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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 27, 2024
Dec. 29, 2023
Cash flows from operating activities    
Net income (loss) $ 1,087 $ (972)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Depreciation and amortization 255 290
Stock-based compensation 161 149
Deferred income taxes 26 (68)
Gain on disposal of assets (5) (87)
Gain on business divestiture (113) 0
Asset impairment 0 95
Gain on repurchase of debt 0 (4)
Amortization of debt issuance costs and discounts 10 9
Other non-cash operating activities, net 57 (28)
Changes in:    
Accounts receivable, net (431) 75
Inventories (112) 482
Accounts payable 242 299
Accounts payable to related parties (54) (41)
Accrued expenses 109 (246)
Income taxes payable (57) (494)
Accrued compensation (76) 4
Other assets and liabilities, net (662) (181)
Net cash provided by (used in) operating activities 437 (718)
Cash flows from investing activities    
Purchases of property, plant and equipment (212) (274)
Proceeds from the sale of property, plant and equipment 4 193
Net proceeds from business divestiture 191 0
Notes receivable issuances to Flash Ventures (266) (184)
Notes receivable proceeds from Flash Ventures 182 263
Distribution from Flash Ventures 176 0
Strategic investments and other, net 3 26
Net cash provided by investing activities 78 24
Cash flows from financing activities    
Issuance of stock under employee stock plans 52 40
Taxes paid on vested stock awards under employee stock plans (80) (50)
Convertible preferred stock issuance costs 0 (5)
Purchase of capped calls 0 (155)
Repurchases of debt 0 (505)
Repayments of debt (225) (338)
Proceeds from debt 150 2,200
Debt issuance costs 0 (36)
Net cash provided by (used in) financing activities (103) 1,151
Effect of exchange rate changes on cash 0 1
Net increase in cash and cash equivalents 412 458
Cash and cash equivalents, beginning of year 1,879 2,023
Cash and cash equivalents, end of period 2,291 2,481
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 673 791
Cash paid for interest $ 177 $ 182