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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2016
Jul. 01, 2016
Current assets:    
Cash and cash equivalents $ 4,940 $ 8,151
Short-term investments 161 227
Accounts receivable, net 2,004 1,461
Inventories 2,085 2,129
Other current assets 416 616
Total current assets 9,606 12,584
Non-current assets:    
Property, plant and equipment, net 3,238 3,503
Notes receivable and investments in Flash Ventures 1,082 1,171
Goodwill 10,005 9,951
Other intangible assets, net 4,469 5,034
Other non-current assets 575 619
Total assets 28,975 32,862
Current liabilities:    
Accounts payable 2,012 1,888
Accounts payable to related parties 175 168
Accrued expenses 1,001 995
Accrued compensation 581 392
Accrued warranty 190 172
Bridge loan 0 2,995
Current portion of long-term debt 129 339
Total current liabilities 4,088 6,949
Non-current liabilities:    
Long-term debt 12,944 13,660
Other liabilities 1,211 1,108
Total liabilities 18,243 21,717
Shareholders’ equity:    
Preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — none 0 0
Common stock, $0.01 par value; authorized — 450 shares; issued — 312 shares; outstanding — 288 shares and 284 shares, respectively 3 3
Additional paid-in capital 4,574 4,429
Accumulated other comprehensive income (loss) (197) 103
Retained earnings 8,411 8,848
Treasury stock — common shares at cost; 24 shares and 28 shares, respectively (2,059) (2,238)
Total shareholders’ equity 10,732 11,145
Total liabilities and shareholders’ equity $ 28,975 $ 32,862