Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 02, 2021	Jul. 03, 2020
Current assets:
Cash and cash equivalents	$ 3,370	$ 3,048
Accounts receivable, net	2,257	2,379
Inventories	3,616	3,070
Other current assets	514	551
Total current assets	9,757	9,048
Non-current assets:
Property, plant and equipment, net	3,188	2,854
Notes receivable and investments in Flash Ventures	1,586	1,875
Goodwill	10,066	10,067
Other intangible assets, net	442	941
Other non-current assets	1,093	877
Total assets	26,132	25,662
Current liabilities:
Accounts payable	1,934	1,945
Accounts payable to related parties	398	407
Accrued expenses	1,653	1,296
Accrued compensation	634	472
Current portion of long-term debt	251	286
Total current liabilities	4,870	4,406
Non-current liabilities:
Long-term debt	8,474	9,289
Other liabilities	2,067	2,416
Total liabilities	15,411	16,111
Commitments and contingencies (Notes 9, 10, 14 and 17)
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 2021 and 2020; outstanding — 308 shares in 2021 and 302 shares in 2020	3	3
Additional paid-in capital	3,608	3,717
Accumulated other comprehensive loss	(197)	(157)
Retained earnings	7,539	6,725
Treasury stock — common shares at cost; 4 shares in 2021 and 10 shares in 2020	(232)	(737)
Total shareholders’ equity	10,721	9,551
Total liabilities and shareholders’ equity	$ 26,132	$ 25,662