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Balance Sheet Information (Tables)
 12 Months Ended
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.