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Pensions and Other Post-Retirement Benefit Plans (Tables) | 9 Months Ended
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Apr. 01, 2022
Retirement Benefits [Abstract] |
Schedule of Obligations and Funded Status | The following table presents the unfunded status of the benefit obligations for the Pension Plans:
| April 1, 2022 |  | July 2, 2021 |  |
| (in millions)
Benefit obligation at end of period | $ | 339 |  |  | $ | 359 |  |  |
Fair value of plan assets at end of period | 210 |  |  | 227 |  |  |
Unfunded status | $ | 129 |  |  | $ | 132 |  |  |
Schedule of Unfunded Amounts Recognized on Consolidated Balance Sheets | The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Condensed Consolidated Balance Sheets:
| April 1, 2022 |  | July 2, 2021
| (in millions)
Current liabilities | $ | 1 |  |  | $ | 1 |
Non-current liabilities | 128 |  |  | 131 |
Net amount recognized | $ | 129 |  |  | $ | 132 |

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- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a)(b)(c) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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