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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2023
Apr. 01, 2022
Cash flows from operating activities    
Net income (loss) $ (991) $ 1,199
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Depreciation and amortization 643 708
Stock-based compensation 246 249
Deferred income taxes 34 41
Gain on disposal of assets (7) (14)
Non-cash portion of asset impairment 18 0
Amortization of debt issuance costs and discounts 9 34
Other non-cash operating activities, net 6 42
Changes in:    
Accounts receivable, net 1,213 (96)
Inventories (341) (45)
Accounts payable (442) (100)
Accounts payable to related parties (54) (2)
Accrued expenses (484) 2
Income taxes payable 144 (50)
Accrued compensation (169) (149)
Other assets and liabilities, net (165) (234)
Net cash (used in) provided by operating activities (340) 1,585
Cash flows from investing activities    
Purchases of property, plant and equipment (702) (842)
Proceeds from the sale of property, plant and equipment 14 13
Notes receivable issuances to Flash Ventures (496) (496)
Notes receivable proceeds from Flash Ventures 542 519
Strategic investments and other, net 22 (16)
Net cash used in investing activities (620) (822)
Cash flows from financing activities    
Issuance of stock under employee stock plans 49 62
Taxes paid on vested stock awards under employee stock plans (69) (85)
Net proceeds from convertible preferred stock 882 0
Repayments of debt (1,180) (3,471)
Proceeds from debt 1,180 1,894
Debt issuance costs (6) (23)
Net cash provided by (used in) financing activities 856 (1,623)
Effect of exchange rate changes on cash (3) (5)
Net decrease in cash and cash equivalents (107) (865)
Cash and cash equivalents, beginning of year 2,327 3,370
Cash and cash equivalents, end of period 2,220 2,505
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 181 376
Cash paid for interest 252 221
Noncash exchange of TLA-1 notes for TLA-2 notes $ 0 $ 2,104