Table 2: Condensed consolidated balance sheet (unaudited)
($ in millions) | As of | |||||||||
June 28, 2020 | March 29, 2020 | June 30, 2019 | ||||||||
ASSETS | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | $ | 3,266 | $ | 1,079 | 3,030 | |||||
Accounts receivable, net | 481 | 616 | 780 | |||||||
Assets held for sale | — | — | 81 | |||||||
Inventories, net | 1,228 | 1,227 | 1,144 | |||||||
Other current assets | 240 | 327 | 396 | |||||||
Total current assets | 5,215 | 3,249 | 5,431 | |||||||
Non-current assets: | ||||||||||
Other non-current assets | 760 | 712 | 706 | |||||||
Property, plant and equipment, net | 2,312 | 2,397 | 2,397 | |||||||
Identified intangible assets, net | 2,824 | 3,218 | 3,737 | |||||||
Goodwill | 9,946 | 9,935 | 8,788 | |||||||
Total non-current assets | 15,842 | 16,262 | 15,628 | |||||||
Total assets | 21,057 | 19,511 | 21,059 | |||||||
LIABILITIES AND EQUITY | ||||||||||
Current liabilities: | ||||||||||
Accounts payable | 729 | 895 | 770 | |||||||
Restructuring liabilities-current | 25 | 26 | 53 | |||||||
Other current liabilities | 889 | 910 | 983 | |||||||
Short-term debt | 1,349 | — | 1,177 | |||||||
Total current liabilities | 2,992 | 1,831 | 2,983 | |||||||
Non-current liabilities: | ||||||||||
Long-term debt | 8,004 | 7,366 | 7,361 | |||||||
Deferred tax liabilities | 136 | 199 | 337 | |||||||
Other non-current liabilities | 870 | 857 | 858 | |||||||
Total non-current liabilities | 9,010 | 8,422 | 8,556 | |||||||
Non-controlling interests | 193 | 222 | 195 | |||||||
Stockholders’ equity | 8,862 | 9,036 | 9,325 | |||||||
Total equity | 9,055 | 9,258 | 9,520 | |||||||
Total liabilities and equity | 21,057 | 19,511 | 21,059 | |||||||