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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 29, 2023
Dec. 30, 2022
OPERATING ACTIVITIES    
Net loss $ (203) $ (4)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 138 283
Share-based compensation 55 62
Deferred income taxes 41 (4)
Other non-cash operating activities, net (12) 28
Changes in operating assets and liabilities:    
Accounts receivable, net 150 692
Inventories 87 371
Accounts payable 54 (919)
Accrued employee compensation (14) (145)
BIS settlement penalty (15) 0
Accrued expenses, income taxes and warranty (13) 228
Other assets and liabilities 21 108
Net cash provided by operating activities 296 496
INVESTING ACTIVITIES    
Acquisition of property, equipment and leasehold improvements (140) (212)
Proceeds from the sale of assets 35 3
Purchases of investments 0 (1)
Net cash used in investing activities (105) (210)
FINANCING ACTIVITIES    
Redemption and repurchase of debt (1,288) 0
Dividends to shareholders (291) (292)
Repurchases of ordinary shares 0 (408)
Taxes paid related to net share settlement of equity awards (28) (39)
Proceeds from issuance of long-term debt 1,500 600
Proceeds from issuance of ordinary shares under employee stock plans 44 29
Other financing activities, net (128) (21)
Net cash used in financing activities (191) (131)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash 1 0
Increase in cash, cash equivalents and restricted cash 1 155
Cash, cash equivalents and restricted cash at the beginning of the period 788 617
Cash, cash equivalents and restricted cash at the end of the period 789 772
Gain (loss) on repurchase of debt instrument $ 7 $ (204)