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v3.20.2

Supplemental Financial Statement Data (Tables) | 12 Months Ended
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Jul. 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Inventories | Inventories
| July 3, 2020 |  | June 28, 2019
| (in millions) |  |
Inventories: |  |  |
Raw materials and component parts | $ | 1,306 |  |  | $ | 1,142 |
Work-in-process | 956 |  |  | 968 |
Finished goods | 808 |  |  | 1,173 |
Total inventories | $ | 3,070 |  |  | $ | 3,283 |
Property, Plant and Equipment | Property, plant and equipment, net
| July 3, 2020 |  | June 28, 2019
| (in millions) |  |
Property, plant and equipment: |  |  |
Land | $ | 294 |  |  | $ | 294 |
Buildings and improvements | 1,837 |  |  | 1,743 |
Machinery and equipment | 7,391 |  |  | 7,267 |
Computer equipment and software | 429 |  |  | 441 |
Furniture and fixtures | 52 |  |  | 56 |
Construction-in-process | 297 |  |  | 202 |
Property, plant and equipment, gross | 10,300 |  |  | 10,003 |
Accumulated depreciation | (7,446) |  |  | (7,160) |
Property, plant and equipment, net | $ | 2,854 |  |  | $ | 2,843 |
Schedule of Goodwill | Goodwill
| Carrying Amount
| (in millions)
Balance at June 29, 2018 | $ | 10,075 |
Foreign currency translation adjustment | 1 |
Balance at June 28, 2019 | $ | 10,076 |
Goodwill recorded in connection with an acquisition | 14 |
Reduction in goodwill in connection with disposition of business | (21) |
Foreign currency translation adjustment | (2) |
Balance at July 3, 2020 | $ | 10,067 |
Schedule of Intangible Assets | The following tables present intangible assets as of July 3, 2020 and June 28, 2019:
| July 3, 2020 |  |  |  |  |  |  |  |
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  |
| (in years) |  | (in millions) |  |  |  |  |  |
Finite: |  |  |  |  |  |  |  |  |
Existing technology | 3 |  | 4,248 |  |  | (3,852) |  |  | 396 |  |  |
Trade names and trademarks | 7 |  | 648 |  |  | (398) |  |  | 250 |  |  |
Customer relationships | 6 |  | 616 |  |  | (423) |  |  | 193 |  |  |
Leasehold interests | 31 |  | 29 |  |  | (7) |  |  | 22 |  |  |
Total finite intangible assets |  |  | 5,541 |  |  | (4,680) |  |  | 861 |  |  |
In-process research and development |  |  | 80 |  |  | — |  |  | 80 |  |  |
Total intangible assets |  |  | 5,621 |  |  | (4,680) |  |  | 941 |  |  |
| June 28, 2019 |  |  |  |  |  |
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
| (in years) |  | (in millions) |  |  |  |
Finite: |  |  |  |  |  |  |
Existing technology | 3 |  | 4,332 |  |  | (3,316) |  |  | 1,016 |
Trade names and trademarks | 7 |  | 648 |  |  | (310) |  |  | 338 |
Customer relationships | 6 |  | 635 |  |  | (372) |  |  | 263 |
Other | 2 |  | 180 |  |  | (180) |  |  | — |
Leasehold interests | 31 |  | 29 |  |  | (7) |  |  | 22 |
Total finite intangible assets |  |  | 5,824 |  |  | (4,185) |  |  | 1,639 |
In-process research and development |  |  | 72 |  |  | — |  |  | 72 |
Total intangible assets |  |  | 5,896 |  |  | (4,185) |  |  | 1,711 |
Schedule of Intangible Asset Amortization | Intangible assets are amortized over the estimated useful lives based on the pattern in which the economic benefits are expected to be received. Intangible asset amortization was as follows:
| 2020 |  | 2019 |  | 2018
| (in millions) |  |  |  |
Intangible asset amortization | $ | 769 |  |  | $ | 968 |  |  | $ | 1,185 |
Schedule of Future Amortization Expense | The following table presents estimated future amortization expense for intangible assets currently subject to amortization as of July 3, 2020:
|  | Future Intangible Asset Amortization Expenses
|  | (in millions)
Fiscal year: |  |
2021 |  | $ | 489 |
2022 |  | 220 |
2023 |  | 133 |
2024 and thereafter |  | 19 |
Total future amortization expense |  | $ | 861 |
Movement in Standard Product Warranty Accrual and Total Warranty Accrual | Product warranty liability Changes in the warranty accrual were as follows:
|  |  |  |  | 2020 |  | 2019 |  | 2018
|  |  |  |  | (in millions) |  |  |  |
Warranty accrual, beginning of period |  |  |  |  | $ | 350 |  |  | $ | 318 |  |  | $ | 311 |
Charges to operations |  |  |  |  | 203 |  |  | 162 |  |  | 176 |
Utilization |  |  |  |  | (151) |  |  | (142) |  |  | (151) |
Changes in estimate related to pre-existing warranties |  |  |  |  | 6 |  |  | 12 |  |  | (18) |
Warranty accrual, end of period |  |  |  |  | $ | 408 |  |  | $ | 350 |  |  | $ | 318 |
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:
| 2020 |  | 2019 |  |  |  |  |  |
| (in millions) |  |  |  |  |  |  |  |
Warranty accrual |  |  |  |  |  |  |  |  |
Current portion (included in Accrued expenses) | $ | 205 |  |  | $ | 188 |  |  |  |  |  |  |
Long-term portion (included in Other liabilities) | 203 |  |  | 162 |  |  |  |  |  |  |
Total warranty accrual | $ | 408 |  |  | $ | 350 |  |  |  |  |  |  |
Schedule of Other Noncurrent Liabilities | Other liabilities
| 2020 |  | 2019
| (in millions) |  |
Other liabilities: |  |  |
Non-current net tax payable | $ | 815 |  |  | $ | 928 |
Payables related to unrecognized tax benefits | 720 |  |  | 699 |
Other non-current liabilities | 881 |  |  | 713 |
Total other liabilities | $ | 2,416 |  |  | $ | 2,340 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table illustrates the changes in the balances of each component of 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 | (39) |  |  | 28 |  |  |  |  |  |  | (48) |  |  | (59) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  |  |  |  |  | 9 |  |  | 9 |
Income tax benefit (expense) related to items of other comprehensive income (loss) | 5 |  |  | (3) |  |  |  |  |  |  | 19 |  |  | 21 |
Net current-period other comprehensive income (loss) | (34) |  |  | 25 |  |  |  |  |  |  | (20) |  |  | (29) |
Balance at June 28, 2019 | $ | (53) |  |  | $ | 4 |  |  |  |  |  |  | $ | (19) |  |  | $ | (68) |
Other comprehensive loss before reclassifications | (1) |  |  | (7) |  |  |  |  |  |  | (87) |  |  | (95) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  |  |  | (6) |  |  | (6) |
Income tax benefit (expense) related to items of other comprehensive loss | (4) |  |  | 1 |  |  |  |  |  |  | 15 |  |  | 12 |
Net current-period other comprehensive loss | (5) |  |  | (6) |  |  |  |  |  |  | (78) |  |  | (89) |
Balance at July 3, 2020 | $ | (58) |  |  | $ | (2) |  |  |  |  |  |  | $ | (97) |  |  | $ | (157) |

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