CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 01, 2016	Jul. 03, 2015
Current assets:
Cash and cash equivalents	$ 5,363	$ 5,024
Short-term investments	497	262
Accounts receivable, net	1,650	1,532
Inventories	1,238	1,368
Other current assets	200	331
Total current assets	8,948	8,517
Property, plant and equipment, net	2,801	2,965
Goodwill	2,766	2,766
Other intangible assets, net	292	332
Other non-current assets	659	601
Total assets	15,466	15,181
Current liabilities:
Accounts payable	1,806	1,881
Accrued expenses	505	470
Accrued compensation	315	330
Accrued warranty	144	150
Accrued arbitration award	32	0
Revolving Credit Facility	255	255
Current portion of long-term debt	188	156
Total current liabilities	3,245	3,242
Long-term debt	2,062	2,156
Other liabilities	602	564
Total liabilities	$ 5,909	$ 5,962
Commitments and contingencies (Notes 4 and 5)
Shareholders' equity:
Preferred stock, $.01 par value; authorized — 5 shares; issued and outstanding — none	$ 0	$ 0
Common stock, $.01 par value; authorized — 450 shares; issued — 261 shares; outstanding — 232 and 230 shares, respectively	3	3
Additional paid-in capital	2,421	2,428
Accumulated other comprehensive income (loss)	(8)	(20)
Retained earnings	9,407	9,107
Treasury stock — common shares at cost; 29 and 31 shares, respectively	(2,266)	(2,299)
Total shareholders' equity	9,557	9,219
Total liabilities and shareholders' equity	$ 15,466	$ 15,181