $48,612	3,953,643	4,012,393	3,963,458
Inventories, net	3,174,012	2,995,598	3,031,548
Prepaid expenses and other current assets	183,446	139,185	142,319
Income tax receivable	0	16,760	26,589
Total current assets	8,272,168	8,033,438	8,011,206
Plant and equipment at cost, less depreciation	4,366,292	4,377,302	4,331,129
Long-term assets
Goodwill	4,001,020	3,916,128	3,714,355
Intangibles, less amortization	1,056,335	1,037,511	1,094,927
Deferred income taxes	92,950	142,472	193,663
Other assets	430,605	249,804	284,786
Total long-term assets	5,580,910	5,345,915	5,287,731
Total assets	18,219,370	17,756,655	17,630,066
Current liabilities
Notes payable	6,629	3,938	22,600
Accounts payable	3,745,817	3,971,112	3,549,554
Accrued expenses	1,567,362	1,576,221	1,471,195
Accrued income taxes	128,446	14,540	0
Current maturities of long-term debt	534,716	530,075	8,937
Total current liabilities	5,982,970	6,095,886	5,052,286
Long-term liabilities
Long-term debt	8,312,489	7,660,877	8,313,651
Deferred income taxes	143,794	161,715	175,795
Other long-term liabilities	1,477,991	1,373,822	1,533,390
Total long-term liabilities	9,934,274	9,196,414	10,022,836
Commitments and contingencies
Noncontrolling interests	33,524	82,839	78,905
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	1,361,471	1,327,366	1,320,068
Retained earnings	9,708,261	9,447,755	9,256,137
Accumulated other comprehensive loss	(1,116,028)	(1,262,737)	(1,582,596)
Treasury stock at cost, 243,764,879, 235,135,699 and 224,792,348 shares	(8,450,277)	(7,896,043)	(7,282,745)
Total shareholders’ equity	2,268,602	2,381,516	2,476,039
Total liabilities and shareholders’ equity	$ 18,219,370	$ 17,756,655	$ 17,630,066

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).