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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Jun. 29, 2024
Current assets    
Cash and cash equivalents $ 733 $ 696
Accounts receivable, less allowances of $65 and $54 5,778 5,324
Inventories 4,991 4,678
Prepaid expenses and other current assets 351 323
Income tax receivable 22 22
Total current assets 11,875 11,043
Plant and equipment at cost, less accumulated depreciation 5,558 5,497
Other long-term assets    
Goodwill 5,253 5,153
Intangibles, less amortization 1,169 1,188
Deferred income taxes 464 445
Operating lease right-of-use assets, net 1,008 923
Other assets 553 668
Total other long-term assets 8,447 8,377
Total assets 25,880 24,917
Current liabilities    
Accounts payable 6,374 6,290
Accrued expenses 2,141 2,226
Accrued income taxes 271 131
Current operating lease liabilities 126 125
Current maturities of long-term debt 487 469
Total current liabilities 9,399 9,241
Long-term liabilities    
Long-term debt 11,869 11,513
Deferred income taxes 333 345
Long-term operating lease liabilities 928 838
Other long-term liabilities 1,115 1,089
Total long-term liabilities 14,245 13,785
Noncontrolling interest 29 31
Shareholders’ equity    
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none 0 0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares 765 765
Paid-in capital 1,925 1,908
Retained earnings 12,498 12,260
Accumulated other comprehensive loss (1,166) (1,339)
Treasury stock at cost, 274,104,348 and 273,416,685 shares (11,815) (11,734)
Total shareholders’ equity 2,207 1,860
Total liabilities and shareholders’ equity $ 25,880 $ 24,917