XML 28 R10.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Supplemental Financial Statement Data | 12 Months Ended
--- | ---
Jun. 29, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Financial Statement Data | Supplemental Financial Statement Data Accounts receivable, net From time to time, in connection with factoring agreements, the Company sells trade accounts receivable without recourse to third party purchasers in exchange for cash. During 2018, the Company sold trade accounts receivable and received cash proceeds of $57 million. The discounts on the trade accounts receivable sold during 2018 were not material and were recorded within Other expense, net in the Consolidated Financial Statements. During 2017, the Company did not sell any trade accounts receivable. Inventories
| June 29, 2018 |  | June 30, 2017
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 1,048 |  |  | $ | 646 |
Work-in-process | 878 |  |  | 632 |
Finished goods | 1,018 |  |  | 1,063 |
Total inventories | $ | 2,944 |  |  | $ | 2,341 |
Property, plant and equipment, net
| June 29, 2018 |  | June 30, 2017
| (in millions)
Property, plant, and equipment: |  |  |
Land and buildings | $ | 1,998 |  |  | $ | 1,855 |
Machinery and equipment | 7,209 |  |  | 6,815 |
Computer equipment and software | 440 |  |  | 404 |
Furniture and fixtures | 48 |  |  | 49 |
Leasehold improvements | 257 |  |  | 259 |
Construction-in-process | 234 |  |  | 144 |
Property, plant and equipment, gross | 10,186 |  |  | 9,526 |
Accumulated depreciation | (7,091 | ) |  | (6,493 | )
Property, plant, and equipment, net | $ | 3,095 |  |  | $ | 3,033 |
Depreciation expense of property, plant, and equipment totaled $871 million, $960 million and $888 million in 2018, 2017 and 2016, respectively. Product warranty liability Changes in the warranty accrual were as follows:
| 2018 |  | 2017 |  | 2016
| (in millions)
Warranty accrual, beginning of period | $ | 311 |  |  | $ | 279 |  |  | $ | 221 |
Warranty liabilities assumed as a result of acquisitions | — |  |  | — |  |  | 45 |
Charges to operations | 176 |  |  | 177 |  |  | 162 |
Utilization | (151 | ) |  | (151 | ) |  | (178 | )
Changes in estimate related to pre-existing warranties | (18 | ) |  | 6 |  |  | 29 |
Warranty accrual, end of period | $ | 318 |  |  | $ | 311 |  |  | $ | 279 |
In 2018, the Company updated its estimate of the timing of its expected expenditures for warranty obligations resulting in a reclassification from current to long-term warranty obligations. The current portion of the warranty accrual classified in Accrued expenses was $168 million and $186 million as of June 29, 2018 and June 30, 2017, respectively, with the long-term portion of $150 million and $125 million, respectively, classified in Other liabilities. Other liabilities
| 2018 |  | 2017
| (in millions)
Other non-current liabilities: |  |  |
Non-current net tax payable | $ | 1,315 |  |  | $ | — |
Other non-current liabilities | 940 |  |  | 1,180 |
Total other non-current liabilities | $ | 2,255 |  |  | $ | 1,180 |
Accumulated other comprehensive income (loss) Other comprehensive income (“OCI”), net of tax refers to expenses, gains and losses that are recorded as an element of shareholders’ equity but are excluded from net income. The following table illustrates the changes in the balances of each component of Accumulated other comprehensive income (loss) (“AOCI”):
| Actuarial Pension Gains (Losses) |  | Foreign Currency Translation Gains (Losses) |  | Unrealized Gains (Losses) on Derivative Contracts and Available for Sale Securities |  | Total Accumulated Comprehensive Income (Loss)
| (in millions)
Balance at July 1, 2016 | $ | (45 | ) |  | $ | 74 |  |  | $ | 74 |  |  | $ | 103 |
Other comprehensive income (loss) before reclassifications | 39 |  |  | (115 | ) |  | (45 | ) |  | (121 | )
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  | (30 | ) |  | (30 | )
Income tax benefit (expense) related to items of other comprehensive income (loss) | (12 | ) |  | 2 |  |  | — |  |  | (10 | )
Net current-period other comprehensive income (loss) | 27 |  |  | (113 | ) |  | (75 | ) |  | (161 | )
Balance at June 30, 2017 | $ | (18 | ) |  | $ | (39 | ) |  | $ | (1 | ) |  | $ | (58 | )
Other comprehensive income (loss) before reclassifications | (2 | ) |  | 18 |  |  | 25 |  |  | 41 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  | (18 | ) |  | (18 | )
Income tax benefit (expense) related to items of other comprehensive income (loss) | 1 |  |  | — |  |  | (5 | ) |  | (4 | )
Net current-period other comprehensive income (loss) | (1 | ) |  | 18 |  |  | 2 |  |  | 19 |
Balance at June 29, 2018 | $ | (19 | ) |  | $ | (21 | ) |  | $ | 1 |  |  | $ | (39 | )
The following table illustrates the significant amounts of each component reclassified out of AOCI to the Consolidated Statements of Operations:
AOCI Component |  | 2018 |  | 2017 |  | 2016 |  | Statement of Operations Line Item
| (in millions) |  |
Unrealized holding gain (loss) on designated hedging activities: |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 16 |  |  | $ | 33 |  |  | $ | (17 | ) |  | Cost of revenue
Foreign exchange contracts |  | 2 |  |  | (3 | ) |  | (34 | ) |  | Research and development
Total reclassifications for the period |  | $ | 18 |  |  | $ | 30 |  |  | $ | (51 | ) |  |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration