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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Cash flows from operating activities    
Net Income (Loss) $ (1,618,000,000) $ (792,000,000)
Adjustments to reconcile net loss to net cash used in operations:    
Depreciation and amortization 127,000,000 170,000,000
Stock-based compensation 133,000,000 115,000,000
Goodwill impairment 1,830,000,000 0
Deferred income taxes 7,000,000 3,000,000
Gain on disposal of assets (1,000,000) (60,000,000)
Non-cash portion of impairment of cost method investments 1,000,000 0
Unrealized foreign exchange (gain) loss (6,000,000) 12,000,000
Gain on business divestiture (34,000,000) 0
Amortization of debt issuance costs and discounts 1,000,000 0
Equity loss in investees, net of dividends received 68,000,000 11,000,000
Gain on sale of investments 0 (1,000,000)
Other non-cash operating activities, net 17,000,000 96,000,000
Settlement of accrued interest on Notes due to Western Digital Corporation (99,000,000) 0
Changes in:    
Accounts receivable, net (11,000,000) (275,000,000)
Inventories (241,000,000) 539,000,000
Accounts payable 99,000,000 80,000,000
Accounts payable to related parties (28,000,000) 18,000,000
Accrued expenses 3,000,000 (96,000,000)
Accrued compensation (38,000,000) 43,000,000
Other assets and liabilities, net (220,000,000) (42,000,000)
Net cash used in operating activities (10,000,000) (179,000,000)
Cash flows from investing activities    
Purchases of property, plant and equipment (159,000,000) (128,000,000)
Proceeds from the sale of property, plant and equipment 0 134,000,000
Proceeds from dispositions of business 401,000,000 0
Notes receivable issuances to Flash Ventures (274,000,000) (184,000,000)
Notes receivable proceeds from Flash Ventures 428,000,000 391,000,000
Distributions from Flash Ventures 176,000,000 0
Strategic investments and other, net 1,000,000 0
Net cash provided by investing activities 573,000,000 213,000,000
Cash flows from financing activities    
Taxes paid on vested stock awards under employee stock plans (6,000,000) 0
Proceeds from debt 1,970,000,000 0
Debt issuance costs (32,000,000) 0
Proceeds from borrowings on Notes due to Western Digital Corporation 550,000,000 0
Proceeds from principal repayments on Notes due from Western Digital Corporation 101,000,000 0
Repayments of principal on Notes due to Western Digital Corporation (76,000,000) (102,000,000)
Transfers from (to) Western Digital Corporation (1,887,000,000) 340,000,000
Origination of Notes due from Western Digital Corporation 0 (187,000,000)
Net cash provided by financing activities 620,000,000 51,000,000
Effect of exchange rate changes on cash (4,000,000) 0
Net increase in cash and cash equivalents 1,179,000,000 85,000,000
Cash and cash equivalents, beginning of year 328,000,000 292,000,000
Cash and cash equivalents, end of period 1,507,000,000 377,000,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 102,000,000 10,000,000
Cash received for interest 2,000,000 8,000,000
Cash paid for income taxes 10,000,000 0
Notes due to (from) Western Digital Corporation 1,223,000,000  
Notes due to (from) Western Digital Corporation   (113,000,000)
Other assets and liabilities, net, from Western Digital Corporation 105,000,000 0
Contribution of equity interest in Unis Venture from Western Digital Corporation 61,000,000 0
Property, plant and equipment from Western Digital Corporation 27,000,000 5,000,000
Tax balances to Western Digital Corporation 8,000,000 2,000,000
Tax indemnification liability to Western Digital Corporation $ 112,000,000 $ 0