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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 29, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 2,032 $ 2,023
Accounts receivable, net 1,451 1,598
Inventories 3,497 3,698
Other current assets 597 567
Total current assets 7,577 7,886
Non-current assets:    
Property, plant and equipment, net 3,371 3,620
Notes receivable and investments in Flash Ventures 1,245 1,297
Goodwill 10,035 10,037
Other intangible assets, net 80 80
Other non-current assets 1,693 1,509
Total assets 24,001 24,429 Close
Current liabilities:    
Accrued expenses 1,347 1,288
Income taxes payable 675 999
Accrued compensation 349 349
Current portion of long-term debt 1,850 1,213
Total current liabilities 5,792 5,434
Non-current liabilities:    
Long-term debt 5,822 5,857
Other liabilities 1,398 1,415
Total liabilities 13,012 12,706 Close
Commitments and contingencies (Notes 9, 10, 12 and 16)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 1 shares; aggregate liquidation preference of $939 and $924, respectively 876 876 Close
Shareholders’ equity:    
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 324 shares and 322 shares, respectively 3 3
Additional paid-in capital 3,970 3,936
Accumulated other comprehensive loss (599) (516)
Retained earnings 6,739 7,424
Total shareholders’ equity 10,113 10,847 Close
Total liabilities, convertible preferred stock and shareholders’ equity 24,001 24,429
Nonrelated Party    
Current liabilities:    
Accounts payable 1,294 1,293
Related Party    
Current liabilities:    
Accounts payable $ 277 $ 292