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Pensions and Other Post-Retirement Benefit Plans
 6 Months Ended
Jan. 01, 2021
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, Thailand and the Philippines. All pension and other post-retirement benefit plans outside of the Company’s Japan, Thailand and Philippines defined benefit pension plans (the “Pension Plans”) are immaterial to the Condensed Consolidated Financial Statements. The expected long-term rate of return on the Pension Plans assets is 2.5%.

Obligations and Funded Status

The following table presents the unfunded status of the benefit obligations for the Pension Plans:
January 1,
2021		July 3,
2020
(in millions)
Benefit obligation at end of period$387 $366 
Fair value of plan assets at end of period227 215 
Unfunded status$160 $151 

The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Condensed Consolidated Balance Sheets:
January 1,
2021		July 3,
2020
(in millions)
Current liabilities$1 $1 
Non-current liabilities159 150 
Net amount recognized$160 $151 
Net periodic benefit costs were not material for the three and six months ended January 1, 2021.