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Recent Accounting Pronouncements (Tables) | 12 Months Ended
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Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The cumulative effect of the changes made to the Company’s Consolidated Balance Sheet as of June 25, 2018 for the adoption of ASC 606 to all contracts with customers that were not completed as of June 24, 2018 was recorded as an adjustment to retained earnings as of the adoption date as follows:
| June 24, 2018 |  |  |  | June 25, 2018
As reported |  | Adjustments |  | As Adjusted
| (in thousands)
Total assets | $ | 12,479,478 |  |  | $ | 12,955 |  |  | $ | 12,492,433 |
Deferred profit | $ | 720,086 |  |  | $ | (160,695 | ) |  | $ | 559,391 |
Total liabilities | $ | 5,899,435 |  |  | $ | (126,400 | ) |  | $ | 5,773,035 |
Stockholder’s equity | $ | 6,501,851 |  |  | $ | 139,355 |  |  | $ | 6,641,206 |
The impact of adoption of ASC 606 on the Company's Consolidated Statement of Operations and Consolidated Balance Sheet was as follows:
| Year Ended
June 30, 2019
| As Reported |  | Without adoption of ASC 606 |  | Effect of Change Higher/(Lower)
| (in thousands)
Revenue | $ | 9,653,559 |  |  | $ | 9,049,790 |  |  | $ | 603,769 |
Cost of goods sold | $ | 5,295,100 |  |  | $ | 5,016,679 |  |  | $ | 278,421 |
| June 30, 2019
| As Reported |  | Without adoption of ASC 606 |  | Effect of Change Higher/(Lower)
| (in thousands)
Deferred profit | $ | 381,317 |  |  | $ | 846,422 |  |  | $ | (465,105 | )
Retained earnings | $ | 9,930,919 |  |  | $ | 9,465,814 |  |  | $ | 465,105 |

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
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