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Commitments, Contingencies and Related Parties (Tables)
12 Months Ended
Jun. 29, 2018
Commitments and Contingencies Disclosure [Abstract]  
Notes Receivable and Investments in Related Parties
The following table presents the notes receivable from, and equity investments in, Flash Ventures as of June 29, 2018 and June 30, 2017:
 
June 29,
2018
 
June 30,
2017
 
(in millions)
Notes receivable, Flash Partners
$
767

 
$
264

Notes receivable, Flash Alliance
48

 
119

Notes receivable, Flash Forward
700

 
379

Investment in Flash Partners
191

 
187

Investment in Flash Alliance
283

 
279

Investment in Flash Forward
116

 
112

Total notes receivable and investments in Flash Ventures
$
2,105

 
$
1,340

Variable Interest Entity Maximum Loss Exposure
The Company’s maximum reasonably estimable loss exposure (excluding lost profits) as a result of its involvement with Flash Ventures, based upon the Japanese yen to U.S. dollar exchange rate at June 29, 2018, is presented below. Investments in Flash Ventures are denominated in Japanese yen, and the maximum possible loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.
 
June 29,
2018
 
 
Notes receivable
$
1,515

Equity investments
590

Operating lease guarantees
1,223

Inventory and prepayments
282

Maximum estimable loss exposure
$
3,610


Schedule of Guarantor Obligations
The following table presents the Company’s portion of the remaining guarantee obligations under the Flash Ventures’ lease facilities in both Japanese yen and U.S. dollar-equivalent, based upon the Japanese yen to U.S. dollar exchange rate as of June 29, 2018.
 
Lease Amounts
 
(Japanese yen, in billions)
 
(U.S. dollar, in millions)
Total guarantee obligations
¥
135

 
$
1,223

Remaining Guarantee Obligations
The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the Flash Ventures lease agreements, in annual installments as of June 29, 2018 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of June 29, 2018:
Annual Installments
 
Payment of Principal Amortization
 
Purchase Option Exercise Price at Final Lease Terms
 
Guarantee Amount
 
 
(in millions)
2019
 
$
341

 
$
24

 
$
365

2020
 
218

 
45

 
263

2021
 
201

 
104

 
305

2022
 
112

 
70

 
182

2023
 
38

 
28

 
66

Thereafter
 
5

 
37


42

Total guarantee obligations
 
$
915

 
$
308

 
$
1,223

Schedule of Future Minimum Rental Payments for Operating Leases
Future minimum lease payments under operating leases that have initial non-cancelable lease terms in excess of one year at June 29, 2018 are as follows:
 
 
Lease Amounts
 
 
(in millions)
Fiscal year
 
 
2019
 
$
53

2020
 
45

2021
 
35

2022
 
23

2023
 
14

Thereafter
 
20

Total future minimum lease payments
 
$
190

Schedule of Rent Expense
Net rent expense was as follows:
 
2018
 
2017
 
2016
 
(In millions)
Rent expense, net
$
49

 
$
56

 
$
59

Purchase Obligation, Fiscal Year Maturity Schedule
As of June 29, 2018, the Company had the following minimum long-term purchase commitments:

 
 
Long-term purchase commitments
 
 
(in millions)
Fiscal year
 
 
2019
 
$
135

2020
 
141

2021
 
137

2022
 
150

2023 and thereafter
 
170

Total
 
$
733