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Commitments, Contingencies and Related Parties (Tables) | 12 Months Ended
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Jun. 28, 2019
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 28, 2019 and June 29, 2018:
| June 28, 2019 |  | June 29, 2018
| (in millions)
Notes receivable, Flash Partners | $ | 551 |  |  | $ | 767 |
Notes receivable, Flash Alliance | 878 |  |  | 48 |
Notes receivable, Flash Forward | 743 |  |  | 700 |
Investment in Flash Partners | 200 |  |  | 191 |
Investment in Flash Alliance | 296 |  |  | 283 |
Investment in Flash Forward | 123 |  |  | 116 |
Total notes receivable and investments in Flash Ventures | $ | 2,791 |  |  | $ | 2,105 |
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 28, 2019, is presented below. Investments in Flash Ventures are denominated in Japanese yen, and the maximum estimable loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.
| June 28, 2019
Notes receivable | $ | 2,172 |
Equity investments | 619 |
Operating lease guarantees | 1,575 |
Inventory | 197 |
Maximum estimable loss exposure | $ | 4,563 |
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 28, 2019.
| Lease Amounts
| (Japanese yen, in billions) |  | (U.S. dollar, in millions)
Total guarantee obligations | ¥ | 170 |  |  | $ | 1,575 |
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 28, 2019 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of June 28, 2019:
Annual Installments |  | Payment of Principal Amortization |  | Purchase Option Exercise Price at Final Lease Terms |  | Guarantee Amount
|  | (in millions)
2020 |  | $ | 419 |  |  | $ | 66 |  |  | $ | 485 |
2021 |  | 321 |  |  | 109 |  |  | 430 |
2022 |  | 235 |  |  | 50 |  |  | 285 |
2023 |  | 137 |  |  | 67 |  |  | 204 |
2024 |  | 51 |  |  | 120 |  |  | 171 |
Thereafter |  | — |  |  | — |  |  | — |
Total guarantee obligations |  | $ | 1,163 |  |  | $ | 412 |  |  | $ | 1,575 |
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 28, 2019 are as follows:
|  | Lease Amounts
|  | (in millions)
Fiscal year |  |
2020 |  | $ | 59 |
2021 |  | 45 |
2022 |  | 33 |
2023 |  | 22 |
2024 |  | 16 |
Thereafter |  | 116 |
Total future minimum lease payments |  | $ | 291 |
Schedule of Rent Expense | Net rent expense was as follows:
| 2019 |  | 2018 |  | 2017
| (In millions)
Rent expense, net | $ | 47 |  |  | $ | 49 |  |  | $ | 56 |
Schedule of Long-term Purchase Commitments | As of June 28, 2019, annual future debt payments were as follows:
|  | Future Debt Payments
|  | (in millions)
Fiscal year |  |
2020 |  | $ | 276 |
2021 |  | 311 |
2022 |  | 276 |
2023 |  | 6,431 |
2024 |  | 1,100 |
2025 and thereafter |  | 2,300 |
Total debt maturities |  | 10,694 |
Issuance costs and debt discounts |  | (172 | )
Net carrying value |  | $ | 10,522 |
As of June 28, 2019, the Company had the following minimum long-term commitments:
|  | Long-term purchase commitments
|  | (in millions)
Fiscal year |  |
2020 |  | $ | 136 |
2021 |  | 244 |
2022 |  | 263 |
2023 |  | 154 |
2024 |  | 40 |
Thereafter |  | 210 |
Total |  | $ | 1,047 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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- Definition Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12069-110248 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12265-110248 + Details
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- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 + Details
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- Definition Disclosure of investments in and notes receivable from a joint venture accounted for under the equity-method. + References No definition available. + Details
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- Definition Represents the guarantor's disclosures which should include the information about each guarantee, or each group of similar guarantees, even if the likelihood of the guarantor's having to make any payments under the guarantee is remote. This excludes disclosures for product warranties. + References No definition available. + Details
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- Definition Enterprise's maximum exposure to loss as a result of its involvement with the VIE, including how the maximum exposure is determined, the significant sources of the enterprise's exposure to the VIE, and the differences between the maximum exposure to loss and the liability recognized in its financial statements. It may also include factors such as the fair market value at which the registrant is carrying an asset and registrant guarantees. Also, whether the enterprise's maximum exposure to loss as a result of its involvement with the VIE cannot be quantified. In general, a VIE is a corporation, partnership, trust, or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE often holds financial assets, including loans or receivables, real estate or other property. A VIE may be essentially passive or it may engage in research and development or other activities on behalf of another company. + References No definition available. + Details
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