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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 02, 2021
Apr. 03, 2020
Cash flows from operating activities    
Net income (loss) $ 199 $ (398)
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization 961 1,189
Stock-based compensation 239 232
Deferred income taxes (41) (53)
Gain on disposal of assets (65) (9)
Amortization of debt discounts 30 30
Other non-cash operating activities, net (26) (8)
Changes in:    
Accounts receivable, net 474 (774)
Inventories (613) 179
Accounts payable (139) 131
Accounts payable to related parties (10) 66
Accrued expenses 251 331
Accrued compensation 22 87
Other assets and liabilities, net (378) (351)
Net cash provided by operating activities 904 652
Cash flows from investing activities    
Purchases of property, plant and equipment (820) (432)
Proceeds from the sale of property, plant and equipment 121 0
Acquisitions, net of cash acquired 0 (22)
Notes receivable issuances to Flash Ventures (490) (353)
Notes receivable proceeds from Flash Ventures 619 980
Strategic investments and other, net 8 19
Net cash provided by (used in) investing activities (562) 192
Cash flows from financing activities    
Issuance of stock under employee stock plans 71 79
Taxes paid on vested stock awards under employee stock plans (51) (69)
Dividends paid to shareholders 0 (445)
Repayment of debt (673) (919)
Other (9) 0
Net cash used in financing activities (662) (1,354)
Effect of exchange rate changes on cash 6 (2)
Net decrease in cash and cash equivalents (314) (512)
Cash and cash equivalents, beginning of year 3,048 3,455
Cash and cash equivalents, end of period 2,734 2,943
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 301 303
Cash paid for interest $ 245 $ 327