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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jan. 01, 2021
Jan. 03, 2020
Cash flows from operating activities    
Net income (loss) $ 2 $ (415)
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization 710 805
Stock-based compensation 156 154
Deferred income taxes (5) (42)
Loss on disposal of assets 1 (12)
Amortization of debt discounts 20 20
Other non-cash operating activities, net (18) (20)
Changes in:    
Accounts receivable, net 546 (587)
Inventories (505) 155
Accounts payable 70 170
Accounts payable to related parties (13) 33
Accrued expenses 78 327
Accrued compensation 51 191
Other assets and liabilities, net (305) (269)
Net cash provided by operating activities 788 510
Cash flows from investing activities    
Purchases of property, plant and equipment (576) (305)
Proceeds from the sale of property, plant and equipment 39 0
Acquisitions, net of cash acquired 0 (22)
Notes receivable issuances to Flash Ventures (252) (224)
Notes receivable proceeds from Flash Ventures 346 690
Strategic investments and other, net 7 21
Net cash provided by (used in) investing activities (436) 160
Cash flows from financing activities    
Issuance of stock under employee stock plans 63 72
Taxes paid on vested stock awards under employee stock plans (43) (54)
Dividends paid to shareholders 0 (296)
Repayment of debt (461) (707)
Other (9) 0
Net cash used in financing activities (450) (985)
Effect of exchange rate changes on cash 6 (3)
Net decrease in cash and cash equivalents (92) (318)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 3,048 3,455
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 2,956 3,137
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 251 181
Cash paid for interest $ 144 $ 206