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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Apr. 03, 2026
Mar. 28, 2025
Cash flows from operating activities    
Net income (loss) $ 4,530,000,000 $ (1,618,000,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Depreciation and amortization 112,000,000 127,000,000
Stock-based compensation 165,000,000 133,000,000
Goodwill impairment 0 1,830,000,000
Deferred income taxes (42,000,000) 7,000,000
(Gain) loss on disposal of assets 1,000,000 (1,000,000)
Impairment of cost method investments 5,000,000 1,000,000
Unrealized foreign exchange (gain) loss 39,000,000 (6,000,000)
(Gain) loss on business divestiture 10,000,000 (34,000,000)
Loss on debt extinguishment 46,000,000 0
Amortization of debt issuance costs and discounts 6,000,000 1,000,000
Equity loss in investees, net of dividends received 58,000,000 68,000,000
Gain on sale of investments (9,000,000) 0
Other non-cash operating activities, net 20,000,000 17,000,000
Settlement of accrued interest on Notes due to Western Digital Corporation 0 (99,000,000)
Changes in:    
Accounts receivable, net (1,658,000,000) (11,000,000)
Inventories (159,000,000) (241,000,000)
Accounts payable 36,000,000 99,000,000
Accounts payable to related parties 35,000,000 (28,000,000)
Contract liabilities 486,000,000 0
Accrued expenses (21,000,000) 3,000,000
Income taxes payable 640,000,000 0
Accrued compensation 156,000,000 (38,000,000)
Other assets and liabilities, net 89,000,000 (220,000,000)
Net cash provided by (used in) operating activities 4,545,000,000 (10,000,000)
Cash flows from investing activities    
Purchases of property, plant and equipment (134,000,000) (159,000,000)
Proceeds from dispositions of business 25,000,000 401,000,000
Notes receivable issuances to Flash Ventures (339,000,000) (274,000,000)
Notes receivable proceeds from Flash Ventures 174,000,000 428,000,000
Distributions from Flash Ventures 0 176,000,000
Strategic investments and other, net 11,000,000 1,000,000
Net cash provided by (used in) investing activities (263,000,000) 573,000,000
Cash flows from financing activities    
Issuance of stock under employee stock plans 24,000,000 0
Taxes paid on vested stock awards under employee stock plans (149,000,000) (6,000,000)
Proceeds from debt 0 1,970,000,000
Repayment of debt (1,900,000,000) 0
Debt issuance costs 0 (32,000,000)
Proceeds from borrowings on Notes due to Western Digital Corporation 0 550,000,000
Proceeds from principal repayments on Notes due from Western Digital Corporation 0 101,000,000
Repayments of principal on Notes due to Western Digital Corporation 0 (76,000,000)
Transfers to Western Digital Corporation 0 (1,887,000,000)
Net cash provided by (used in) financing activities (2,025,000,000) 620,000,000
Effect of exchange rate changes on cash (3,000,000) (4,000,000)
Net increase in cash and cash equivalents 2,254,000,000 1,179,000,000
Cash and cash equivalents, beginning of year 1,481,000,000 328,000,000
Cash and cash equivalents, end of period 3,735,000,000 1,507,000,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 111,000,000 102,000,000
Cash received for interest 40,000,000 2,000,000
Cash paid for income taxes 117,000,000 10,000,000
Notes due to (from) Western Digital Corporation 0 1,223,000,000
Other assets and liabilities, net, from Western Digital Corporation 0 105,000,000
Contribution of equity interest in Unis Venture from Western Digital Corporation 0 61,000,000
Property, plant and equipment from Western Digital Corporation 0 27,000,000
Tax balances to Western Digital Corporation 0 8,000,000
Tax indemnification liability to Western Digital Corporation $ 0 $ (112,000,000)