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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 29, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income (loss) $ (178) $ (437)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 201 409
Share-based compensation 89 93
Deferred income taxes 64 4
Other non-cash operating activities, net 4 15
Changes in operating assets and liabilities:    
Accounts receivable, net 289 538
Inventories, net (51) 365
Accounts payable 108 (327)
Accrued employee compensation (25) (168)
BIS settlement penalty (30) 0
Accrued expenses, income taxes and warranty (20) 69
Other assets and liabilities 26 370
Net cash provided by operating activities 484 724
INVESTING ACTIVITIES    
Acquisition of property, equipment and leasehold improvements (200) (266)
Proceeds from the sale of assets 38 15
Purchases of investments 0 (1)
Proceeds from sale of investments 5 0
Net cash used in investing activities (157) (252)
FINANCING ACTIVITIES    
Redemption and repurchase of debt (1,288) (71)
Dividends to shareholders (438) (437)
Repurchases of ordinary shares 0 (408)
Taxes paid related to net share settlement of equity awards (31) (41)
Proceeds from issuance of long-term debt 1,500 600
Proceeds from issuance of ordinary shares under employee stock plans 66 59
Other financing activities, net (128) (23)
Net cash used in financing activities (319) (321)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 1 0
Increase in cash, cash equivalents and restricted cash 9 151
Cash, cash equivalents and restricted cash at the beginning of the period 788 617
Cash, cash equivalents and restricted cash at the end of the period 797 768
Gain (loss) on repurchase of debt instrument $ 7 $ (207)