CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jan. 01, 2021	Jul. 03, 2020
Current assets:
Cash and cash equivalents	$ 2,956	$ 3,048
Accounts receivable, net	1,833	2,379
Inventories	3,576	3,070
Other current assets	744	551
Total current assets	9,109	9,048
Non-current assets:
Property, plant and equipment, net	2,918	2,854
Notes receivable and investments in Flash Ventures	1,858	1,875
Goodwill	10,071	10,067
Other intangible assets, net	596	941
Other non-current assets	1,000	877
Total assets	25,552	25,662
Current liabilities:
Accounts payable	1,939	1,945
Accounts payable to related parties	393	407
Accrued expenses	1,420	1,296
Accrued compensation	523	472
Current portion of long-term debt	251	286
Total current liabilities	4,526	4,406
Non-current liabilities:
Long-term debt	8,882	9,289
Other liabilities	2,315	2,416
Total liabilities	15,723	16,111
Commitments and Contingencies
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 — 306 shares and 302 shares, respectively	3	3
Additional paid-in capital	3,546	3,717
Accumulated other comprehensive income (loss)	(50)	(157)
Retained earnings	6,720	6,725
Treasury stock — common shares at cost; 6 shares and 10 shares, respectively	(390)	(737)
Total shareholders’ equity	9,829	9,551
Total liabilities and shareholders’ equity	$ 25,552	$ 25,662

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).