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v3.22.2.2

SUMMARY OF ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Jul. 02, 2022
Accounting Policies [Abstract] |
Schedule of cash and cash equivalents | The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the Consolidated Balance Sheets:
| Jul. 2, 2022 |  | Jul. 3, 2021 |  | Jun. 27, 2020
| (In thousands)
Cash and cash equivalents | $ | 867,086 |  |  | $ | 3,007,123 |  |  | $ | 6,059,427 |
Restricted cash (1) | 64,290 |  |  | 29,977 |  |  | 36,143 |
Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows | $ | 931,376 |  |  | $ | 3,037,100 |  |  | $ | 6,095,570 |
(1) | Restricted cash primarily represents cash and cash equivalents of the Captive, restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within Other assets in each consolidated balance sheet.
Schedule of restrictions on cash and cash equivalents | The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the Consolidated Balance Sheets:
| Jul. 2, 2022 |  | Jul. 3, 2021 |  | Jun. 27, 2020
| (In thousands)
Cash and cash equivalents | $ | 867,086 |  |  | $ | 3,007,123 |  |  | $ | 6,059,427 |
Restricted cash (1) | 64,290 |  |  | 29,977 |  |  | 36,143 |
Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows | $ | 931,376 |  |  | $ | 3,037,100 |  |  | $ | 6,095,570 |
(1) | Restricted cash primarily represents cash and cash equivalents of the Captive, restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within Other assets in each consolidated balance sheet.

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