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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 03, 2020
Jun. 28, 2019
Jun. 29, 2018
Cash flows from operating activities      
Net income (loss) $ (250) $ (754) $ 675
Adjustments to reconcile net income (loss) to net cash provided by operations:      
Depreciation and amortization 1,566 1,812 2,056
Stock-based compensation 308 306 377
Deferred income taxes (82) 374 (348)
Loss (gain) on disposal of assets (7) 39 21
Non-cash portion of employee termination, asset impairment and other charges 0 0 16
Amortization of debt discounts 40 38 221
Cash premium on extinguishment of debt 0 0 720
Other non-cash operating activities, net 6 (8) (19)
Changes in:      
Accounts receivable, net (1,175) 993 (244)
Inventories 200 (339) (598)
Accounts payable 192 (588) (15)
Accounts payable to related parties 75 72 53
Accrued expenses 184 (42) (17)
Accrued compensation 124 (135) (26)
Other assets and liabilities, net (357) (221) 1,333
Net cash provided by operating activities 824 1,547 4,205
Cash flows from investing activities      
Purchases of property, plant and equipment (647) (876) (835)
Proceeds from the sale of property, plant and equipment 0 119 26
Acquisitions, net of cash acquired (22) 0 (100)
Purchases of investments 0 (79) (89)
Proceeds from sale of investments 0 175 48
Proceeds from maturities of investments 0 7 19
Notes receivable issuances to Flash Ventures (353) (1,364) (1,313)
Notes receivable proceeds from Flash Ventures 1,284 766 571
Strategic investments and other, net 16 (20) 18
Net cash provided by (used in) investing activities 278 (1,272) (1,655)
Cash flows from financing activities      
Issuance of stock under employee stock plans 141 118 220
Taxes paid on vested stock awards under employee stock plans (72) (115) (171)
Repurchases of common stock 0 (563) (591)
Dividends paid to shareholders (595) (584) (593)
Settlement of debt hedge contracts 0 0 28
Repayment of debt (982) (181) (17,074)
Proceeds from debt 0 0 13,840
Borrowings from (repayment of) revolving credit facility 0 (500) 500
Debt issuance costs 0 (4) (59)
Net cash used in financing activities (1,508) (1,829) (3,900)
Effect of exchange rate changes on cash (1) 4 1
Net decrease in cash and cash equivalents (407) (1,550) (1,349)
Cash and cash equivalents, beginning of year 3,455 5,005 6,354
Cash and cash equivalents, end of year 3,048 3,455 5,005
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 341 377 220
Cash paid for interest $ 372 $ 431 $ 708