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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 27, 2025
Jun. 28, 2024
Jun. 30, 2023
OPERATING ACTIVITIES      
Net income (loss) $ 1,469 $ 335 $ (529)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 251 264 513
Share-based compensation 200 127 115
Net loss (gain) from debt transactions 7 7 (204)
Net gain from business divestiture 8 313 0
Deferred income taxes (8) 78 10
Other non-cash operating activities, net 137 34 (125)
Changes in operating assets and liabilities:      
Accounts receivable, net (513) 192 911
Inventories, net (201) (99) 425
Accounts payable (242) 227 (421)
Accrued employee compensation 207 6 (152)
BIS settlement penalty (60) (45) 0
Accrued expenses, income taxes and warranty (95) (138) 101
Other assets and liabilities (61) 243 298
Net cash provided by operating activities 1,083 918 942
INVESTING ACTIVITIES      
Acquisition of property, equipment and leasehold improvements (265) (254) (316)
Proceeds from the sale of assets 1 40 534
Purchases of investments 0 0 (1)
Proceeds from sale of investments 51 14 0
Proceeds from business divestiture 25 326 0
Cash used in acquisition of businesses, net of cash acquired (88) 0 0
Net cash (used in) provided by investing activities (276) 126 217
FINANCING ACTIVITIES      
Redemption and repurchase of debt (1,078) (1,288) (1,578)
Dividends to shareholders (600) (585) (582)
Repurchases of ordinary shares 0 0 (408)
Taxes paid related to net share settlement of equity awards (54) (38) (44)
Proceeds from issuance of long-term debt 400 1,500 1,600
Proceeds from issuance of ordinary shares under employee stock plans 72 66 68
Other financing activities, net (14) (128) (44)
Net cash used in financing activities (1,274) (473) (988)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 0 1 0
(Decrease) increase in cash, cash equivalents and restricted cash (467) 572 171
Cash, cash equivalents and restricted cash at the beginning of the year 1,360 788 617
Cash, cash equivalents and restricted cash at the end of the year 893 1,360 788
Supplemental Disclosure of Cash Flow Information      
Cash paid for interest 324 303 327
Cash paid for income taxes, net of refunds $ 42 $ 30 $ 32