XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.19.2

Other Expense, Net | 12 Months Ended
--- | ---
Jun. 30, 2019
Other Income and Expenses [Abstract] |
Other Expense, Net | Other Expense, Net The significant components of other expense, net, were as follows:
| Year Ended
June 30, 2019 |  | June 24, 2018 |  | June 25, 2017
| (in thousands)
Interest income | $ | 98,771 |  |  | $ | 85,813 |  |  | $ | 57,858 |
Interest expense | (117,263 | ) |  | (97,387 | ) |  | (117,734 | )
Gains on deferred compensation plan related assets, net | 10,464 |  |  | 14,692 |  |  | 17,880 |
Loss on impairment of investments | — |  |  | (42,456 | ) |  | — |
Gains (losses) on extinguishment of debt, net | 118 |  |  | 542 |  |  | (36,252 | )
Foreign exchange gains (losses), net | 826 |  |  | (3,382 | ) |  | (569 | )
Other, net | (11,077 | ) |  | (19,332 | ) |  | (11,642 | )
| $ | (18,161 | ) |  | $ | (61,510 | ) |  | $ | (90,459 | )
Interest income in the year ended June 30, 2019, increased compared to the years ended June 24, 2018, and June 25, 2017, primarily as a result of higher yield. Interest expense in the year ended June 30, 2019, increased compared to the year ended June 24, 2018, primarily due to issuance of the $2.5 billion of senior notes. Interest expense in the year ended June 24, 2018, decreased compared to the year ended June 25, 2017, primarily due to the conversions of 2018 and 2041 Convertible Notes as well as the retirement of the 2018 Convertible Notes in May 2018. The gain on deferred compensation plan related assets in fiscal years 2019, 2018 and 2017 was driven by an improvement in the fair market value of the underlying funds. The loss on impairment of investments in the year ended June 24, 2018 was the result of a decision to sell selected investments held in foreign jurisdictions in connection with the Company’s cash repatriation strategy following the December 2017 U.S. tax reform. Net loss on extinguishment of debt realized in the year ended June 25, 2017, was primarily a result of the special mandatory redemption of the Senior Notes due 2023 and 2026, as well as the termination of the Term Loan Agreement.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration