XML 21 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 29, 2019
Mar. 30, 2018
Cash flows from operating activities    
Net income (loss) $ (557) $ (81)
Adjustments to reconcile net loss to net cash provided by operations:    
Depreciation and amortization 1,396 1,567
Stock-based compensation 242 299
Deferred income taxes 253 (336)
Loss on disposal of assets 4 16
Write-off of issuance costs and amortization of debt discounts 28 208
Cash premium on extinguishment of debt 0 (720)
Non-cash portion of employee termination, asset impairment and other charges 0 16
Other non-cash operating activities, net 19 (15)
Changes in:    
Accounts receivable, net 975 (58)
Inventories (496) (324)
Accounts payable (549) (41)
Accounts payable to related parties 53 76
Accrued expenses 373 (89)
Accrued compensation (78) 2
Other assets and liabilities, net (285) 1,382
Net cash provided by operating activities 1,378 3,342
Cash flows from investing activities    
Purchases of property, plant and equipment (722) (643)
Proceeds from the sale of property, plant and equipment 3 24
Acquisitions, net of cash acquired 0 (99)
Purchases of investments (69) (66)
Proceeds from sale of investments 49 39
Proceeds from maturities of investments 7 16
Notes receivable issuances to Flash Ventures (858) (1,015)
Notes receivable proceeds from Flash Ventures 570 308
Strategic investments and other, net (22) 30
Net cash used in investing activities (1,042) (1,406)
Cash flows from financing activities    
Issuance of stock under employee stock plans 66 146
Taxes paid on vested stock awards under employee stock plans (109) (164)
Repurchases of common stock (563) (155)
Dividends paid to shareholders (438) (443)
Settlement of debt hedge contracts 0 28
Proceeds from (repayment of) revolving credit facility (500) 500
Repayment of debt (113) (14,581)
Proceeds from debt 0 11,384
Debt issuance costs 0 (52)
Net cash used in financing activities (1,657) (3,337)
Effect of exchange rate changes on cash (2) 10
Net decrease in cash and cash equivalents (1,323) (1,391)
Cash and cash equivalents, end of period 5,005 6,354
Cash and cash equivalents, beginning of year 3,682 4,963
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 323 177
Cash paid for interest $ 355 $ 633