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Pensions and Other Post-Retirement Benefit Plans
 9 Months Ended
Apr. 01, 2022
Retirement Benefits [Abstract]  
Pensions and Other Post-Retirement Benefit Plans Pension and Other Post-Retirement Benefit Plans
The Company has pension and other post-retirement benefit plans in various countries. The Company’s principal pension plans are in Japan, Thailand and the Philippines. All pension and other post-retirement benefit plans outside of the Company’s Japan, Thailand and Philippines defined benefit pension plans (the “Pension Plans”) are immaterial to the Condensed Consolidated Financial Statements. The expected long-term rate of return on the Pension Plans assets is 2.5%.

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 period210 227 
Unfunded status$129 $132 

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 liabilities128 131 
Net amount recognized$129 $132 
Net periodic benefit costs were not material for the three and nine months ended April 1, 2022.