CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Oct. 01, 2021	Jul. 02, 2021
Current assets:
Cash and cash equivalents	$ 3,290	$ 3,370
Accounts receivable, net	2,446	2,257
Inventories	3,544	3,616
Other current assets	576	514
Total current assets	9,856	9,757
Non-current assets:
Property, plant and equipment, net	3,260	3,188
Notes receivable and investments in Flash Ventures	1,646	1,586
Goodwill	10,066	10,066
Other intangible assets, net	364	442
Other non-current assets	1,199	1,093
Total assets	26,391	26,132
Current liabilities:
Accounts payable	1,896	1,934
Accounts payable to related parties	378	398
Accrued expenses	1,617	1,653
Accrued compensation	567	634
Current portion of long-term debt	251	251
Total current liabilities	4,709	4,870
Non-current liabilities:
Long-term debt	8,270	8,474
Other liabilities	2,051	2,067
Total liabilities	15,030	15,411
Commitments and contingencies (Notes 9, 10, 12 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; outstanding — 311 shares and 308 shares, respectively	3	3
Additional paid-in capital	3,401	3,608
Accumulated other comprehensive loss	(167)	(197)
Retained earnings	8,149	7,539
Treasury stock — common shares at cost; 1 shares and 4 shares, respectively	(25)	(232)
Total shareholders’ equity	11,361	10,721
Total liabilities and shareholders’ equity	$ 26,391	$ 26,132
Treasury stock (in shares)	1	4