XML 16 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 01, 2016
Jul. 03, 2015
Jun. 27, 2014
Income Statement [Abstract]      
Revenue, net [1] $ 12,994 $ 14,572 $ 15,130
Cost of revenue 9,559 10,351 10,770
Gross profit 3,435 4,221 4,360
Operating expenses:      
Research and development 1,627 1,646 1,661
Selling, general and administrative 997 788 813
Employee termination, asset impairment and other charges 345 176 95
Total operating expenses 2,969 2,610 2,569
Operating income 466 1,611 1,791
Other income (expense):      
Interest income 26 14 15
Interest expense (266) (49) (56)
Other income (expense), net (73) 1 2
Total other expense, net (313) (34) (39)
Income before income taxes 153 1,577 1,752
Income tax expense (benefit) (89) 112 135
Net income (loss) $ 242 $ 1,465 $ 1,617
Income per common share:      
Basic (in dollars per share) $ 1.01 $ 6.31 $ 6.88
Diluted (in dollars per share) $ 1.00 $ 6.18 $ 6.68
Weighted average shares outstanding:      
Basic (in shares) 239 232 235
Diluted (in shares) 242 237 242
Cash dividends declared per share $ 2.00 $ 1.80 $ 1.25
[1] Net revenue is attributed to geographic regions based on the ship-to location of the customer. License and royalty revenue is attributed to countries based upon the location of the headquarters of the licensee.