“During the first half of the year, we generated free cash flow of $2B, supporting our full year expectation for $3B-$4B of free cash flow,” the company said. “With strong cash generation, we are well-positioned to deliver on our capital allocation priorities as we reinvest in the business, pay down $3B of debt this year, and return cash to shareholders, including a 25% increase to our quarterly dividend beginning in the September quarter.”
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