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DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Jul. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of outstanding swap agreements | Details of outstanding swap agreements as of July 1, 2017 are set forth below:
Maturity Date of Swap |  | Notional Value (in millions) |  | Fixed Coupon Rate on Hedged Debt |  | Floating Interest Rate on Swap |  | Floating Rate Reset Terms
February 12, 2018 |  | $ | 500 |  |  | 5.25 | % |  | Six-month LIBOR |  | Every six months in arrears
April 1, 2019 |  | $ | 500 |  |  | 1.90 | % |  | Three-month LIBOR |  | Every three months in advance
October 1, 2020 |  | $ | 750 |  |  | 2.60 | % |  | Three-month LIBOR |  | Every three months in advance
July 15, 2021 |  | $ | 500 |  |  | 2.50 | % |  | Three-month LIBOR |  | Every three months in advance
Derivatives balance sheet location table | The location and the fair value of derivative instruments designated as hedges in the consolidated balance sheet as of July 1, 2017, July 2, 2016 and June 27, 2015 are as follows:
|  |  | Derivative Fair Value
| Balance Sheet Location |  | Jul. 1, 2017 |  | Jul. 2, 2016 |  | Jun. 27, 2015
|  |  | (In thousands)
Fair Value Hedges: |  |  |  |  |  |  |
Interest rate swaps | Other current assets |  | $ | 707 |  |  | $ | — |  |  | $ | — |
Interest rate swaps | Other assets |  |  |  | 36,805 |  |  | 12,597 |
Interest rate swaps | Other long-term liabilities |  | (21,390 | ) |  | — |  |  | — |
Cash Flow Hedges: |  |  |  |  |  |  |
Fuel swaps | Other current assets |  | $ | 717 |  |  | $ | — |  |  | $ | — |
Fuel swaps | Other current liabilities |  | (6,160 | ) |  |  |  |
Foreign currency forwards | Other current liabilities |  | (154 | ) |  | — |  |  | — |
Fuel swaps | Other long-term liabilities |  | (160 | ) |  |  |  |
Cross currency swaps | Other long-term liabilities |  | (5,816 | ) |  | — |  |  | — |
Net Investment Hedges: |  |  |  |  |  |  |
Foreign currency swaps | Other long-term liabilities |  | $ | (12,308 | ) |  | $ | — |  |  | $ | — |
Derivatives financial statement performance table | The location and effect of derivative instruments and related hedged items on the consolidated results of operations for the fiscal periods ended July 1, 2017, July 2, 2016 and June 27, 2015 presented on a pretax basis are as follows:
| Location of (Gain) or Loss Recognized |  | Amount of (Gain) or Loss Recognized
|  |  | 2017 |  | 2016 |  | 2015
|  |  | (In thousands)
Fair Value Hedge Relationships: |  |  |  |  |  |  |
Interest rate swaps | Interest expense |  | $ | (9,022 | ) |  | $ | (12,033 | ) |  | $ | (21,960 | )
Cash Flow Hedge Relationships: |  |  |  |  |  |  |  |  |
Forward starting interest rate swaps (1) | Interest expense |  | $ | 11,495 |  |  | $ | 11,543 |  |  | $ | 8,305 |
Forward starting interest rate swaps | Other comprehensive income |  | — |  |  | (6,134 | ) |  | (55,374 | )
Fuel swaps | Other comprehensive income |  | (5,335 | ) |  | — |  |  | — |
Foreign currency forwards | Other comprehensive income |  | (4,389 | ) |  | — |  |  | — |
Cross currency swaps | Other comprehensive income |  | (1,148 | ) |  | — |  |  | — |
Net Investment Hedge Relationships: |  |  |  |  |  |  |
Foreign currency swaps | Other comprehensive income |  | $ | (34,152 | ) |  | $ | — |  |  | $ | — |
(1) | Represents amortization of losses on forward starting interest rate swap agreements that were previously settled.

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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