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Fair Value (Tables)

6 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

						December 31, 2021																								July 2, 2021
						Fair Value Measurements at Reporting Date Using																								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						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						$	434					$	—					$	—					$	434					$	551					$	—					$	—					$	551
Total cash equivalents						434						—						—						434						551						—						—						551
Restricted cash and investments:
Money market funds						1						—						—						1						1						—						—						1
Time deposits and certificates of deposit						—						1						—						1						—						1						—						1
Other debt securities						—						—						36						36						—						—						18						18
Derivative assets						—						4						—						4						—						4						—						4
Total assets						$	435					$	5					$	36					$	476					$	552					$	5					$	18					$	575
Liabilities:
Derivative liabilities						$	—					$	10					$	—					$	10					$	—					$	21					$	—					$	21
Total liabilities						$	—					$	10					$	—					$	10					$	—					$	21					$	—					$	21

Schedule of Fair Value, by Balance Sheet Grouping, Measured on Recurring Basis

						December 31, 2021																								July 2, 2021
						Fair Value Measurements at Reporting Date Using																								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						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						$	434					$	—					$	—					$	434					$	551					$	—					$	—					$	551
Other current assets						1						5						—						6						1						5						—						6
Other assets, net						—						—						36						36						—						—						18						18
Total assets						$	435					$	5					$	36					$	476					$	552					$	5					$	18					$	575
Liabilities:
Accrued expenses						$	—					$	10					$	—					$	10					$	—					$	21					$	—					$	21
Total liabilities						$	—					$	10					$	—					$	10					$	—					$	21					$	—					$	21

X

- 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

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X

- References

No definition available.

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X

- 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

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