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Leases and Other Commitments (Tables) | 12 Months Ended
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Jul. 01, 2022
Leases [Abstract] |
Schedule of Lessee, Operating Leases, Supplemental Balance Sheet Disclosures | The following table summarizes supplemental balance sheet information related to operating leases as of July 1, 2022:
| Lease Amounts |  |  |  |  |  |  |  |
Minimum lease payments by fiscal year: | (in millions) |  |  |  |  |  |  |  |
2023 | $ | 48 |  |  |  |  |  |  |  |  |
2024 | 48 |  |  |  |  |  |  |  |  |
2025 | 44 |  |  |  |  |  |  |  |  |
2026 | 43 |  |  |  |  |  |  |  |  |
2027 | 39 |  |  |  |  |  |  |  |  |
Thereafter | 147 |  |  |  |  |  |  |  |  |
Total future minimum lease payments | 369 |  |  |  |  |  |  |  |  |
Less: Imputed Interest | 52 |  |  |  |  |  |  |  |  |
Present value of lease liabilities | 317 |  |  |  |  |  |  |  |  |
Less: Current portion (included in Accrued expenses) | 40 |  |  |  |  |  |  |  |  |
Long-term operating lease liabilities (included in Other liabilities ) | $ | 277 |  |  |  |  |  |  |  |  |
Operating lease right-of-use assets (included in Other non-current assets) | $ | 300 |  |  |  |  |  |  |  |  |
Weighted average remaining lease term in years | 8.3 |  |  |  |  |  |  |  |
Weighted average discount rate | 3.4 | % |  |  |  |  |  |  |  |
Schedule of Lease, Cost | The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases for the year ended July 1, 2022:
|  |  | July 1, 2022 |  |  |  |  |  |
|  |  | (in millions) |  |  |  |  |  |
Cost of operating leases |  |  | $ | 58 |  |  |  |  |  |  |
Cash paid for operating leases |  |  | 51 |  |  |  |  |  |  |
Operating lease assets obtained in exchange for operating lease liabilities |  |  | 137 |  |  |  |  |  |  |
Cost of operating leases was as follows:
| 2022 |  | 2021 |  | 2020
| (in millions)
Cost of operating leases | $ | 58 |  |  | $ | 50 |  |  | $ | 55 |
Schedule of Long-term Purchase Agreements | As of July 1, 2022, the Company had the following minimum long-term commitments:
|  | Long-term commitments
|  | (in millions)
Fiscal year: |  |
2023 |  | $ | 572 |
2024 |  | 348 |
2025 |  | 180 |
2026 |  | 53 |
2027 |  | 46 |
Thereafter |  | 150 |
Total |  | $ | 1,349 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
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- Definition Lessee, Operating Leases, Supplemental Balance Sheet Disclosures [Table Text Block] + References No definition available. + Details
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