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Leases and Other Commitments (Tables)
9 Months Ended
Apr. 02, 2021
Leases [Abstract]  
Supplemental Balance Sheet Disclosures The following table summarizes supplemental balance sheet information related to operating leases as of April 2, 2021:
Lease Amounts
Minimum lease payments by fiscal year:($ in millions)
Remaining three months of 2021$12 
202240 
202333 
202433 
202531 
Thereafter147 
Total future minimum lease payments296 
Less: Imputed Interest(50)
Present value of lease liabilities246 
Less: Current portion (included in Accrued expenses)35 
Long-term operating lease liabilities (included in Other liabilities)$211 
Operating lease right-of-use assets (included in Other non-current assets)$232 
Weighted average remaining lease term in years8.5
Weighted average discount rate3.8 %
Supplemental Cash Flow Disclosures
The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:
Three Months EndedNine Months Ended
April 2,
2021
April 3,
2020
April 2,
2021
April 3,
2020
(in millions)
Cost of operating leases$12 $12 $37 $42 
Cash paid for operating leases12 12 38 41 
Operating lease assets obtained in exchange for operating lease liabilities28 51 
Long-term Purchase Agreements As of April 2, 2021, the Company had the following minimum long-term commitments:
Long-term commitments
(in millions)
Fiscal year:
Remaining three months of 2021$106 
2022583 
2023498 
2024314 
2025148 
Thereafter190 
Total$1,839