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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 29, 2025
Jun. 29, 2024
Current assets    
Cash and cash equivalents $ 1,527 $ 696
Accounts receivable, less allowances of $114 and $54 5,465 5,324
Inventories 4,893 4,678
Prepaid expenses and other current assets 375 323
Income tax receivable 22 22
Total current assets 12,282 11,043
Plant and equipment at cost, less accumulated depreciation 5,719 5,497
Other long-term assets    
Goodwill 5,199 5,153
Intangibles, less amortization 1,100 1,188
Deferred income taxes 456 445
Operating lease right-of-use assets, net 1,096 923
Other assets 495 668
Total other long-term assets 8,346 8,377
Total assets 26,347 24,917
Current liabilities    
Accounts payable 6,183 6,290
Accrued expenses 2,147 2,226
Accrued income taxes 40 131
Current operating lease liabilities 133 125
Current maturities of long-term debt 1,232 469
Total current liabilities 9,735 9,241
Long-term liabilities    
Long-term debt 12,234 11,513
Deferred income taxes 342 345
Long-term operating lease liabilities 1,010 838
Other long-term liabilities 1,081 1,089
Total long-term liabilities 14,667 13,785
Noncontrolling interest 23 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 1,963 1,908
Retained earnings 12,792 12,260
Accumulated other comprehensive loss (1,255) (1,339)
Treasury stock at cost, 280,429,662 and 273,416,685 shares (12,343) (11,734)
Total shareholders’ equity 1,922 1,860
Total liabilities and shareholders’ equity $ 26,347 $ 24,917