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Supplemental Financial Statement Data | 9 Months Ended
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Mar. 31, 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. During the nine months ended March 31, 2023 and April 1, 2022, the Company sold trade accounts receivable aggregating $626 million and $100 million, respectively. The discounts on the trade accounts receivable sold were not material and were recorded within Other income, net in the Condensed Consolidated Statements of Operations. As of March 31, 2023 and July 1, 2022, the amount of factored receivables that remained outstanding was $235 million and $300 million, respectively. Inventories
| March 31, 2023 |  | July 1, 2022
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 2,204 |  |  | $ | 1,603 |
Work-in-process | 1,025 |  |  | 1,162 |
Finished goods | 750 |  |  | 873 |
Total inventories | $ | 3,979 |  |  | $ | 3,638 |
Property, plant and equipment, net
| March 31, 2023 |  | July 1, 2022
| (in millions)
Property, plant and equipment: |  |  |
Land | $ | 269 |  |  | $ | 269 |
Buildings and improvements | 1,957 |  |  | 1,920 |
Machinery and equipment | 8,716 |  |  | 8,642 |
Computer equipment and software | 510 |  |  | 494 |
Furniture and fixtures | 55 |  |  | 54 |
Construction-in-process | 756 |  |  | 591 |
Property, plant and equipment, gross | 12,263 |  |  | 11,970 |
Accumulated depreciation | (8,595) |  |  | (8,300) |
Property, plant and equipment, net | $ | 3,668 |  |  | $ | 3,670 |
Other Intangible assets, net
| March 31, 2023 |  | July 1, 2022
| (in millions)
Other Intangible assets: |  |  |
Finite-lived intangible assets | $ | 5,493 |  |  | $ | 5,493 |
In-process research and development | 80 |  |  | 80 |
Accumulated amortization | (5,476) |  |  | (5,360) |
Other Intangible assets, net | $ | 97 |  |  | $ | 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 |  | Nine Months Ended |  |
| March 31, 2023 |  | April 1, 2022 |  | March 31, 2023 |  | April 1, 2022 |  |
| (in millions)
Warranty accrual, beginning of period | $ | 289 |  |  | $ | 351 |  |  | $ | 345 |  |  | $ | 363 |  |  |
Charges to operations | 26 |  |  | 35 |  |  | 83 |  |  | 111 |  |  |
Utilization | (43) |  |  | (20) |  |  | (137) |  |  | (71) |  |  |
Changes in estimate related to pre-existing warranties | — |  |  | (11) |  |  | (19) |  |  | (48) |  |  |
Warranty accrual, end of period | $ | 272 |  |  | $ | 355 |  |  | $ | 272 |  |  | $ | 355 |  |  |
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:
| March 31, 2023 |  | July 1, 2022 |  |  |  |  |  |
| (in millions)
Warranty accrual: |  |  |  |  |  |  |  |  |
Current portion (included in Accrued expenses) | $ | 117 |  |  | $ | 162 |  |  |  |  |  |  |
Long-term portion (included in Other liabilities) | 155 |  |  | 183 |  |  |  |  |  |  |
Total warranty accrual | $ | 272 |  |  | $ | 345 |  |  |  |  |  |  |
Other liabilities
| March 31, 2023 |  | July 1, 2022
| (in millions)
Other liabilities: |  |  |
Non-current net tax payable | $ | 462 |  |  | $ | 659 |
Non-current portion of unrecognized tax benefits | 439 |  |  | 477 |
Other non-current liabilities | 604 |  |  | 643 |
Total other liabilities | $ | 1,505 |  |  | $ | 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 income before reclassifications | (1) |  |  | 8 |  |  |  |  |  |  | (17) |  |  | (10) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  |  |  | 250 |  |  | 250 |
Income tax benefit related to items of other comprehensive loss | — |  |  | 1 |  |  |  |  |  |  | (49) |  |  | (48) |
Net current-period other comprehensive income | (1) |  |  | 9 |  |  |  |  |  |  | 184 |  |  | 192 |
Balance at March 31, 2023 | $ | (12) |  |  | $ | (268) |  |  |  |  |  |  | $ | (82) |  |  | $ | (362) |
During the three and nine months ended March 31, 2023, the amounts reclassified out of AOCI were losses related to foreign exchange contracts and gains related to interest rate swap contracts. Losses reclassified out of AOCI related to foreign exchange contracts were $79 million and $260 million for the three and nine months ended March 31, 2023, respectively, that were substantially charged to Cost of revenue in the Condensed Consolidated Statements of Operations. Gains reclassified out of AOCI related to interest rate swap contracts were $6 million and $10 million for the three and nine months ended March 31, 2023, respectively, that were charged to Interest expense in the Condensed Consolidated Statements of Operations. As of March 31, 2023, substantially all 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 March 31, 2023, 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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