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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 29, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,894 $ 2,023
Accounts receivable, net 1,800 1,598
Inventories 3,215 3,698
Other current assets 623 567
Total current assets 7,532 7,886
Non-current assets:    
Property, plant and equipment, net 3,253 3,620
Notes receivable and investments in Flash Ventures 1,099 1,410
Goodwill 10,034 10,037
Other intangible assets, net 78 80
Other non-current assets 1,805 1,513
Total assets 23,801 24,546 CloseClose
Current liabilities:    
Accrued expenses 972 1,288
Income taxes payable 476 999
Accrued compensation 445 349
Current portion of long-term debt 450 1,213
Total current liabilities 4,053 5,434
Non-current liabilities:    
Long-term debt 7,318 5,857
Other liabilities 1,433 1,415
Total liabilities 12,804 12,706 CloseClose
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 $968 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 4,018 3,936
Accumulated other comprehensive loss (636) (548)
Retained earnings 6,736 7,573
Total shareholders’ equity 10,121 10,964 CloseClose
Total liabilities, convertible preferred stock and shareholders’ equity 23,801 24,546
Nonrelated Party    
Current liabilities:    
Accounts payable 1,400 1,293
Related Party    
Current liabilities:    
Accounts payable $ 310 $ 292