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Fair Value Measurements and Investments (Tables) | 6 Months Ended
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Dec. 29, 2023
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 29, 2023 and June 30, 2023, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
| December 29, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents - Money market funds | $ | 568 |  |  | $ | — |  |  | $ | — |  |  | $ | 568 |
Foreign exchange contracts | — |  |  | 39 |  |  | — |  |  | 39 |
Total assets at fair value | $ | 568 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 607 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 87 |  |  | $ | — |  |  | $ | 87 |
Total liabilities at fair value | $ | — |  |  | $ | 87 |  |  | $ | — |  |  | $ | 87 |
| June 30, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (in millions)
Assets: |  |  |  |  |  |  |
Cash equivalents - Money market funds | $ | 371 |  |  | $ | — |  |  | $ | — |  |  | $ | 371 |
Foreign exchange contracts | — |  |  | 35 |  |  | — |  |  | 35 |
Total assets at fair value | $ | 371 |  |  | $ | 35 |  |  | $ | — |  |  | $ | 406 |
Liabilities: |  |  |  |  |  |  |
Foreign exchange contracts | $ | — |  |  | $ | 192 |  |  | $ | — |  |  | $ | 192 |
Total liabilities at fair value | $ | — |  |  | $ | 192 |  |  | $ | — |  |  | $ | 192 |
Schedule of Related Costs and Fair Values Based on Quoted Market Prices | For financial instruments where the carrying value (which includes principal adjusted for any unamortized issuance costs, and discounts or premiums) differs from fair value (which is based on quoted market prices), the following table represents the related carrying value and fair value for each of the Company’s outstanding financial instruments. Each of the financial instruments presented below was categorized as Level 2 for all periods presented, based on the frequency of trading immediately prior to the end of the second quarter of 2024 and the fourth quarter of 2023, respectively.
| December 29, 2023 |  | June 30, 2023
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
| (in millions)
1.50% convertible notes due 2024 | $ | 592 |  |  | $ | 589 |  |  | $ | 1,099 |  |  | $ | 1,067 |
Variable interest rate Delayed Draw Term Loan due 2024 | 300 |  |  | 301 |  |  | — |  |  | — |
4.75% senior unsecured notes due 2026 | 2,295 |  |  | 2,257 |  |  | 2,293 |  |  | 2,193 |
Variable interest rate Term Loan A-2 maturing 2027 | 2,651 |  |  | 2,583 |  |  | 2,687 |  |  | 2,661 |
3.00% convertible notes due 2028 | 1,564 |  |  | 1,960 |  |  | — |  |  | — |
2.85% senior notes due 2029 | 496 |  |  | 430 |  |  | 496 |  |  | 400 |
3.10% senior notes due 2032 | 495 |  |  | 399 |  |  | 495 |  |  | 371 |
Total | $ | 8,393 |  |  | $ | 8,519 |  |  | $ | 7,070 |  |  | $ | 6,692 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Comparison and disclosure of financial instruments where the carrying value in the financial statements differs from the fair value. + References No definition available. + Details
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