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v3.23.1

FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
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Mar. 26, 2023
Fair Value Disclosures [Abstract] |
Schedule of Cash, Cash Equivalents, Investments, Restricted Cash and Investments and Other Assets Measured at Fair Value on Recurring Basis | The following tables set forth the Company’s cash, cash equivalents, investments, restricted cash and investments, and other assets measured at fair value on a recurring basis as of March 26, 2023, and June 26, 2022:
| March 26, 2023
|  |  |  |  |  |  |  |  | (Reported Within)
| Cost |  | Unrealized Gain |  | Unrealized (Loss) |  | Fair Value |  | Cash and Cash Equivalents |  | Investments |  | Restricted Cash & Investments |  | Other Assets
| (in thousands)
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 2,534,717 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,534,717 |  |  | $ | 2,534,717 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Mutual funds | 87,004 |  |  | 9,710 |  |  | (2,234) |  |  | 94,480 |  |  | — |  |  | — |  |  | — |  |  | 94,480 |
Level 1 Total | 2,621,721 |  |  | 9,710 |  |  | (2,234) |  |  | 2,629,197 |  |  | 2,534,717 |  |  | — |  |  | — |  |  | 94,480 |
Level 2: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes and bonds | 64,593 |  |  | — |  |  | (744) |  |  | 63,849 |  |  | — |  |  | 63,849 |  |  | — |  |  | — |
Level 2 Total | 64,593 |  |  | — |  |  | (744) |  |  | 63,849 |  |  | — |  |  | 63,849 |  |  | — |  |  | — |
Total subject to fair value hierarchy | $ | 2,686,314 |  |  | $ | 9,710 |  |  | $ | (2,978) |  |  | $ | 2,693,046 |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  | $ | 1,414,563 |  |  | $ | 1,411,064 |  |  | $ | — |  |  | $ | 661 |  |  | $ | 2,838 |
Time deposits |  |  |  |  |  |  | 1,609,894 |  |  | 1,359,867 |  |  | — |  |  | 250,027 |  |  | — |
Total |  |  |  |  |  |  | $ | 5,717,503 |  |  | $ | 5,305,648 |  |  | $ | 63,849 |  |  | $ | 250,688 |  |  | $ | 97,318 |
| June 26, 2022
|  |  |  |  |  |  |  |  | (Reported Within)
| Cost |  | Unrealized Gain |  | Unrealized (Loss) |  | Fair Value |  | Cash and Cash Equivalents |  | Investments |  | Restricted Cash & Investments |  | Other Assets
| (in thousands)
Level 1: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 712,076 |  |  | $ | — |  |  | $ | — |  |  | $ | 712,076 |  |  | $ | 712,076 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Mutual funds | 84,851 |  |  | 12,027 |  |  | (1,659) |  |  | 95,219 |  |  | — |  |  | — |  |  | — |  |  | 95,219 |
Level 1 Total | 796,927 |  |  | 12,027 |  |  | (1,659) |  |  | 807,295 |  |  | 712,076 |  |  | — |  |  | — |  |  | 95,219 |
Level 2: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate notes and bonds | 137,859 |  |  | — |  |  | (2,128) |  |  | 135,731 |  |  | — |  |  | 135,731 |  |  | — |  |  | — |
Level 2 Total | 137,859 |  |  | — |  |  | (2,128) |  |  | 135,731 |  |  | — |  |  | 135,731 |  |  | — |  |  | — |
Total subject to fair value hierarchy | $ | 934,786 |  |  | $ | 12,027 |  |  | $ | (3,787) |  |  | $ | 943,026 |  |  |  |  |  |  |  |  |
Cash |  |  |  |  |  |  | $ | 1,017,253 |  |  | $ | 1,015,747 |  |  | $ | — |  |  | $ | 1,506 |  |  | $ | — |
Time deposits |  |  |  |  |  |  | 2,044,206 |  |  | 1,794,178 |  |  | — |  |  | 250,028 |  |  | — |
Total |  |  |  |  |  |  | $ | 4,004,485 |  |  | $ | 3,522,001 |  |  | $ | 135,731 |  |  | $ | 251,534 |  |  | $ | 95,219 |
Schedule of Investments in Unrealized Loss Positions | The following is an analysis of the Company’s investments in unrealized loss positions:
| March 26, 2023
| Unrealized Losses Less than 12 Months |  | Unrealized Losses 12 Months or Greater |  | Total
| Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss |  | Fair Value |  | Gross Unrealized Loss
| (in thousands)
Mutual funds | $ | 11,634 |  |  | $ | (922) |  |  | $ | 15,332 |  |  | $ | (1,312) |  |  | $ | 26,966 |  |  | $ | (2,234) |
Corporate notes and bonds | 16,838 |  |  | (88) |  |  | 46,560 |  |  | (656) |  |  | 63,398 |  |  | (744) |
| $ | 28,472 |  |  | $ | (1,010) |  |  | $ | 61,892 |  |  | $ | (1,968) |  |  | $ | 90,364 |  |  | $ | (2,978) |
Schedule of Amortized Cost and Fair Value of Cash Equivalents, Investments, Restricted Cash and Investments with Contractual Maturities | The amortized cost and fair value of cash equivalents, investments, and restricted investments with contractual maturities are as follows as of March 26, 2023:
| Cost |  | Fair Value
| (in thousands)
Due in one year or less | $ | 4,200,733 |  |  | $ | 4,200,066 |
Due after one year through five years | 8,471 |  |  | 8,394 |
| $ | 4,209,204 |  |  | $ | 4,208,460 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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