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Balance Sheet Information (Tables)
 9 Months Ended 12 Months Ended
Apr. 02, 2021
Jul. 03, 2020
Disclosure Text Block Supplement [Abstract]    
Summary of Debt Securities, Available-for-sale
The following table summarizes, by major type, the fair value and amortized cost of the Company’s investments as of April 2, 2021:
(Dollars in millions)Amortized CostUnrealized Gain/(Loss)Fair Value
Available-for-sale debt securities:   
Money market funds$531 $— $531 
Time deposits and certificates of deposit1 — 1 
Other debt securities18 — 18 
Total$550 $— $550 
Included in Cash and cash equivalents  $530 
Included in Other current assets  2 
Included in Other assets, net18 
Total  $550 
The following table summarizes, by major type, the fair value and amortized cost of the Company’s investments as of July 3, 2020:
(Dollars in millions)Amortized CostUnrealized Gain/(Loss)Fair Value
Available-for-sale debt securities:   
Money market funds$495 $— $495 
Time deposits and certificates of deposit56 — 56 
Other debt securities18 — 18 
Total$569 $— $569 
Included in Cash and cash equivalents  $549 
Included in Other current assets  2 
Included in Other assets, net18 
Total  $569 
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 debt securities as of April 2, 2021, by remaining contractual maturity were as follows:
(Dollars in millions)Amortized CostFair Value
Due in less than 1 year$532 $532 
Due in 1 to 5 years10 10 
Due in 6 to 10 years— — 
Thereafter8 8 
Total$550 $550 
  
Cash, cash equivalents, and restricted cash
The following table provides a summary of cash, cash equivalents and restricted cash reported on the Company’s Condensed Consolidated Balance Sheets that reconciles to the corresponding amount in the Company’s Condensed Consolidated Statements of Cash Flows:
(Dollars in millions)April 2,
2021		July 3,
2020		April 3,
2020		June 28,
2019
Cash and cash equivalents$1,212 $1,722 $1,612 $2,220 
Restricted cash included in Other current assets2 2 2 31 
Total cash, cash equivalents and restricted cash presented in the Statements of Cash Flows$1,214 $1,724 $1,614 $2,251 
  
Inventories
The following table provides details of the inventory balance sheet item:
(Dollars in millions)April 2,
2021		July 3,
2020
Raw materials and components$412 $451 
Work-in-process443 313 
Finished goods426 378 
Total inventories$1,281 $1,142 
  
Property, Equipment and Leasehold Improvements, net
The components of property, equipment and leasehold improvements, net, were as follows:
(Dollars in millions)April 2,
2021		July 3,
2020
Property, equipment and leasehold improvements$10,384 $10,212 
Accumulated depreciation and amortization(8,169)(8,083)
Property, equipment and leasehold improvements, net$2,215 $2,129 
  
Accrued expenses
The following table provides details of the accrued expenses balance sheet item:
(Dollars in millions)April 2,
2021		July 3,
2020
Dividends payable$154 $167 
Other accrued expenses495 435 
Total accrued expenses$649 $602 
  
Schedule of accumulated other comprehensive income (loss)
The components of AOCL, net of tax, were as follows:
(Dollars in millions)Unrealized Gains/(Losses) on Cash Flow HedgesUnrealized Gains/(Losses) on Post-Retirement PlansForeign Currency Translation AdjustmentsTotal
Balance at July 3, 2020$(24)$(26)$(16)$(66)
Other comprehensive income before reclassifications 20 — — 20 
Amounts reclassified from AOCL(9)2 15 8 
Other comprehensive income11 2 15 28 
Balance at April 2, 2021$(13)$(24)$(1)$(38)
Balance at June 28, 2019$— $(20)$(14)$(34)
Other comprehensive (loss) income before reclassifications (27)2 (8)(33)
Amounts reclassified from AOCL— — — — 
Other comprehensive (loss) income(27)2 (8)(33)
Balance at April 3, 2020$(27)$(18)$(22)$(67)