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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 28, 2019
Jun. 29, 2018
Jun. 30, 2017
Operating Activities      
Net income $ 949 $ 699 $ 543
Adjustments to reconcile net income to net cash provided by operating activities:      
Amortization of acquisition-related intangibles 115 117 151
Depreciation and other amortization 143 142 160
Share-based compensation 141 82 42
Qualified pension plan contributions (1) (301) (589)
Pension income (136) (135) (97)
Impairment of goodwill and other assets 0 0 240
Loss on sales of businesses, net 0 0 14
Loss on extinguishment of debt 0 24 0
(Increase) decrease in:      
Accounts receivable (9) (101) 24
Contract assets (25) (76) 156
Inventories (1) (19) (32)
Increase (decrease) in:      
Accounts payable (84) 82 18
Contract liabilities 124 81 (31)
Income taxes 22 202 111
Other (53) (46) (141)
Net cash provided by operating activities 1,185 751 569
Investing Activities      
Net additions of property, plant and equipment (161) (136) (119)
Proceeds from sales of businesses, net 0 0 1,014
Adjustment to proceeds from sale of business 0 (2) (25)
Other investing activities 2 (3) 0
Net cash provided by (used in) investing activities (159) (141) 870
Financing Activities      
Net proceeds from borrowings 27 1,387 85
Repayments of borrowings (308) (1,658) (584)
Proceeds from exercises of employee stock options 50 34 54
Repurchases of common stock (200) (272) (710)
Cash dividends (325) (272) (262)
Other financing activities (25) (24) (21)
Net cash used in financing activities (781) (805) (1,438)
Effect of exchange rate changes on cash and cash equivalents (3) (1) (4)
Net increase (decrease) in cash and cash equivalents 242 (196) (3)
Cash and cash equivalents, beginning of year 288 484 487
Cash and cash equivalents, end of year $ 530 $ 288 $ 484