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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2022
Oct. 01, 2021
Cash flows from operating activities    
Net income $ 27 $ 610
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 216 250
Stock-based compensation 86 76
Deferred income taxes (42) 27
Gain on disposal of assets 1 0
Amortization of debt issuance costs and discounts 3 10
Other non-cash operating activities, net 44 (12)
Changes in:    
Accounts receivable, net 382 (188)
Inventories (224) 73
Accounts payable (125) (41)
Accounts payable to related parties (25) (20)
Accrued expenses (44) (1)
Income taxes payable 117 (35)
Accrued compensation (104) (67)
Other assets and liabilities, net (306) (161)
Net cash provided by operating activities 6 521
Cash flows from investing activities    
Purchases of property, plant and equipment (320) (245)
Notes receivable issuances to Flash Ventures (84) (165)
Notes receivable proceeds from Flash Ventures 183 113
Strategic investments and other, net (3) (15)
Net cash used in investing activities (224) (312)
Cash flows from financing activities    
Issuance of stock under employee stock plans 0 2
Taxes paid on vested stock awards under employee stock plans (50) (78)
Repayment of debt 0 (213)
Repayments of revolving credit facility (300) 0
Proceeds from revolving credit facility 300 0
Net cash used in financing activities (50) (289)
Effect of exchange rate changes on cash (10) 0
Net decrease in cash and cash equivalents (278) (80)
Cash and cash equivalents, beginning of year 2,327 3,370
Cash and cash equivalents, end of period 2,049 3,290
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 134 221
Cash paid for interest $ 106 $ 99