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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 27, 2024
Sep. 29, 2023
Cash flows from operating activities    
Net income (loss) $ 493 $ (685)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:    
Depreciation and amortization 135 147
Stock-based compensation 84 77
Deferred income taxes 54 (46)
Gain on disposal of assets (1) (87)
Non-cash asset impairment 0 95
Amortization of debt issuance costs and discounts 5 4
Other non-cash operating activities, net 17 1
Changes in:    
Accounts receivable, net (292) 147
Inventories (76) 201
Accounts payable 216 25
Accounts payable to related parties 39 (15)
Accrued expenses (153) 63
Income taxes payable (77) (325)
Accrued compensation (50) 1
Other assets and liabilities, net (360) (229)
Net cash provided by (used in) operating activities 34 (626)
Cash flows from investing activities    
Purchases of property, plant and equipment (96) (124)
Proceeds from the sale of property, plant and equipment 1 193
Notes receivable issuances to Flash Ventures (14) (121)
Notes receivable proceeds from Flash Ventures 61 134
Strategic investments and other, net 3 2
Net cash provided by (used in) investing activities (45) 84
Cash flows from financing activities    
Taxes paid on vested stock awards under employee stock plans (64) (43)
Proceeds from convertible preferred stock, net of issuance costs 0 (3)
Repayments of debt (188) 0
Proceeds from debt 150 600
Net cash provided by (used in) financing activities (102) 554
Effect of exchange rate changes on cash 10 (3)
Cash and cash equivalents (71) 0
Net increase (decrease) in cash and cash equivalents (174) 9
Cash and cash equivalents, beginning of year 1,879 2,023
Cash and cash equivalents, end of period 1,705 2,032
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 479 545
Cash paid for interest $ 115 $ 127