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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 29, 2023
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 2,481 $ 2,023
Accounts receivable, net 1,523 1,598
Inventories 3,216 3,698
Other current assets 618 567
Total current assets 7,838 7,886
Non-current assets:    
Property, plant and equipment, net 3,315 3,620
Notes receivable and investments in Flash Ventures 1,344 1,410
Goodwill 10,037 10,037
Other intangible assets, net 79 80
Other non-current assets 1,772 1,513
Total assets 24,385 24,546 Close
Current liabilities:    
Accrued expenses 1,037 1,288
Income taxes payable 506 999
Accrued compensation 353 349
Current portion of long-term debt 1,042 1,213
Total current liabilities 4,693 5,434
Non-current liabilities:    
Long-term debt 7,351 5,857
Other liabilities 1,397 1,415
Total liabilities 13,441 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 $953 and $924, respectively 876 876 Close
Shareholders’ equity:    
Common stock, $0.01 par value; authorized — 450 shares; issued and outstanding — 326 shares and 322 shares, respectively 3 3
Additional paid-in capital 3,957 3,936
Accumulated other comprehensive loss (493) (548)
Retained earnings 6,601 7,573
Total shareholders’ equity 10,068 10,964 Close
Total liabilities, convertible preferred stock and shareholders’ equity 24,385 24,546
Nonrelated Party    
Current liabilities:    
Accounts payable 1,504 1,293
Related Party    
Current liabilities:    
Accounts payable $ 251 $ 292