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Balance Sheet Information (Tables) | 12 Months Ended
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Jun. 30, 2017
Disclosure Text Block Supplement [Abstract] |
Summary of fair value and amortized cost of investments, by major type | The following table summarizes, by major type, the fair value and amortized cost of the Company's investments as of July 1, 2016:
(Dollars in millions) |  | Amortized Cost |  | Unrealized Gain/(Loss) |  | Fair Value
Available-for-sale securities: |  |  |  |  |  |
Money market funds |  | $ | 232 |  |  | $ | — |  |  | $ | 232 |
Corporate bonds |  | 6 |  |  | — |  |  | 6 |
Certificates of deposit |  | 5 |  |  | — |  |  | 5 |
Total |  | $ | 243 |  |  | $ | — |  |  | $ | 243 |
Included in Cash and cash equivalents |  |  |  |  |  |  | $ | 230 |
Included in Short-term investments |  |  |  |  |  |  | 6 |
Included in Other current assets |  |  |  |  |  |  | 7 |
Total |  |  |  |  |  |  | $ | 243 |
The following table summarizes, by major type, the fair value and amortized cost of the Company's investments as of June 30, 2017:
(Dollars in millions) |  | Amortized Cost |  | Unrealized Gain/(Loss) |  | Fair Value
Available-for-sale securities: |  |  |  |  |  |
Money market funds |  | $ | 594 |  |  | $ | — |  |  | $ | 594 |
Time deposits and certificates of deposit |  | 584 |  |  | — |  |  | 584 |
Total |  | $ | 1,178 |  |  | $ | — |  |  | $ | 1,178 |
Included in Cash and cash equivalents |  |  |  |  |  |  | $ | 1,174 |
Included in Other current assets |  |  |  |  |  |  | 4 |
Total |  |  |  |  |  |  | $ | 1,178 |
Fair value and amortized cost of available-for-sale securities by contractual maturity | The fair value and amortized cost of the Company's investments classified as available-for-sale at June 30, 2017 by remaining contractual maturity was as follows:
(Dollars in millions) |  | Amortized Cost |  | Fair Value
Due in less than 1 year |  | $ | 1,178 |  |  | $ | 1,178 |
Due in 1 to 5 years |  | — |  |  | — |
Due in 6 to 10 years |  | — |  |  | — |
Thereafter |  | — |  |  | — |
Total |  | $ | 1,178 |  |  | $ | 1,178 |
Cash, Cash Equivalent, and Restricted Cash |
(Dollars in millions) |  | June 30, 2017 |  | July 1, 2016 |  | July 3, 2015 |  | June 27, 2014
Cash and cash equivalents |  | $ | 2,539 |  |  | $ | 1,125 |  |  | $ | 2,479 |  |  | $ | 2,634 |
Restricted cash included in Other current assets |  | 4 |  |  | 7 |  |  | 7 |  |  | 4 |
Total cash, cash equivalents, and restricted cash shown in the Statements of Cash Flows |  | $ | 2,543 |  |  | $ | 1,132 |  |  | $ | 2,486 |  |  | $ | 2,638 |
Accounts Receivable, net |
(Dollars in millions) |  | June 30, 2017 |  | July 1, 2016
Accounts receivable |  | $ | 1,204 |  |  | $ | 1,327 |
Allowance for doubtful accounts |  | (5 | ) |  | (9 | )
|  | $ | 1,199 |  |  | $ | 1,318 |
Activity in the allowance for doubtful accounts | Activity in the allowance for doubtful accounts is as follows:
(Dollars in millions) |  | Balance at Beginning of Period |  | Charges (Credit) to Operations |  | Deductions (a) |  | Balance at End of Period
Fiscal year ended July 3, 2015 |  | $ | 12 |  |  | — |  |  | (3 | ) |  | $ | 9 |
Fiscal year ended July 1, 2016 |  | $ | 9 |  |  | 1 |  |  | (1 | ) |  | $ | 9 |
Fiscal year ended June 30, 2017 |  | $ | 9 |  |  | (4 | ) |  | — |  |  | $ | 5 |
___________________________________
(a) | Uncollectible accounts written off, net of recoveries.
Inventories |
(Dollars in millions) |  | June 30, 2017 |  | July 1, 2016
Raw materials and components |  | $ | 350 |  |  | $ | 307 |
Work-in-process |  | 257 |  |  | 297 |
Finished goods |  | 375 |  |  | 264 |
|  | $ | 982 |  |  | $ | 868 |
Property, Equipment and Leasehold Improvements, net | The components of property, equipment and leasehold improvements, net were as follows:
(Dollars in millions) |  | Useful Life in Years |  | June 30, 2017 |  | July 1, 2016
Land and land improvements |  |  |  | $ | 54 |  |  | $ | 69 |
Equipment |  | 3 – 5 |  | 7,536 |  |  | 7,681 |
Buildings and leasehold improvements |  | Up to 30 |  | 1,899 |  |  | 1,900 |
Construction in progress |  |  |  | 144 |  |  | 234 |
|  |  |  | 9,633 |  |  | 9,884 |
Less: accumulated depreciation and amortization |  |  |  | (7,758 | ) |  | (7,724 | )
|  |  |  | $ | 1,875 |  |  | $ | 2,160 |
Accrued Expenses | The following table provides details of the accrued expenses balance sheet item:
(Dollars in millions) |  | June 30, 2017 |  | July 1, 2016
Dividends payable |  | $ | 184 |  |  | $ | — |
Other accrued expenses |  | 466 |  |  | 444 |
Total |  | $ | 650 |  |  | $ | 444 |
Accumulated Other Comprehensive Income (Loss) | The components of AOCI, net of tax, were as follows:
(Dollars in millions) |  | Unrealized Gains (Losses) on Cash Flow Hedges |  | Unrealized Gains (Losses) on Marketable Securities (a) |  | Unrealized Gains (Losses) on Post- Retirement Plans |  | Foreign Currency Translation Adjustments |  | Total
Balance at July 3, 2015 |  | $ | 1 |  |  | $ | — |  |  | $ | (15 | ) |  | $ | (16 | ) |  | $ | (30 | )
Other comprehensive income (loss) before reclassifications |  | (4 | ) |  | — |  |  | 8 |  |  | (1 | ) |  | 3 |
Amounts reclassified from AOCI |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Other comprehensive income (loss) |  | (2 | ) |  | — |  |  | 8 |  |  | (1 | ) |  | 5 |
Balance at July 1, 2016 |  | (1 | ) |  | — |  |  | (7 | ) |  | (17 | ) |  | (25 | )
Other comprehensive income (loss) before reclassifications |  | (3 | ) |  | — |  |  | — |  |  | 5 |  |  | 2 |
Amounts reclassified from AOCI |  | 4 |  |  | — |  |  | 2 |  |  | — |  |  | 6 |
Other comprehensive income (loss) |  | 1 |  |  | — |  |  | 2 |  |  | 5 |  |  | 8 |
Balance at June 30, 2017 |  | $ | — |  |  | $ | — |  |  | $ | (5 | ) |  | $ | (12 | ) |  | $ | (17 | )
___________________________________________
(a) | The cost of a security sold or the amount reclassified out of AOCI into earnings was determined using the specific identification method.

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