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Supplemental Financial Statement Data | 12 Months Ended
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Jun. 30, 2023
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. In 2023, 2022 and 2021, the Company sold trade accounts receivable aggregating $776 million, $400 million and $233 million, respectively. The discounts on the trade accounts receivable sold during the periods were not material and were recorded within Other income, net in the Consolidated Statements of Operations. As of June 30, 2023 and July 1, 2022, the amount of factored receivables that remained outstanding was $150 million and $300 million, respectively. 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 |
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 |
Depreciation expense for property, plant and equipment totaled $695 million, $708 million and $726 million in 2023, 2022 and 2021, respectively. 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 |
As part of prior acquisitions, the Company recorded at the time of the acquisition acquired 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. During 2023, 2022 and 2021, the Company did not record any impairment charges related to intangible assets. Intangible assets are amortized over the estimated useful lives based on the pattern in which the economic benefits are expected to be received. Amortization expense for intangible assets subject to amortization totaled $133 million, $221 million, and $486 million in 2023, 2022 and 2021, respectively. As of June 30, 2023, all finite-lived intangible assets were fully amortized. 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 |  |  |  |  |  |  |
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 |
Accumulated other comprehensive loss Accumulated other comprehensive loss (“AOCL”), 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 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) |
During 2023 and 2022, the amounts reclassified out of AOCL included gains of $10 million and losses of $47 million, respectively, related to interest rate swaps and losses of $361 million and $125 million, respectively, related to foreign exchange contracts. The gains and losses related to interest rate swaps were charged to interest expense and losses related to foreign contracts were substantially all charged to Cost of revenue in the Consolidated Statements of Operations.

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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 -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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