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Leases and Other Commitments (Tables)
6 Months Ended
Jan. 01, 2021
Leases [Abstract]  
Supplemental Balance Sheet Disclosures The following table summarizes supplemental balance sheet information related to operating leases as of January 1, 2021:
Lease Amounts
Minimum lease payments by fiscal year:($ in millions)
Remaining six months of 2021$25 
202240 
202333 
202433 
202531 
Thereafter147 
Total future minimum lease payments309 
Less: Imputed Interest(55)
Present value of lease liabilities254 
Less: Current portion (included in Accrued expenses)38 
Long-term operating lease liabilities (included in Other liabilities)$216 
Operating lease right-of-use assets (included in Other non-current assets)$239 
Weighted average remaining lease term in years8.8
Weighted average discount rate4.2 %
Supplemental Cash Flow Disclosures
The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:
Three Months EndedSix Months Ended
January 1,
2021
January 3,
2020
January 1,
2021
January 3,
2020
(in millions)
Cost of operating leases$12 $18 $25 $30 
Cash paid for operating leases14 13 26 29 
Operating lease assets obtained in exchange for operating lease liabilities20 27 50 
Long-term Purchase Agreements As of January 1, 2021, the Company had the following minimum long-term commitments:
Long-term commitments
(in millions)
Fiscal year:
Remaining six months of 2021$226 
2022613 
2023562 
2024350 
2025148 
Thereafter190 
Total$2,089