Fair Value Measurements (Tables)

3 Months Ended

Oct. 02, 2015

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of October 2, 2015 and July 3, 2015, respectively, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values (in millions):



	Fair Value Measurements at
	October 2, 2015
	Using
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	643	$	—	$	—	$	643
Total cash equivalents	643		—		—		643
Short-term investments:
U.S. Treasury securities	—		39		—		39
U.S. Government agency securities	—		1		—		1
Commercial paper	—		86		—		86
Certificates of deposit	—		221		—		221
Total short-term investments	—		347		—		347
Long-term investments:
U.S. Treasury securities	—		241		—		241
U.S. Government agency securities	—		115		—		115
Total long-term investments	—		356		—		356
Foreign exchange contracts	—		1		—		1
Total assets at fair value	$	643	$	704	$	—	$	1,347
Liabilities:
Foreign exchange contracts	$	—	$	62	$	—	$	62
Total liabilities at fair value	$	—	$	62	$	—	$	62



	Fair Value Measurements at
	July 3, 2015
	Using
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	135	$	—	$	—	$	135
Total cash equivalents	135		—		—		135
Short-term investments:
U.S. Treasury securities	—		50		—		50
U.S. Government agency securities	—		4		—		4
Commercial paper	—		109		—		109
Certificates of deposit	—		99		—		99
Total short-term investments	—		262		—		262
Long-term investments:
U.S. Treasury securities	—		237		—		237
U.S. Government agency securities	—		91		—		91
Total long-term investments	—		328		—		328
Total assets at fair value	$	135	$	590	$	—	$	725
Liabilities:
Foreign exchange contracts	$	—	$	31	$	—	$	31
Total liabilities at fair value	$	—	$	31	$	—	$	31