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Fair Value Measurements and Investments Fair Value Measurements and Investments (Tables) | 3 Months Ended
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Sep. 29, 2017
Fair Value Disclosures [Abstract] |
Cash, Cash Equivalents, and Marketable Securities | The Company’s total cash, cash equivalents and marketable securities was as follows:
| September 29, 2017 |  | June 30, 2017
| (in millions)
Cash and cash equivalents | $ | 6,886 |  |  | $ | 6,354 |
Short-term marketable securities | 35 |  |  | 24 |
Long-term marketable securities | 94 |  |  | 94 |
Total cash, cash equivalents and marketable securities | $ | 7,015 |  |  | $ | 6,472 |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 29, 2017 and June 30, 2017, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
| September 29, 2017
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 3,585 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,585 |
Certificates of deposit | — |  |  | 4 |  |  | — |  |  | 4 |
Total cash equivalents | 3,585 |  |  | 4 |  |  | — |  |  | 3,589 |
Short-term investments: |  |  |  |  |  |  |
Certificates of deposit | — |  |  | 13 |  |  | — |  |  | 13 |
Corporate notes and bonds | — |  |  | 12 |  |  | — |  |  | 12 |
Asset-backed securities | — |  |  | 7 |  |  | — |  |  | 7 |
Equity securities | 3 |  |  | — |  |  | — |  |  | 3 |
Total short-term investments | 3 |  |  | 32 |  |  | — |  |  | 35 |
Long-term investments: |  |  |  |  |  |  |
U.S. Treasury securities | 6 |  |  | — |  |  | — |  |  | 6 |
U.S. Government agency securities | — |  |  | 5 |  |  | — |  |  | 5 |
International government securities | — |  |  | 1 |  |  | — |  |  | 1 |
Corporate notes and bonds | — |  |  | 67 |  |  | — |  |  | 67 |
Asset-backed securities | — |  |  | 5 |  |  | — |  |  | 5 |
Municipal notes and bonds | — |  |  | 10 |  |  | — |  |  | 10 |
Total long-term investments | 6 |  |  | 88 |  |  | — |  |  | 94 |
Foreign exchange contracts | — |  |  | 19 |  |  | — |  |  | 19 |
Total assets at fair value | $ | 3,594 |  |  | $ | 143 |  |  | $ | — |  |  | $ | 3,737 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 15 |  |  | $ | — |  |  | $ | 15 |
Total liabilities at fair value | $ | — |  |  | $ | 15 |  |  | $ | — |  |  | $ | 15 |
| June 30, 2017
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 2,836 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,836 |
Certificates of deposit | — |  |  | 10 |  |  | — |  |  | 10 |
Total cash equivalents | 2,836 |  |  | 10 |  |  | — |  |  | 2,846 |
Short-term investments: |  |  |  |  |  |  |
Corporate notes and bonds | — |  |  | 11 |  |  | — |  |  | 11 |
Asset-backed securities | — |  |  | 7 |  |  | — |  |  | 7 |
Municipal notes and bonds | — |  |  | 2 |  |  | — |  |  | 2 |
Equity securities | 4 |  |  | — |  |  | — |  |  | 4 |
Total short-term investments | 4 |  |  | 20 |  |  | — |  |  | 24 |
Long-term investments: |  |  |  |  |  |  |
U.S. Treasury securities | 5 |  |  | — |  |  | — |  |  | 5 |
U.S. Government agency securities | — |  |  | 5 |  |  | — |  |  | 5 |
International government securities | — |  |  | 1 |  |  | — |  |  | 1 |
Corporate notes and bonds | — |  |  | 67 |  |  | — |  |  | 67 |
Asset-backed securities | — |  |  | 7 |  |  | — |  |  | 7 |
Municipal notes and bonds | — |  |  | 9 |  |  | — |  |  | 9 |
Total long-term investments | 5 |  |  | 89 |  |  | — |  |  | 94 |
Foreign exchange contracts | — |  |  | 16 |  |  | — |  |  | 16 |
Total assets at fair value | $ | 2,845 |  |  | $ | 135 |  |  | $ | — |  |  | $ | 2,980 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 8 |  |  | $ | — |  |  | $ | 8 |
Interest rate swap contract | — |  |  | 1 |  |  | — |  |  | 1 |
Exchange option | — |  |  | — |  |  | 1 |  |  | 1 |
Total liabilities at fair value | $ | — |  |  | $ | 9 |  |  | $ | 1 |  |  | $ | 10 |
Available-for-sale Securities | The cost basis and fair value of the Company’s investments classified as available-for-sale securities as of September 29, 2017, by remaining contractual maturity, were as follows:
| Cost Basis |  | Fair Value
| (in millions)
Due in less than one year (short-term investments) | $ | 34 |  |  | $ | 35 |
Due in one to five years (included in other non-current assets) | 94 |  |  | 94 |
Total | $ | 128 |  |  | $ | 129 |
Related Costs And Fair Values Based On Quoted Market Prices | For financial instruments where the carrying value (which includes principal adjusted for any unamortized issuance costs, and discounts or premiums) differs from fair value (which is based on quoted market prices), the following table represents the related carrying value and fair value for each of the Company’s outstanding financial instruments. Each of the financial instruments presented below was categorized as Level 2 for all periods presented, based on the frequency of trading immediately prior to the end of the first quarter of 2018 and the fourth quarter of 2017, respectively.
| September 29, 2017 |  | June 30, 2017
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
| (in millions)
Secured Notes | $ | 1,835 |  |  | $ | 2,056 |  |  | $ | 1,835 |  |  | $ | 2,062 |
Unsecured Notes | 3,248 |  |  | 3,939 |  |  | 3,244 |  |  | 3,956 |
Term Loan A | 4,026 |  |  | 4,096 |  |  | 4,074 |  |  | 4,130 |
U.S. Term Loan B-2 | 2,962 |  |  | 2,983 |  |  | 2,968 |  |  | 2,989 |
Euro Term Loan B-2(1) | 1,030 |  |  | 1,039 |  |  | 1,000 |  |  | 1,010 |
Convertible Debt 2020 | 30 |  |  | 34 |  |  | 30 |  |  | 34 |
Total | $ | 13,131 |  |  | $ | 14,147 |  |  | $ | 13,151 |  |  | $ | 14,181 |
(1) | Euro Term Loan B-2 outstanding principal amounts as of September 29, 2017 and June 30, 2017 were based upon the Euro to U.S. dollar exchange rate as of those respective dates.

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75019621&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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