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Supplemental Financial Statement Data | 3 Months Ended
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Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Financial Statement Data | Supplemental Financial Statement Data Accounts receivable, net From time to time, in connection with factoring agreements, the Company sells trade accounts receivable without recourse to third party purchasers in exchange for cash. During the three months ended September 30, 2022, the Company sold trade accounts receivable aggregating $291 million. The Company did not sell any trade accounts receivable during the three months ended October 1, 2021. The discounts on the trade accounts receivable sold were not material and were recorded within Other income (expense), net in the Condensed Consolidated Statements of Operations. As of September 30, 2022 and July 1, 2022, the amount of factored receivables that remained outstanding was $291 million and $300 million, respectively. Inventories
| September 30, 2022 |  | July 1, 2022
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 1,809 |  |  | $ | 1,603 |
Work-in-process | 1,130 |  |  | 1,162 |
Finished goods | 923 |  |  | 873 |
Total inventories | $ | 3,862 |  |  | $ | 3,638 |
Property, plant and equipment, net
| September 30, 2022 |  | July 1, 2022
| (in millions)
Property, plant and equipment: |  |  |
Land | $ | 269 |  |  | $ | 269 |
Buildings and improvements | 1,945 |  |  | 1,920 |
Machinery and equipment | 8,734 |  |  | 8,642 |
Computer equipment and software | 499 |  |  | 494 |
Furniture and fixtures | 54 |  |  | 54 |
Construction-in-process | 642 |  |  | 591 |
Property, plant and equipment, gross | 12,143 |  |  | 11,970 |
Accumulated depreciation | (8,425) |  |  | (8,300) |
Property, plant and equipment, net | $ | 3,718 |  |  | $ | 3,670 |
Other Intangible assets
| September 30, 2022 |  | July 1, 2022
| (in millions)
Other Intangible assets: |  |  |
Finite-lived intangible assets | $ | 5,715 |  |  | $ | 5,493 |
In-process research and development | 80 |  |  | 80 |
Accumulated amortization | (5,621) |  |  | (5,360) |
Other Intangible assets, net | $ | 174 |  |  | $ | 213 |
As part of prior acquisitions, the Company recorded at the time of the acquisition acquired in-process research and development (“IPR&D”) for projects in progress that had not yet reached technological feasibility. IPR&D is initially accounted for as an indefinite-lived intangible asset. Once a project reaches technological feasibility, the Company reclassifies the balance to existing technology and begins to amortize the intangible asset over its estimated useful life. Product warranty liability Changes in the warranty accrual were as follows:
| Three Months Ended |  |  |  |
| September 30, 2022 |  | October 1, 2021 |  |  |  |  |  |
| (in millions)
Warranty accrual, beginning of period | $ | 345 |  |  | $ | 363 |  |  |  |  |  |  |
Charges to operations | 32 |  |  | 40 |  |  |  |  |  |  |
Utilization | (34) |  |  | (23) |  |  |  |  |  |  |
Changes in estimate related to pre-existing warranties | (3) |  |  | (10) |  |  |  |  |  |  |
Warranty accrual, end of period | $ | 340 |  |  | $ | 370 |  |  |  |  |  |  |
The current portion of the warranty accrual is classified in Accrued expenses and the long-term portion is classified in Other liabilities as noted below:
| September 30, 2022 |  | July 1, 2022 |  |  |  |  |  |
| (in millions)
Warranty accrual: |  |  |  |  |  |  |  |  |
Current portion (included in Accrued expenses) | $ | 144 |  |  | $ | 162 |  |  |  |  |  |  |
Long-term portion (included in Other liabilities) | 196 |  |  | 183 |  |  |  |  |  |  |
Total warranty accrual | $ | 340 |  |  | $ | 345 |  |  |  |  |  |  |
Other liabilities
| September 30, 2022 |  | July 1, 2022
| (in millions)
Other liabilities: |  |  |
Non-current net tax payable | $ | 460 |  |  | $ | 659 |
Non-current portion of unrecognized tax benefits | 453 |  |  | 477 |
Other non-current liabilities | 629 |  |  | 643 |
Total other liabilities | $ | 1,542 |  |  | $ | 1,779 |
Accumulated other comprehensive loss Accumulated other comprehensive loss (“AOCI”), net of tax refers to expenses, gains and losses that are recorded as an element of shareholders’ equity but are excluded from net income. The following table illustrates the changes in the balances of each component of AOCI:
| Actuarial Pension Losses |  | Foreign Currency Translation Adjustment |  |  |  |  |  | Unrealized Losses on Derivative Contracts |  | Total Accumulated Comprehensive Loss
| (in millions)
Balance at July 1, 2022 | $ | (11) |  |  | $ | (277) |  |  |  |  |  |  | $ | (266) |  |  | $ | (554) |
Other comprehensive loss before reclassifications | — |  |  | (80) |  |  |  |  |  |  | (140) |  |  | (220) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  |  |  | 64 |  |  | 64 |
Income tax benefit related to items of other comprehensive loss | — |  |  | — |  |  |  |  |  |  | 16 |  |  | 16 |
Net current-period other comprehensive loss | — |  |  | (80) |  |  |  |  |  |  | (60) |  |  | (140) |
Balance at September 30, 2022 | $ | (11) |  |  | $ | (357) |  |  |  |  |  |  | $ | (326) |  |  | $ | (694) |
During the three months ended September 30, 2022, the amounts reclassified out of AOCI were losses related to foreign exchange contracts and interest rate swap contracts. Losses reclassified out of AOCI related to foreign exchange contracts were $62 million for the three months ended September 30, 2022 that were substantially charged to Cost of revenue in the Condensed Consolidated Statements of Operations. Losses reclassified out of AOCI related to interest rate swap contracts were $2 million for the three months ended September 30, 2022 that were charged to Interest expense in the Condensed Consolidated Statements of Operations. As of September 30, 2022, substantially all of existing net losses related to cash flow hedges recorded in AOCI are expected to be reclassified to earnings within the next twelve months. In addition, as of September 30, 2022, the Company did not have any foreign exchange forward contracts with credit-risk-related contingent features.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI https://asc.fasb.org/topic&trid=2122208 + Details
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