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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 03, 2026
Mar. 28, 2025
Cash flows from operating activities    
Net income $ 6,229 $ 1,607
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 276 365
Stock-based compensation 159 220
Deferred income taxes 131 (682)
Gain on business divestiture 0 (113)
(Gain) loss on retained interest in Sandisk (4,448) 606
Costs in connection with debt-for-equity exchange 545 0
Other non-cash operating activities, net 16 93
Changes in:    
Accounts receivable, net (408) 96
Inventories (64) (429)
Accounts payable 289 302
Accrued expenses 29 (316)
Accrued compensation 94 (131)
Income taxes payable (598) (80)
Other assets and liabilities, net 290 (593)
Net cash provided by operating activities 2,540 945
Cash flows from investing activities    
Purchases of property, plant and equipment (310) (341)
Proceeds from the sale of property, plant and equipment 0 5
Net proceeds from business divestiture 0 401
Notes receivable issuances to Flash Ventures 0 (266)
Notes receivable proceeds from Flash Ventures 0 239
Distribution from Flash Ventures 0 175
Strategic investments and other, net (8) 7
Net cash provided by (used in) investing activities (318) 220
Cash flows from financing activities    
Issuance of stock under employee stock plans 32 69
Taxes paid on vested stock awards under employee stock plans (197) (92)
Repurchases of common stock (1,920) 0
Dividends paid to common shareholders (120) 0
Dividends paid to preferred shareholders (10) 0
Repayments of debt (1,564) (257)
Proceeds from debt 1,496 2,150
Debt issuance costs 0 (74)
Cash transferred to Sandisk related to Separation 0 (1,366)
Net cash provided by (used in) financing activities (2,283) 430
Effect of exchange rate changes on cash (3) 3
Net increase (decrease) in cash and cash equivalents (64) 1,598
Cash and cash equivalents, beginning of period 2,114 1,879
Cash and cash equivalents, end of period 2,050 3,477
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 636 762
Cash paid for interest $ 144 $ 295