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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Apr. 02, 2021
Apr. 03, 2020
OPERATING ACTIVITIES    
Net income $ 832 $ 838
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 294 279
Share-based compensation 87 80
Deferred income taxes (7) 3
Other non-cash operating activities, net (8) 55
Changes in operating assets and liabilities:    
Accounts receivable, net 138 (172)
Inventories (141) (126)
Accounts payable 60 424
Accrued employee compensation (46) (14)
Accrued expenses, income taxes and warranty 0 (18)
Other assets and liabilities (61) (23)
Net cash provided by operating activities 1,148 1,326
INVESTING ACTIVITIES    
Acquisition of property, equipment and leasehold improvements (374) (471)
Proceeds from sale of investments 11 0
Proceeds from the sale of assets 4 1
Purchases of investments (4) (57)
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale 3 0
Net cash used in investing activities (360) (527)
FINANCING ACTIVITIES    
Redemption and repurchase of debt (27) (685)
Dividends to shareholders (495) (505)
Repurchases of ordinary shares (1,819) (795)
Taxes paid related to net share settlement of equity awards (33) (39)
Proceeds from issuance of long-term debt 1,000 498
Proceeds from issuance of ordinary shares under employee share plans 95 100
Net cash used in financing activities (1,298) (1,428)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 0 (8)
Decrease in cash, cash equivalents and restricted cash (510) (637)
Cash, cash equivalents and restricted cash at the beginning of the period 1,724 2,251
Cash, cash equivalents and restricted cash at the end of the period 1,214 1,614
Proceeds from (Payments for) Other Financing Activities $ (19) $ (2)