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Supplemental Financial Statement Data | 6 Months Ended
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Dec. 29, 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 six months ended December 29, 2023 and December 30, 2022, the Company sold trade accounts receivable aggregating $392 million and $391 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 December 29, 2023 and June 30, 2023, the amount of factored receivables that remained outstanding was $115 million and $150 million, respectively. Inventories
| December 29, 2023 |  | June 30, 2023
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 1,692 |  |  | $ | 2,096 |
Work-in-process | 966 |  |  | 979 |
Finished goods | 558 |  |  | 623 |
Total inventories | $ | 3,216 |  |  | $ | 3,698 |
Property, plant and equipment, net
| December 29, 2023 |  | June 30, 2023
| (in millions)
Property, plant and equipment: |  |  |
Land | $ | 235 |  |  | $ | 269 |
Buildings and improvements | 1,828 |  |  | 1,955 |
Machinery and equipment | 8,684 |  |  | 8,704 |
Computer equipment and software | 472 |  |  | 470 |
Furniture and fixtures | 55 |  |  | 54 |
Construction-in-process | 771 |  |  | 798 |
Property, plant and equipment, gross | 12,045 |  |  | 12,250 |
Accumulated depreciation | (8,730) |  |  | (8,630) |
Property, plant and equipment, net | $ | 3,315 |  |  | $ | 3,620 |
Other Intangible assets, net 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. During the three months ended December 29, 2023, one IPR&D project reached technological feasibility and $8 million was reclassified from IPR&D to Existing technology and commenced amortization over an estimated useful life of three years. As of December 29, 2023 and June 30, 2023, IPR&D included in intangible assets, net was $72 million and $80 million, respectively. Product warranty liability Changes in the warranty accrual were as follows:
| Three Months Ended |  | Six Months Ended |  |
| December 29, 2023 |  | December 30, 2022 |  | December 29, 2023 |  | December 30, 2022 |  |
| (in millions)
Warranty accrual, beginning of period | $ | 218 |  |  | $ | 340 |  |  | $ | 244 |  |  | $ | 345 |  |  |
Charges to operations | 26 |  |  | 25 |  |  | 48 |  |  | 57 |  |  |
Utilization | (40) |  |  | (60) |  |  | (83) |  |  | (94) |  |  |
Changes in estimate related to pre-existing warranties | (2) |  |  | (16) |  |  | (7) |  |  | (19) |  |  |
Warranty accrual, end of period | $ | 202 |  |  | $ | 289 |  |  | $ | 202 |  |  | $ | 289 |  |  |
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:
| December 29, 2023 |  | June 30, 2023 |  |  |  |  |  |
| (in millions)
Warranty accrual: |  |  |  |  |  |  |  |  |
Current portion (included in Accrued expenses) | $ | 50 |  |  | $ | 97 |  |  |  |  |  |  |
Long-term portion (included in Other liabilities) | 152 |  |  | 147 |  |  |  |  |  |  |
Total warranty accrual | $ | 202 |  |  | $ | 244 |  |  |  |  |  |  |
Other liabilities
| December 29, 2023 |  | June 30, 2023
| (in millions)
Other liabilities: |  |  |
Non-current net tax payable | $ | 199 |  |  | $ | 464 |
Non-current portion of unrecognized tax benefits | 501 |  |  | 408 |
Other non-current liabilities | 697 |  |  | 543 |
Total other liabilities | $ | 1,397 |  |  | $ | 1,415 |
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 June 30, 2023 | $ | (2) |  |  | $ | (389) |  |  |  |  |  |  | $ | (157) |  |  | $ | (548) |
Other comprehensive loss before reclassifications | — |  |  | 20 |  |  |  |  |  |  | (35) |  |  | (15) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  |  |  | 76 |  |  | 76 |
Income tax expense related to items of other comprehensive loss | — |  |  | 1 |  |  |  |  |  |  | (7) |  |  | (6) |
Net current-period other comprehensive loss | — |  |  | 21 |  |  |  |  |  |  | 34 |  |  | 55 |
Balance at December 29, 2023 | $ | (2) |  |  | $ | (368) |  |  |  |  |  |  | $ | (123) |  |  | $ | (493) |
During the three and six months ended December 29, 2023, the amounts reclassified out of AOCL were losses related to foreign exchange contracts that were substantially charged to Cost of revenue in the Condensed Consolidated Statements of Operations. As of December 29, 2023, substantially all existing net losses related to cash flow hedges recorded in AOCL are expected to be reclassified to earnings within the next twelve months. In addition, as of December 29, 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 -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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