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Employee Termination, Asset Impairment and Other Charges (Tables)

12 Months Ended

Jul. 02, 2021

Postemployment Benefits [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The Company recorded the following charges related to employee termination benefits, asset impairment, and other charges:

															2021						2020						2019
															(in millions)
Employee termination and other charges:
Closure of Foreign Manufacturing Facilities															$	—					$	5					$	22
Business Realignment															28						44						144
Total employee termination and other charges															28						49						166
Gain on disposition of assets:
Business Realignment															(75)						(17)						—
Total gain on disposition of assets															(75)						(17)						—
Total employee termination, asset impairment, and other charges															$	(47)					$	32					$	166

The following table presents an analysis of the components of the activity against the reserve during the year ended July 2, 2021:

			Employee Termination Benefits						Contract Termination and Other						Total
			(in millions)
Accrual balance at July 3, 2020			$	13					$	—					$	13
Charges			25						3						28
Cash payments			(36)						(3)						(39)
Accrual balance at July 2, 2021			$	2					$	—					$	2

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- References

No definition available.

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X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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