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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 03, 2020
Jun. 28, 2019
Current assets:    
Cash and cash equivalents $ 3,137 $ 3,455
Accounts receivable, net 1,791 1,204
Inventories 3,122 3,283
Other current assets 577 535
Total current assets 8,627 8,477
Non-current assets:    
Property, plant and equipment, net 2,722 2,843
Notes receivable and investments in Flash Ventures 2,321 2,791
Goodwill 10,069 10,076
Other intangible assets, net 1,311 1,711
Other non-current assets 810 472
Total assets 25,860 26,370
Current liabilities:    
Accounts payable 1,736 1,567
Accounts payable to related parties 364 331
Accrued expenses 1,559 1,296
Accrued compensation 537 347
Current portion of long-term debt 286 276
Total current liabilities 4,482 3,817
Non-current liabilities:    
Long-term debt 9,547 10,246
Other liabilities 2,452 2,340
Total liabilities 16,481 16,403
Commitments and contingencies (Notes 9, 10, 12 and 15)
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 — 299 shares and 295 shares, respectively 3 3
Additional paid-in capital 3,731 3,851
Accumulated other comprehensive loss (110) (68)
Retained earnings 6,717 7,449
Treasury stock — common shares at cost; 13 shares and 17 shares, respectively (962) (1,268)
Total shareholders’ equity 9,379 9,967
Total liabilities and shareholders’ equity $ 25,860 $ 26,370