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Income Taxes (Tables) | 12 Months Ended
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Jun. 26, 2016
Income Tax Disclosure [Abstract] |
Components of Income (Loss) Before Income Taxes | The components of income (loss) before income taxes were as follows:
| June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
| (in thousands)
United States | $ | (113,607 | ) |  | $ | 72,728 |  |  | $ | 78,076 |
Foreign | 1,073,724 |  |  | 668,122 |  |  | 645,287 |
| $ | 960,117 |  |  | $ | 740,850 |  |  | $ | 723,363 |
Components of Provision (Benefit) for Income Taxes | Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows:
| June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
| (in thousands)
Federal: |  |  |  |  |
Current | $ | 1,426 |  |  | $ | 16,795 |  |  | $ | 31,762 |
Deferred | (38,616 | ) |  | 12,115 |  |  | 10,692 |
| (37,190 | ) |  | 28,910 |  |  | 42,454 |
State: |  |  |  |  |
Current | 2,892 |  |  | 1,376 |  |  | 3,192 |
Deferred | (7,600 | ) |  | 158 |  |  | (869 | )
| (4,708 | ) |  | 1,534 |  |  | 2,323 |
Foreign: |  |  |  |  |
Current | 90,752 |  |  | 61,551 |  |  | 49,273 |
Deferred | (2,786 | ) |  | (6,722 | ) |  | (2,976 | )
| 87,966 |  |  | 54,829 |  |  | 46,297 |
Total Provision (Benefit) for Income Taxes | $ | 46,068 |  |  | $ | 85,273 |  |  | $ | 91,074 |
Components of Net Deferred Tax Assets and Liabilities | Significant components of the Company’s net deferred tax assets and liabilities were as follows:
| June 26, 2016 |  | June 28, 2015
| (in thousands)
Deferred tax assets: |  |  |
Tax carryforwards | $ | 176,767 |  |  | $ | 129,234 |
Allowances and reserves | 128,416 |  |  | 131,079 |
Equity-based compensation | 29,414 |  |  | 21,086 |
Inventory valuation differences | 17,178 |  |  | 15,167 |
Prepaid cost sharing | 88,522 |  |  | — |
Other | 24,540 |  |  | 13,942 |
Gross deferred tax assets | 464,837 |  |  | 310,508 |
Valuation allowance | (101,689 | ) |  | (85,620 | )
Net deferred tax assets | 363,148 |  |  | 224,888 |
Deferred tax liabilities: |  |  |
Intangible assets | (46,774 | ) |  | (64,725 | )
Convertible debt | (151,483 | ) |  | (130,991 | )
Temporary differences for capital assets | (61,845 | ) |  | (37,635 | )
Amortization of goodwill | (14,176 | ) |  | (12,502 | )
Unremitted earnings of foreign subsidiaries | (146,459 | ) |  | (66,412 | )
Other | (8,594 | ) |  | (6,100 | )
Gross deferred tax liabilities | (429,331 | ) |  | (318,365 | )
Net deferred tax liabilities | $ | (66,183 | ) |  | $ | (93,477 | )
Reconciliation of Income Tax Expense Provided at Federal Statutory Rate to Actual Income Tax Expense (Benefit) | A reconciliation of income tax expense provided at the federal statutory rate (35% in fiscal years 2016, 2015, and 2014) to actual income tax expense (benefit) is as follows:
| June 26, 2016 |  | June 28, 2015 |  | June 29, 2014
| (in thousands)
Income tax expense computed at federal statutory rate | $ | 336,041 |  |  | $ | 259,297 |  |  | $ | 253,177 |
State income taxes, net of federal tax benefit | (14,070 | ) |  | (8,611 | ) |  | 1,884 |
Foreign income taxed at different rates | (265,123 | ) |  | (175,581 | ) |  | (164,130 | )
Tax credits | (48,277 | ) |  | (24,416 | ) |  | (15,650 | )
State valuation allowance, net of federal tax benefit | 17,948 |  |  | 8,594 |  |  | (1,707 | )
Equity-based compensation | 12,366 |  |  | 28,845 |  |  | 23,167 |
Other permanent differences and miscellaneous items | 7,183 |  |  | (2,855 | ) |  | (5,667 | )
| $ | 46,068 |  |  | $ | 85,273 |  |  | $ | 91,074 |
Changes in Balance of Gross Unrecognized Tax Benefits | The aggregate changes in the balance of gross unrecognized tax benefits were as follows:
| (in thousands)
Balance as of June 30, 2013 | $ | 333,114 |
Lapse of statute of limitations | (16,048 | )
Increases in balances related to tax positions taken during prior periods | 6,225 |
Decreases in balances related to tax positions taken during prior periods | (4,182 | )
Increases in balances related to tax positions taken during current period | 33,003 |
Balance as of June 29, 2014 | 352,112 |
Settlements and effective settlements with tax authorities | (2,108 | )
Lapse of statute of limitations | (9,376 | )
Increases in balances related to tax positions taken during prior periods | 3,729 |
Decreases in balances related to tax positions taken during prior periods | (12,615 | )
Increases in balances related to tax positions taken during current period | 31,810 |
Balance as of June 28, 2015 | 363,552 |
Lapse of statute of limitations | (10,992 | )
Increases in balances related to tax positions taken during prior periods | 18,200 |
Decreases in balances related to tax positions taken during prior periods | (421 | )
Increases in balances related to tax positions taken during current period | 47,093 |
Balance as of June 26, 2016 | $ | 417,432 |

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