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Supplemental Financial Statement Data | 9 Months Ended
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Mar. 29, 2019
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 the nine months ended March 29, 2019, the Company sold trade accounts receivable and received cash proceeds of $702 million. The discounts on the trade accounts receivable sold during the period were not material and were recorded within Other income (expense), net in the Condensed Consolidated Financial Statements. During the nine months ended March 30, 2018, the Company did not sell any trade accounts receivable. Inventories
| March 29, 2019 |  | June 29, 2018
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 1,122 |  |  | $ | 1,048 |
Work-in-process | 955 |  |  | 878 |
Finished goods | 1,363 |  |  | 1,018 |
Total inventories | $ | 3,440 |  |  | $ | 2,944 |
Property, plant and equipment, net
| March 29, 2019 |  | June 29, 2018
| (in millions)
Property, plant, and equipment: |  |  |
Land | $ | 307 |  |  | $ | 306 |
Buildings and improvements | 2,012 |  |  | 1,949 |
Machinery and equipment | 7,593 |  |  | 7,209 |
Computer equipment and software | 460 |  |  | 440 |
Furniture and fixtures | 55 |  |  | 48 |
Construction-in-process | 211 |  |  | 234 |
Property, plant and equipment, gross | 10,638 |  |  | 10,186 |
Accumulated depreciation | (7,607 | ) |  | (7,091 | )
Property, plant, and equipment, net | $ | 3,031 |  |  | $ | 3,095 |
Goodwill The Company tests for impairment, at a minimum, on an annual basis or earlier where certain events or changes in circumstances indicate that goodwill may more likely than not be impaired. The Company has experienced fluctuations in the market price of its stock, which resulted in the Company’s market capitalization decreasing below book value for eleven trading days near the end of the second quarter and beginning of the third quarter of fiscal 2019. The fair value of the Company using a market capitalization approach based on the Company’s share price would include a control premium based on recent transactions that have occurred in the technology industry. This indicative fair value exceeded the Company’s book value; therefore, management did not believe that it was more likely than not that goodwill was impaired as of March 29, 2019. The Company’s regularly scheduled annual impairment test is performed as of the first day of its fiscal fourth quarter. The Company uses qualitative factors to determine whether goodwill is more likely than not impaired and whether a quantitative test for impairment is considered necessary. If the Company concludes from the qualitative assessment that goodwill is more likely than not impaired, the Company is required to perform a quantitative assessment to determine the amount of impairment. The Company is required to use judgment when applying the goodwill impairment test, including the identification of reporting units, assignment of assets, liabilities and goodwill to reporting units, and determination of the fair value of each reporting unit. In addition, the estimates used to determine the fair value of reporting units may change based on results of operations, macroeconomic conditions or other factors. The Company is in the process of completing its annual impairment test. If there are significant decreases in the Company’s stock price in the future or other unfavorable factors, the Company may be required to perform a goodwill impairment assessment, which may result in the recognition of a goodwill impairment that could be material to the Consolidated Financial Statements. Intangible assets
| March 29, 2019 |  | June 29, 2018
| (in millions)
Finite-lived intangible assets | $ | 5,824 |  |  | $ | 5,818 |
In-process research and development | 72 |  |  | 80 |
Accumulated amortization | (3,978 | ) |  | (3,218 | )
Intangible assets, net | $ | 1,918 |  |  | $ | 2,680 |
As part of prior acquisitions, the Company recorded at the time of the acquisition acquired in-process research and development (“IPR&D”) for projects in progress that had not yet reached technological feasibility. IPR&D is initially accounted for as an indefinite-lived intangible asset. Once a project reaches technological feasibility, the Company reclassifies the balance to existing technology and begins to amortize the intangible asset over its estimated useful life. During the three and nine months ended March 29, 2019, the Company reclassified $8 million of acquired IPR&D to existing technology and commenced amortization over its estimated useful life of 2 years. Product warranty liability Changes in the warranty accrual were as follows:
| Three Months Ended |  | Nine Months Ended
| March 29, 2019 |  | March 30, 2018 |  | March 29, 2019 |  | March 30, 2018
| (in millions)
Warranty accrual, beginning of period | $ | 337 |  |  | $ | 304 |  |  | $ | 318 |  |  | $ | 311 |
Charges to operations | 38 |  |  | 43 |  |  | 119 |  |  | 133 |
Utilization | (40 | ) |  | (37 | ) |  | (108 | ) |  | (118 | )
Changes in estimate related to pre-existing warranties | (4 | ) |  | (5 | ) |  | 2 |  |  | (21 | )
Warranty accrual, end of period | $ | 331 |  |  | $ | 305 |  |  | $ | 331 |  |  | $ | 305 |
The current portion of the warranty accrual is classified in Accrued expenses and the long-term portion is classified in Other liabilities as noted below:
| March 29, 2019 |  | June 29, 2018
| (in millions)
Warranty accrual |  |  |
Current portion | $ | 179 |  |  | $ | 168 |
Long-term portion | 152 |  |  | 150 |
Total warranty accrual | $ | 331 |  |  | $ | 318 |
Other liabilities
| March 29, 2019 |  | June 29, 2018
| (in millions)
Other non-current liabilities: |  |  |
Non-current net tax payable | $ | 930 |  |  | $ | 1,315 |
Other non-current liabilities | 1,248 |  |  | 940 |
Total other non-current liabilities | $ | 2,178 |  |  | $ | 2,255 |
Accumulated other comprehensive income (loss) Other comprehensive income (loss) (“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 Adjustment |  | Unrealized Gains (Losses) on Derivative Contracts |  | Total Accumulated Comprehensive Income (Loss)
| (in millions)
Balance at June 29, 2018 | $ | (19 | ) |  | $ | (21 | ) |  | $ | 1 |  |  | $ | (39 | )
Other comprehensive income (loss) before reclassifications | 1 |  |  | (8 | ) |  | (26 | ) |  | (33 | )
Amounts reclassified from accumulated other comprehensive income | — |  |  | — |  |  | 8 |  |  | 8 |
Income tax benefit related to items of other comprehensive loss | — |  |  | (1 | ) |  | 10 |  |  | 9 |
Net current-period other comprehensive loss | 1 |  |  | (9 | ) |  | (8 | ) |  | (16 | )
Balance at March 29, 2019 | $ | (18 | ) |  | $ | (30 | ) |  | $ | (7 | ) |  | $ | (55 | )
During the three and nine months ended March 29, 2019 and March 30, 2018, the amounts reclassified out of AOCI related to derivative contracts were not material and substantially all were charged to Cost of revenue in the Condensed Consolidated Statements of Operations.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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