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v3.23.2

Supplemental Financial Statement Data (Tables) | 12 Months Ended
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Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Inventories | Inventories
| June 30, 2023 |  | July 1, 2022
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 2,096 |  |  | $ | 1,603 |
Work-in-process | 979 |  |  | 1,162 |
Finished goods | 623 |  |  | 873 |
Total inventories | $ | 3,698 |  |  | $ | 3,638 |
Schedule of Property, Plant and Equipment | Property, plant and equipment, net
| June 30, 2023 |  | July 1, 2022
| (in millions)
Property, plant and equipment: |  |  |
Land | $ | 269 |  |  | $ | 269 |
Buildings and improvements | 1,955 |  |  | 1,920 |
Machinery and equipment | 8,704 |  |  | 8,642 |
Computer equipment and software | 470 |  |  | 494 |
Furniture and fixtures | 54 |  |  | 54 |
Construction-in-process | 798 |  |  | 591 |
Property, plant and equipment, gross | 12,250 |  |  | 11,970 |
Accumulated depreciation | (8,630) |  |  | (8,300) |
Property, plant and equipment, net | $ | 3,620 |  |  | $ | 3,670 |
Schedule of Intangible Assets | The following tables present intangible assets as of June 30, 2023 and July 1, 2022:
| June 30, 2023 |  |
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  |
| (in years) |  | (in millions) |  |
Finite-lived: |  |  |  |  |  |  |  |  |
Existing technology | 3 |  | $ | 4,231 |  |  | $ | (4,231) |  |  | $ | — |  |  |
Trade names and trademarks | 7 |  | 648 |  |  | (648) |  |  | — |  |  |
Customer relationships | 6 |  | 611 |  |  | (611) |  |  | — |  |  |
Leasehold interests | 31 |  | 1 |  |  | (1) |  |  | — |  |  |
Total finite intangible assets |  |  | 5,491 |  |  | (5,491) |  |  | — |  |  |
In-process research and development |  |  | 80 |  |  | — |  |  | 80 |  |  |
Total intangible assets |  |  | $ | 5,571 |  |  | $ | (5,491) |  |  | $ | 80 |  |  |
| July 1, 2022
| Weighted Average Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
| (in years) |  | (in millions)
Finite-lived: |  |  |  |  |  |  |
Existing technology | 3 |  | $ | 4,231 |  |  | $ | (4,231) |  |  | $ | — |
Trade names and trademarks | 7 |  | 648 |  |  | (573) |  |  | 75 |
Customer relationships | 6 |  | 613 |  |  | (555) |  |  | 58 |
Leasehold interests | 31 |  | 1 |  |  | (1) |  |  | — |
Total finite intangible assets |  |  | 5,493 |  |  | (5,360) |  |  | 133 |
In-process research and development |  |  | 80 |  |  | — |  |  | 80 |
Total intangible assets |  |  | $ | 5,573 |  |  | $ | (5,360) |  |  | $ | 213 |
Schedule of Movement in Standard Product Warranty Accrual and Total Warranty Accrual | Product warranty liability Changes in the warranty accrual were as follows:
|  |  |  |  | 2023 |  | 2022 |  | 2021
|  |  |  |  | (in millions)
Warranty accrual, beginning of period |  |  |  |  | $ | 345 |  |  | $ | 363 |  |  | $ | 408 |
Charges to operations |  |  |  |  | 106 |  |  | 146 |  |  | 137 |
Utilization |  |  |  |  | (169) |  |  | (103) |  |  | (106) |
Changes in estimate related to pre-existing warranties |  |  |  |  | (38) |  |  | (61) |  |  | (76) |
Warranty accrual, end of period |  |  |  |  | $ | 244 |  |  | $ | 345 |  |  | $ | 363 |
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:
| 2023 |  | 2022 |  |  |  |  |  |
| (in millions)
Warranty accrual |  |  |  |  |  |  |  |  |
Current portion (included in Accrued expenses) | $ | 97 |  |  | $ | 162 |  |  |  |  |  |  |
Long-term portion (included in Other liabilities) | 147 |  |  | 183 |  |  |  |  |  |  |
Total warranty accrual | $ | 244 |  |  | $ | 345 |  |  |  |  |  |  |
Schedule of Other Noncurrent Liabilities | Other liabilities
| 2023 |  | 2022
| (in millions)
Other liabilities: |  |  |
Non-current net tax payable | $ | 464 |  |  | $ | 659 |
Non-current portion of unrecognized tax benefits | 408 |  |  | 477 |
Other non-current liabilities | 543 |  |  | 643 |
Total other liabilities | $ | 1,415 |  |  | $ | 1,779 |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table illustrates the changes in the balances of each component of AOCL:
| Actuarial Pension Losses |  | Foreign Currency Translation Adjustment |  |  |  |  |  | Unrealized Losses on Derivative Contracts |  | Total Accumulated Comprehensive Loss
| (in millions)
Balance at July 2, 2021 | $ | (35) |  |  | $ | (38) |  |  |  |  |  |  | $ | (124) |  |  | $ | (197) |
Other comprehensive income (loss) before reclassifications | 26 |  |  | (239) |  |  |  |  |  |  | (352) |  |  | (565) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  |  |  | 172 |  |  | 172 |
Income tax benefit (expense) related to items of other comprehensive income (loss) | (2) |  |  | — |  |  |  |  |  |  | 38 |  |  | 36 |
Net current-period other comprehensive income (loss) | 24 |  |  | (239) |  |  |  |  |  |  | (142) |  |  | (357) |
Balance at July 1, 2022 | (11) |  |  | (277) |  |  |  |  |  |  | (266) |  |  | (554) |
Other comprehensive income (loss) before reclassifications | 12 |  |  | (81) |  |  |  |  |  |  | (213) |  |  | (282) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  |  |  | 351 |  |  | 351 |
Income tax benefit (expense) related to items of other comprehensive income (loss) | (3) |  |  | 1 |  |  |  |  |  |  | (29) |  |  | (31) |
Net current-period other comprehensive income (loss) | 9 |  |  | (80) |  |  |  |  |  |  | 109 |  |  | 38 |
Balance at June 30, 2023 | $ | (2) |  |  | $ | (357) |  |  |  |  |  |  | $ | (157) |  |  | $ | (516) |

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