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Other Expense, Net | 12 Months Ended
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Jun. 27, 2021
Other Income and Expenses [Abstract] |
Other Expense, Net | Other Expense, Net The significant components of other expense, net, were as follows:
| Year Ended
June 27, 2021 |  | June 28, 2020 |  | June 30, 2019
| (in thousands)
Interest income | $ | 19,687 |  |  | $ | 85,433 |  |  | $ | 98,771 |
Interest expense | (208,597) |  |  | (177,440) |  |  | (117,263) |
Gains on deferred compensation plan related assets, net | 61,838 |  |  | 5,999 |  |  | 10,464 |
Foreign exchange (losses) gains, net | (6,962) |  |  | (3,317) |  |  | 826 |
Other, net | 22,815 |  |  | (9,499) |  |  | (10,959) |
| $ | (111,219) |  |  | $ | (98,824) |  |  | $ | (18,161) |
Interest income in the year ended June 27, 2021, decreased compared to the year ended June 28, 2020, primarily as a result of lower yield. Interest income decreased in the year ended June 28, 2020, compared to the year ended June 30, 2019, as a result of lower yield, partially offset by a higher cash balance. Interest expense in the year ended June 27, 2021, increased compared to the year ended June 28, 2020, primarily due to the full year impact of the issuance of the $2.0 billion senior notes in fiscal year 2020. The increase in interest expense in the year ended June 28, 2020, compared to the year ended June 30, 2019, was primarily due to the full year impact of the issuance of the $2.5 billion of senior notes in fiscal year 2019 and issuance of the $2.0 billion senior notes in fiscal year 2020. The gains on deferred compensation plan related assets in the years presented were driven by an improvement in the fair market value of the underlying funds. The gains in other, net for the year ended June 27, 2021 compared to the years ended June 28, 2020 and June 30, 2019 were primarily driven by private equity investments.

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- 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
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