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Fair Value (Tables) | 9 Months Ended
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Apr. 02, 2021
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present the Company’s assets and liabilities, by financial instrument type and balance sheet line item, that are measured at fair value on a recurring basis, excluding accrued interest components, as of April 2, 2021:
|  | 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 |  | $ | 530 |  |  | $ | — |  |  | $ | — |  |  | $ | 530 |
Total cash equivalents |  | 530 |  |  | — |  |  | — |  |  | 530 |
Restricted cash and investments: |  |  |  |  |  |  |  |
Money market funds |  | 1 |  |  | — |  |  | — |  |  | 1 |
Time deposits and certificates of deposit |  | — |  |  | 1 |  |  | — |  |  | 1 |
Other debt securities |  | — |  |  | — |  |  | 18 |  |  | 18 |
Derivative assets |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total assets |  | $ | 531 |  |  | $ | 7 |  |  | $ | 18 |  |  | $ | 556 |
Liabilities: |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | — |  |  | $ | 16 |  |  | $ | — |  |  | $ | 16 |
Total liabilities |  | $ | — |  |  | $ | 16 |  |  | $ | — |  |  | $ | 16 |
The following tables present the Company’s assets and liabilities, by financial instrument type and balance sheet line item, that are measured at fair value on a recurring basis, excluding accrued interest components, as of July 3, 2020:
|  | 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 |  | $ | 494 |  |  | $ | — |  |  | $ | — |  |  | $ | 494 |
Time deposits and certificates of deposit |  | — |  |  | 55 |  |  | — |  |  | 55 |
Total cash equivalents |  | 494 |  |  | 55 |  |  | — |  |  | 549 |
Restricted cash and investments: |  |  |  |  |  |  |  |
Money market funds |  | 1 |  |  | — |  |  | — |  |  | 1 |
Time deposits and certificates of deposit |  | — |  |  | 1 |  |  | — |  |  | 1 |
Other debt securities |  | — |  |  | — |  |  | 18 |  |  | 18 |
Derivative assets |  | — |  |  | 6 |  |  | — |  |  | 6 |
Total assets |  | $ | 495 |  |  | $ | 62 |  |  | $ | 18 |  |  | $ | 575 |
Liabilities: |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | — |  |  | $ | 29 |  |  | $ | — |  |  | $ | 29 |
Total liabilities |  | $ | — |  |  | $ | 29 |  |  | $ | — |  |  | $ | 29 |
Schedule of Fair Value, by Balance Sheet Grouping, Measured on 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: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 530 |  |  | $ | — |  |  | $ | — |  |  | $ | 530 |
Other current assets |  | 1 |  |  | 7 |  |  | — |  |  | 8 |
Other assets, net |  | — |  |  | — |  |  | 18 |  |  | 18 |
Total assets |  | $ | 531 |  |  | $ | 7 |  |  | $ | 18 |  |  | $ | 556 |
Liabilities: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | — |  |  | $ | 16 |  |  | $ | — |  |  | $ | 16 |
Total liabilities |  | $ | — |  |  | $ | 16 |  |  | $ | — |  |  | $ | 16 |
|  | 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 |  | $ | 494 |  |  | $ | 55 |  |  | $ | — |  |  | $ | 549 |
Other current assets |  | 1 |  |  | 7 |  |  | — |  |  | 8 |
Other assets, net |  | — |  |  | — |  |  | 18 |  |  | 18 |
Total assets |  | $ | 495 |  |  | $ | 62 |  |  | $ | 18 |  |  | $ | 575 |
Liabilities: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | — |  |  | $ | 29 |  |  | $ | — |  |  | $ | 29 |
Total liabilities |  | $ | — |  |  | $ | 29 |  |  | $ | — |  |  | $ | 29 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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