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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2021
Jan. 01, 2021
Cash flows from operating activities    
Net income $ 1,174 $ 2
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 492 710
Stock-based compensation expense 163 156
Deferred income taxes 38 (5)
Loss on disposal of assets 1 1
Amortization of debt discounts 21 20
Other non-cash operating activities, net 13 (18)
Changes in:    
Accounts receivable, net (486) 546
Inventories (30) (505)
Accounts payable 96 70
Accounts payable to related parties (9) (13)
Accrued expenses 47 78
Accrued compensation (66) 51
Other assets and liabilities, net (267) (305)
Net cash provided by operating activities 1,187 788
Cash flows from investing activities    
Purchases of property, plant and equipment (551) (576)
Proceeds from the sale of property, plant and equipment 12 39
Notes receivable issuances to Flash Ventures (337) (252)
Notes receivable proceeds from Flash Ventures 320 346
Strategic investments and other, net (13) 7
Net cash used in investing activities (569) (436)
Cash flows from financing activities    
Issuance of stock under employee stock plans 60 63
Taxes paid on vested stock awards under employee stock plans (80) (43)
Repayment of debt (2,425) (461)
Proceeds from debt 998 0
Debt issuance costs (9) 0
Other 0 (9)
Net cash used in financing activities (1,456) (450)
Effect of exchange rate changes on cash (1) 6
Net decrease in cash and cash equivalents (839) (92)
Cash and cash equivalents, beginning of year 3,370 3,048
Cash and cash equivalents, end of period 2,531 2,956
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 312 251
Cash paid for interest $ 129 $ 144