v2.4.0.8
Fair Value (Tables)
3 Months Ended
Sep. 27, 2013
Fair Value Disclosures [Abstract]  
Assets and liabilities that are measured at fair value on a recurring basis
 
Fair Value Measurements at Reporting Date Using
(Dollars in millions)
Quoted
Prices in
Active
Markets for
Identical
Instruments
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Balance
Assets:
 
 
 
 
 
 
 
Money market funds
$
692

 
$

 
$

 
$
692

Equity securities
3

 

 

 
3

Corporate bonds

 
214

 

 
214

Other debt securities

 
121

 

 
121

U.S. treasuries and agency bonds

 
84

 

 
84

Certificates of deposit

 
152

 

 
152

Commercial paper

 
908

 

 
908

Total cash equivalents and short-term investments
695

 
1,479

 

 
2,174

Restricted cash and investments:
 
 
 
 
 
 
 
Mutual Funds
82

 

 

 
82

Other debt securities
22

 
4

 

 
26

Auction rate securities

 

 
15

 
15

Derivative assets

 
4

 

 
4

Total assets
$
799

 
$
1,487

 
$
15

 
$
2,301

Liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$

 
$

 
$

 
$

Total liabilities
$

 
$

 
$

 
$

 
Fair Value Measurements at Reporting Date Using
(Dollars in millions)
Quoted
Prices in
Active
Markets for
Identical
Instruments
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Balance
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
692

 
$
993

 
$

 
$
1,685

Short-term investments
3

 
486

 

 
489

Restricted cash and investments
104

 
4

 

 
108

Other current assets

 

 

 

Other assets, net

 
4

 
15

 
19

Total assets
$
799

 
$
1,487

 
$
15

 
$
2,301

Liabilities:
 
 
 
 
 
 
 
     Accrued expenses
$

 
$

 
$

 
$

Total liabilities
$

 
$

 
$

 
$

Assets and liabilities that are measured at fair value on a recurring basis, by balance sheet grouping
 
Fair Value Measurements at Reporting Date Using
(Dollars in millions)
Quoted
Prices in
Active
Markets for
Identical
Instruments
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Balance
Assets:
 
 
 
 
 
 
 
Money market funds
$
787

 
$

 
$

 
$
787

Equity securities
4

 

 

 
4

Commercial paper

 
655

 

 
655

Corporate bonds

 
96

 

 
96

U.S. treasuries and agency bonds

 
149

 

 
149

Certificates of deposit

 
211

 

 
211

Other debt securities

 
106

 

 
106

Total cash equivalents and short-term investments
791

 
1,217

 

 
2,008

Restricted cash and investments:
 
 
 
 
 
 
 
Mutual Funds
74

 

 

 
74

Other debt securities
22

 
5

 

 
27

Auction rate securities

 

 
15

 
15

Derivative assets

 

 

 

Total assets
$
887

 
$
1,222

 
$
15

 
$
2,124

Liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$

 
$
(1
)
 
$

 
$
(1
)
Total liabilities
$

 
$
(1
)
 
$

 
$
(1
)
 
Fair Value Measurements at Reporting Date Using
(Dollars in millions)
Quoted
Prices in
Active
Markets for
Identical
Instruments
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Balance
Assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
787

 
$
741

 
$

 
$
1,528

Short-term investments
4

 
476

 

 
480

Restricted cash and investments
96

 
5

 

 
101

Other current assets

 

 

 

Other assets, net

 

 
15

 
15

Total assets
$
887

 
$
1,222

 
$
15

 
$
2,124

Liabilities:
 
 
 
 
 
 
 
     Accrued expenses
$

 
$
(1
)
 
$

 
$
(1
)
Total liabilities
$

 
$
(1
)
 
$

 
$
(1
)
Reconciliation of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
.
Schedule of Company's debt at amortized cost and fair value
 
 
September 27, 2013
 
June 28, 2013
(Dollars in millions)
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
6.8% Senior Notes due October 2016
 
$
334

 
$
375

 
$
335

 
$
370

7.75% Senior Notes due December 2018
 
238

 
265

 
238

 
259

6.875% Senior Notes due May 2020
 
600

 
660

 
600

 
644

7.00% Senior Notes due November 2021
 
600

 
666

 
600

 
645

4.75% Senior Notes due June 2023
 
1,000

 
971

 
1,000

 
938

Other
 
1

 
1

 
4

 
4

 
 
2,773

 
2,938

 
2,777

 
2,860

Less short-term borrowings and current portion of long-term debt
 
(1
)
 
(1
)
 
(3
)
 
(3
)
Long-term debt, less current portion
 
$
2,772

 
$
2,937

 
$
2,774

 
$
2,857