XML 14 R5.htm IDEA: XBRL DOCUMENT v3.21.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2021
Jan. 01, 2021
OPERATING ACTIVITIES    
Net income $ 1,027 $ 503
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 212 195
Share-based compensation 70 58
Deferred income taxes 0 (13)
Other non-cash operating activities, net 22 4
Changes in operating assets and liabilities:    
Accounts receivable, net (241) 315
Inventories (83) (176)
Accounts payable 63 (75)
Accrued employee compensation (54) (18)
Accrued expenses, income taxes and warranty 40 (36)
Other assets and liabilities (39) 13
Net cash provided by operating activities 1,017 770
INVESTING ACTIVITIES    
Acquisition of property, equipment and leasehold improvements (212) (270)
Proceeds from sale of investments 34 11
Purchases of investments (18) (4)
Net cash used in investing activities (196) (263)
FINANCING ACTIVITIES    
Redemption and repurchase of debt (481) (21)
Dividends to shareholders (304) (334)
Repurchases of ordinary shares (896) (1,068)
Taxes paid related to net share settlement of equity awards (45) (32)
Proceeds from issuance of long-term debt 1,200 1,000
Proceeds from issuance of ordinary shares under employee stock plans 37 40
Net cash used in financing activities (495) (430)
Increase in cash, cash equivalents and restricted cash 326 77
Cash, cash equivalents and restricted cash at the beginning of the period 1,211 1,724
Cash, cash equivalents and restricted cash at the end of the period 1,537 1,801
Proceeds from (Payments for) Other Financing Activities $ (6) $ (15)