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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2018
Jun. 29, 2018
Current assets:    
Cash and cash equivalents $ 4,646 $ 5,005
Accounts receivable, net 2,219 2,197
Inventories 3,119 2,944
Other current assets 587 492
Total current assets 10,571 10,638
Non-current assets:    
Property, plant and equipment, net 3,054 3,095
Notes receivable and investments in Flash Ventures 2,028 2,105
Goodwill 10,072 10,075
Other intangible assets, net 2,404 2,680
Other non-current assets 576 642
Total assets 28,705 29,235
Current liabilities:    
Accounts payable 2,081 2,265
Accounts payable to related parties 286 259
Accrued expenses 1,305 1,274
Accrued compensation 500 479
Current portion of long-term debt 213 179
Total current liabilities 4,385 4,456
Non-current liabilities:    
Long-term debt 10,930 10,993
Other liabilities 2,015 2,255
Total liabilities 17,330 17,704
Commitments and contingencies (Notes 7, 9, 11 and 14)
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 — 289 shares and 296 shares, respectively 3 3
Additional paid-in capital 4,085 4,254
Accumulated other comprehensive loss (76) (39)
Retained earnings 9,172 8,757
Treasury stock — common shares at cost; 23 shares and 16 shares, respectively (1,809) (1,444)
Total shareholders’ equity 11,375 11,531
Total liabilities and shareholders’ equity $ 28,705 $ 29,235