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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 27, 2024
Jun. 28, 2024
Current assets:    
Cash and cash equivalents $ 1,705 $ 1,879
Accounts receivable, net 2,458 2,166
Inventories 3,384 3,342
Other current assets 798 673
Assets held for sale 597 0
Total current assets 8,942 8,060
Non-current assets:    
Property, plant and equipment, net 2,917 3,167
Notes receivable and investments in Flash Ventures 1,051 991
Goodwill 9,812 10,032
Other intangible assets, net 77 78
Other non-current assets 1,972 1,860
Total assets 24,771 24,188
Current liabilities:    
Accrued expenses 1,311 1,480
Income taxes payable 448 525
Accrued compensation 542 608
Current portion of long-term debt 1,750 1,750
Liabilities held for sale 110 0
Total current liabilities 6,091 6,087
Non-current liabilities:    
Long-term debt 5,650 5,684
Other liabilities 1,158 1,370
Total liabilities 12,899 13,141
Commitments and contingencies (Notes 9, 10, 12 and 16)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 0.2 shares; aggregate liquidation preference of $261 and $257, respectively 229 229
Shareholders’ equity:    
Common stock, $0.01 par value; authorized — 750 shares; issued and outstanding — 346 shares and 343 shares, respectively 3 3
Additional paid-in capital 4,772 4,752
Accumulated other comprehensive loss (400) (712)
Retained earnings 7,268 6,775
Total shareholders’ equity 11,643 10,818
Total liabilities, convertible preferred stock and shareholders’ equity 24,771 24,188
Nonrelated Party    
Current liabilities:    
Accounts payable 1,578 1,411
Related Party    
Current liabilities:    
Accounts payable $ 352 $ 313