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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Cash flows from operating activities    
Net loss $ (972) $ (404)
Adjustments to reconcile net loss to net cash provided by (used in) operations:    
Depreciation and amortization 290 430
Stock-based compensation 149 172
Deferred income taxes (68) 21
Loss (Gain) on disposal of assets (87) 1
Non-cash portion of asset impairment 95 15
Gain on repurchases of debt (4) 0
Amortization of debt issuance costs and discounts 9 5
Other non-cash operating activities, net (28) 56
Changes in:    
Accounts receivable, net 75 899
Inventories 482 (135)
Accounts payable 299 (521)
Accounts payable to related parties (41) 49
Accrued expenses (246) (226)
Income taxes payable (494) 156
Accrued compensation 4 (162)
Other assets and liabilities, net (181) (315)
Net cash provided by (used in) operating activities (718) 41 Close
Cash flows from investing activities    
Purchases of property, plant and equipment (274) (578)
Proceeds from the sale of property, plant and equipment 193 0
Proceeds from dispositions of business 0 7
Notes receivable issuances to Flash Ventures (184) (235)
Notes receivable proceeds from Flash Ventures 263 317
Strategic investments and other, net 26 7
Net cash provided by (used in) investing activities 24 (482) Close
Cash flows from financing activities    
Issuance of stock under employee stock plans 40 48
Taxes paid on vested stock awards under employee stock plans (50) (55)
Net proceeds from convertible preferred stock (5) 0
Purchase of capped calls (155) 0
Repurchases of debt (505) 0
Repayments of debt (338) (1,180)
Proceeds from debt 2,200 1,180
Debt issuance costs (36) (5)
Net cash provided by (used in) financing activities 1,151 (12) Close
Effect of exchange rate changes on cash 1 (3) Close
Net increase (decrease) in cash and cash equivalents 458 (456) Close
Cash and cash equivalents, beginning of year 2,023 2,327
Cash and cash equivalents, end of period 2,481 1,871
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 791 192
Cash paid for interest $ 182 $ 138