v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2026
Jun. 27, 2025
Current assets:    
Cash and cash equivalents $ 1,579 $ 2,114
Accounts receivable, net 2,026 1,486
Inventories 1,511 1,291
Retained interest in Sandisk 0 354
Other current assets 518 611
Total current assets 5,634 5,856
Non-current assets:    
Property, plant and equipment, net 2,476 2,343
Goodwill 4,321 4,319
Other non-current assets 1,430 1,484
Total assets 13,861 14,002
Current liabilities:    
Accounts payable 1,774 1,266
Accrued expenses 690 719
Income taxes payable 173 800
Accrued compensation 551 407
Current portion of long-term debt 1,052 2,226
Total current liabilities 4,240 5,418
Non-current liabilities:    
Long-term debt 0 2,485
Other liabilities 757 559
Total liabilities 4,997 8,462
Commitments and contingencies (Notes 8, 9 and 16)
Convertible preferred stock 0 229
Shareholders’ equity:    
Common stock 4 3
Additional paid-in capital 961 4,621
Accumulated other comprehensive income 23 20
Retained earnings 9,998 762
Treasury stock (2,122) (95)
Total shareholders’ equity 8,864 5,311
Total liabilities, convertible preferred stock and shareholders’ equity $ 13,861 $ 14,002