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v3.22.2.2

Debt (Tables) | 12 Months Ended
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Jul. 01, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following as of July 1, 2022 and July 2, 2021:
| July 1, 2022 |  | July 2, 2021
| (in millions)
1.50% convertible notes due 2024 | $ | 1,100 |  |  | $ | 1,100 |
4.75% senior unsecured notes due 2026 | 2,300 |  |  | 2,300 |
Variable interest rate Term Loan A-2 maturing 2027 | 2,700 |  |  | — |
2.85% senior unsecured notes due 2029 | 500 |  |  | — |
3.10% senior unsecured notes due 2032 | 500 |  |  | — |
Variable interest rate Term Loan A-1 | — |  |  | 4,332 |
Variable interest rate Term Loan B-4 | — |  |  | 1,093 |
Total debt | 7,100 |  |  | 8,825 |
Issuance costs and debt discounts | (78) |  |  | (100) |
Subtotal | 7,022 |  |  | 8,725 |
Less current portion of long-term debt | — |  |  | (251) |
Long-term debt | $ | 7,022 |  |  | $ | 8,474 |
Schedule of Maturities of Long-term Debt | As of July 1, 2022, required annual future debt payments were as follows:
|  | Future Debt Payments
|  | (in millions)
Fiscal year: |  |
2024 |  | $ | 1,213 |
2025 |  | 150 |
2026 |  | 2,450 |
2027 |  | 2,287 |
2028 and thereafter |  | 1,000 |
Total debt maturities |  | 7,100 |
Issuance costs and debt discounts |  | (78) |
Net carrying value |  | $ | 7,022 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601 + Details
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