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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 01, 2016
Apr. 03, 2015
Cash flows from operating activities    
Net income $ 608 $ 1,245
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 734 864
Stock-based Compensation 121 117
Deferred income taxes (17) 9
Gain from insurance recovery 0 (37)
Loss on disposal of assets 13 14
Non-cash portion of employee termination benefits, asset impairment and other charges 36 12
Changes in:    
Accounts receivable, net 278 294
Inventories 138 (96)
Accounts payable (301) 8
Accrued arbitration award 0 (758)
Accrued expenses 137 83
Accrued compensation (68) (63)
Other assets and liabilities (51) 62
Net cash provided by operating activities 1,628 1,754
Cash flows from investing activities    
Purchases of property, plant and equipment (433) (456)
Proceeds from Sale of Property, Plant, and Equipment 0 7
Proceeds from Sale and Maturity of Other Investments 907 665
Purchases of investments (462) (687)
Acquisitions, net of cash acquired 0 (247)
Proceeds from (Payments for) Other Investing Activities (23) 6
Net cash used in investing activities (11) (712)
Cash flows from financing activities    
Issuance of stock under employee stock plans 64 146
Taxes paid on vested stock awards under employee stock plans (45) (61)
Excess tax benefits from employee stock plans (2) 27
Repurchases of common stock (60) (772)
Dividends to shareholders (347) (280)
Repayment of revolving credit facility (255) 0
Repayment of long-term debt (109) (94)
Net cash provided by (used in) financing activities (754) (1,034)
Net increase (decrease) in cash and cash equivalents 863 8
Cash and cash equivalents, beginning of period 5,024 4,804
Cash and cash equivalents, end of period 5,887 4,812
Supplemental disclosure of cash flow information:    
Cash paid (received) for income taxes 38 39
Cash paid for interest 33 33
Supplemental disclosure of non-cash financing activities:    
Accrual of cash dividend declared $ 116 $ 116