XML 20 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Oct. 03, 2025
Sep. 27, 2024
Cash flows from operating activities    
Net income $ 1,182 $ 493
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 88 135
Stock-based compensation 53 84
Deferred income taxes 55 54
Gain on retained interest in Sandisk (611) 0
Other non-cash operating activities, net 4 21
Changes in:    
Accounts receivable, net 131 (292)
Inventories (101) (76)
Accounts payable 248 216
Accounts payable to related parties 0 39
Accrued expenses (21) (153)
Accrued compensation 6 (50)
Income taxes payable (503) (77)
Other assets and liabilities, net 141 (360)
Net cash provided by operating activities 672 34
Cash flows from investing activities    
Purchases of property, plant and equipment (73) (96)
Proceeds from the sale of property, plant and equipment 0 1
Notes receivable issuances to Flash Ventures 0 (14)
Notes receivable proceeds from Flash Ventures 0 61
Strategic investments and other, net 16 3
Net cash used in investing activities (57) (45)
Cash flows from financing activities    
Taxes paid on vested stock awards under employee stock plans (55) (64)
Repurchases of common stock (553) 0
Dividends paid to common shareholders (34) 0
Dividends paid to preferred shareholders (5) 0
Repayments of debt (31) (188)
Proceeds from debt 0 150
Net cash used in financing activities (678) (102)
Effect of exchange rate changes on cash (3) 10
Cash and cash equivalents reclassified to assets held for sale 0 (71)
Net decrease in cash and cash equivalents (66) (174)
Cash and cash equivalents, beginning of period 2,114 1,879
Cash and cash equivalents, end of period 2,048 1,705
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 446 479
Cash paid for interest $ 50 $ 115