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Debt (Tables)

12 Months Ended

Jul. 02, 2021

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following as of July 2, 2021 and July 3, 2020:

			July 2, 2021						July 3, 2020
			(in millions)
0.50% convertible senior notes due 2020			$	—					$	35
Variable interest rate Term Loan A-1 maturing 2023			4,332						4,583
Variable interest rate Term Loan B-4 maturing 2023			1,093						1,693
1.50% convertible notes due 2024			1,100						1,100
4.75% senior unsecured notes due 2026			2,300						2,300
Total debt			8,825						9,711
Issuance costs and debt discounts			(100)						(136)
Subtotal			8,725						9,575
Less current portion of long-term debt			(251)						(286)
Long-term debt			$	8,474					$	9,289

Schedule of Maturities of Long-term Debt

As of July 2, 2021, required annual future debt payments were as follows:

						Future Debt Payments
						(in millions)
Fiscal year:
2022						$	251
2023						5,174
2024						1,100
2025 and thereafter						2,300
Total debt maturities						8,825
Issuance costs and debt discounts						(100)
Net carrying value						$	8,725

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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