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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 29, 2018
Jun. 30, 2017
Current assets:    
Cash and cash equivalents $ 5,005 $ 6,354
Accounts receivable, net 2,197 1,948
Inventories 2,944 2,341
Other current assets 492 413
Total current assets 10,638 11,056
Non-current assets:    
Property, plant and equipment, net 3,095 3,033
Notes receivable and investments in Flash Ventures 2,105 1,340
Goodwill 10,075 10,014
Other intangible assets, net 2,680 3,823
Other non-current assets 642 594
Total assets 29,235 29,860
Current liabilities:    
Accounts payable 2,265 2,144
Accounts payable to related parties 259 206
Accrued expenses 1,274 1,255
Accrued compensation 479 506
Current portion of long-term debt 179 233
Total current liabilities 4,456 4,344
Non-current liabilities:    
Long-term debt 10,993 12,918
Other liabilities 2,255 1,180
Total liabilities 17,704 18,442
Commitments and contingencies (Notes 6, 9, 13 and 16)
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 in 2018 and 2017; outstanding — 296 shares in 2018 and 294 shares in 2017 3 3
Additional paid-in capital 4,254 4,506
Accumulated other comprehensive loss (39) (58)
Retained earnings 8,757 8,633
Treasury stock — common shares at cost; 16 shares in 2018 and 18 shares in 2017 (1,444) (1,666)
Total shareholders’ equity 11,531 11,418
Total liabilities and shareholders’ equity $ 29,235 $ 29,860