XML 19 R3.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Jul. 01, 2022
Current assets:    
Cash and cash equivalents $ 2,023 $ 2,327
Accounts receivable, net 1,598 2,804
Inventories 3,698 3,638
Other current assets 567 684
Total current assets 7,886 9,453
Non-current assets:    
Property, plant and equipment, net 3,620 3,670
Notes receivable and investments in Flash Ventures 1,297 1,396
Goodwill 10,037 10,041
Other intangible assets, net 80 213
Other non-current assets 1,509 1,486
Total assets 24,429 26,259
Current liabilities:    
Accrued expenses 1,288 1,636
Income taxes payable 999 869
Accrued compensation 349 510
Current portion of long-term debt 1,213 0
Total current liabilities 5,434 5,237
Non-current liabilities:    
Long-term debt 5,857 7,022
Other liabilities 1,415 1,779
Total liabilities 12,706 14,038
Commitments and contingencies (Notes 10, 11, 14 and 17)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 1 shares in 2023 and 0 shares in 2022; aggregate liquidation preference of $933 and $0 as of June 30, 2023 and June 30, 2022, respectively 876 0
Shareholders’ equity:    
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 322 shares in 2023 and 315 shares in 2022 3 3
Additional paid-in capital 3,936 3,733
Accumulated other comprehensive loss (516) (554)
Retained earnings 7,424 9,039
Total shareholders’ equity 10,847 12,221
Total liabilities, convertible preferred stock and shareholders’ equity 24,429 26,259
Nonrelated Party    
Current liabilities:    
Accounts payable 1,293 1,902
Related Party    
Current liabilities:    
Accounts payable $ 292 $ 320