XML 22 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jul. 02, 2021
Jul. 03, 2020
Jun. 28, 2019
Income Statement [Abstract]      
Revenue, net $ 16,922 $ 16,736 $ 16,569
Cost of revenue 12,401 12,955 12,817
Gross profit 4,521 3,781 3,752
Operating expenses:      
Research and development 2,243 2,261 2,182
Selling, general and administrative 1,105 1,153 1,317
Employee termination, asset impairment, and other charges (47) 32 166
Total operating expenses 3,301 3,446 3,665
Operating income 1,220 335 87
Interest and other income (expense):      
Interest income 7 28 57
Interest expense (326) (413) (469)
Other income, net 26 4 38
Total interest and other expense, net (293) (381) (374)
Income (loss) before taxes 927 (46) (287)
Income tax expense 106 204 467
Net income (loss) $ 821 $ (250) $ (754)
Income (loss) per common share      
Basic (in dollars per share) $ 2.69 $ (0.84) $ (2.58)
Diluted (in dollars per share) $ 2.66 $ (0.84) $ (2.58)
Weighted average shares outstanding:      
Basic (in shares) 305 298 292
Diluted (in shares) 309 298 292
Cash dividends declared per share (in USD per share) $ 0 $ 1.50 $ 2.00