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Pensions and Other Post-retirement Benefit Plans
9 Months Ended
Mar. 29, 2019
Retirement Benefits [Abstract]  
Pensions and Other Post-retirement Benefit Plans
Pension and Other Post-Retirement Benefit Plans

The Company has pension and other post-retirement benefit plans in various countries. The Company’s principal pension plans are in Japan. All pension and other post-retirement benefit plans outside of the Company’s Japanese defined benefit pension plan (the “Japanese Plan”) are immaterial to the Condensed Consolidated Financial Statements. The expected long-term rate of return on the Japanese Plan assets is 2.5%.

Obligations and Funded Status

The following table presents the unfunded status of the benefit obligations for the Japanese Plan:
 
March 29,
2019
 
June 29,
2018
 
(in millions)
Benefit obligations
$
260

 
$
260

Fair value of plan assets
205

 
200

Unfunded status
$
55

 
$
60



The following table presents the unfunded amounts related to the Japanese Plan as recognized on the Company’s Condensed Consolidated Balance Sheets:
 
March 29,
2019
 
June 29,
2018
 
(in millions)
Current liabilities
$
1

 
$
1

Non-current liabilities
54

 
59

Net amount recognized
$
55

 
$
60



Net periodic benefit costs were not material for the three and nine months ended March 29, 2019.