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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 30, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income (loss) $ (419) $ 1,174
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 430 492
Stock-based compensation 172 163
Deferred income taxes 25 38
Loss on disposal of assets 1 1
Non-cash portion of asset impairment 15 0
Amortization of debt issuance costs and discounts 5 21
Other non-cash operating activities, net 69 13
Changes in:    
Accounts receivable, net 899 (486)
Inventories (135) (30)
Accounts payable (521) 96
Accounts payable to related parties 49 (9)
Accrued expenses (226) 81
Income taxes payable 156 (34)
Accrued compensation (162) (66)
Other assets and liabilities, net (317) (267)
Net cash provided by operating activities 41 1,187
Cash flows from investing activities    
Purchases of property, plant and equipment (578) (551)
Proceeds from the sale of property, plant and equipment 0 12
Proceeds from dispositions of business 7 0
Notes receivable issuances to Flash Ventures (235) (337)
Notes receivable proceeds from Flash Ventures 317 320
Strategic investments and other, net 7 (13)
Net cash used in investing activities (482) (569)
Cash flows from financing activities    
Issuance of stock under employee stock plans 48 60
Taxes paid on vested stock awards under employee stock plans (55) (80)
Repayment of debt 0 (2,425)
Proceeds from debt 0 998
Repayments of revolving credit facility (1,180) 0
Proceeds from revolving credit facility 1,180 0
Debt issuance costs (5) (9)
Net cash used in financing activities (12) (1,456)
Effect of exchange rate changes on cash (3) (1)
Net decrease in cash and cash equivalents (456) (839)
Cash and cash equivalents, beginning of year 2,327 3,370
Cash and cash equivalents, end of period 1,871 2,531
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 192 312
Cash paid for interest $ 138 $ 129