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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 29, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income (loss) $ (685) $ 27
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Depreciation and amortization 147 216
Stock-based compensation 77 86
Deferred income taxes (46) (42)
Loss (Gain) on disposal of assets (87) 1
Non-cash portion of asset impairment 95 0
Amortization of debt issuance costs and discounts 4 3
Other non-cash operating activities, net 1 44
Changes in:    
Accounts receivable, net 147 382
Inventories 201 (224)
Accounts payable 25 (125)
Accounts payable to related parties (15) (25)
Accrued expenses 63 (44)
Income taxes payable (325) 117
Accrued compensation 1 (104)
Other assets and liabilities, net (229) (306)
Net cash provided by (used in) operating activities (626) 6 Close
Cash flows from investing activities    
Purchases of property, plant and equipment (124) (320)
Proceeds from the sale of property, plant and equipment 193 0
Notes receivable issuances to Flash Ventures (121) (84)
Notes receivable proceeds from Flash Ventures 134 183
Strategic investments and other, net 2 (3)
Net cash provided by (used in) investing activities 84 (224) Close
Cash flows from financing activities    
Taxes paid on vested stock awards under employee stock plans (43) (50)
Net proceeds from convertible preferred stock (3) 0
Repayments of debt 0 (300)
Proceeds from debt 600 300
Net cash provided by (used in) financing activities 554 (50) Close
Effect of exchange rate changes on cash (3) (10) Close
Net increase (decrease) in cash and cash equivalents 9 (278) Close
Cash and cash equivalents, beginning of year 2,023 2,327
Cash and cash equivalents, end of period 2,032 2,049
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 545 134
Cash paid for interest $ 127 $ 106