Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 28, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 1,879	$ 2,023
Accounts receivable, net	2,166	1,598
Inventories	3,342	3,698
Other current assets	673	567
Total current assets	8,060	7,886
Non-current assets:
Property, plant and equipment, net	3,167	3,620
Notes receivable and investments in Flash Ventures	991	1,410
Goodwill	10,032	10,037
Other intangible assets, net	78	80
Other non-current assets	1,860	1,513
Total assets	24,188	24,546
Current liabilities:
Accrued expenses	1,480	1,288
Income taxes payable	525	999
Accrued compensation	608	349
Current portion of long-term debt	1,750	1,213
Total current liabilities	6,087	5,434
Non-current liabilities:
Long-term debt	5,684	5,857
Other liabilities	1,370	1,415
Total liabilities	13,141	12,706
Commitments and contingencies (Notes 9, 10, 13 and 17)
Convertible preferred stock, $0.01 par value; authorized — 5 shares; issued and outstanding — 0.2 shares in 2024 and 0.9 shares in 2023; aggregate liquidation preference of $257 and $924 as of June 28, 2024 and June 30, 2023, respectively	229	876
Shareholders’ equity:
Common stock, $0.01 par value; authorized — 750 shares in 2024 and 450 shares in 2023; issued and outstanding — 343 shares in 2024 and 322 shares in 2023	3	3
Additional paid-in capital	4,752	3,936
Accumulated other comprehensive loss	(712)	(548)
Retained earnings	6,775	7,573
Total shareholders’ equity	10,818	10,964
Total liabilities, convertible preferred stock and shareholders’ equity	$ 24,188	$ 24,546
Common stock, authorized (in shares)	750,000,000	450,000,000
Nonrelated Party
Current liabilities:
Accounts payable	$ 1,411	$ 1,293
Related Party
Current liabilities:
Accounts payable	$ 313	$ 292

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-2