XML 24 R25.htm IDEA: XBRL DOCUMENT v3.3.0.814
Foreign Exchange Contracts (Tables)
3 Months Ended
Oct. 02, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value and Balance Sheet Location of Contracts
The fair value and balance sheet location of the Company's foreign exchange contracts as of October 2, 2015 and July 3, 2015 were as follows (in millions): 
 
Asset Derivatives
Liability Derivatives
  
October 2, 2015
July 3, 2015
October 2, 2015
July 3, 2015
Derivatives Designated as
Hedging Instruments
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Balance Sheet
Location
Fair
Value
Foreign exchange contracts
Other current assets
$
1

Other current assets
$

Accrued expenses
$
62

Accrued expenses
$
31

Offsetting Assets and Liabilities [Table Text Block]
The following table presents the gross amounts of the Company's derivative instruments, amounts offset due to master netting arrangements with the Company's various counterparties, and the net amounts recognized in the condensed consolidated balance sheet as of October 2, 2015 (in millions):
Derivatives Designated as
Hedging Instruments
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in the Balance Sheet
 
Net Amounts of Assets (Liabilities) Presented in the Balance Sheet
Foreign exchange contracts
 
 
 
 
 
  Financial assets
$
2

 
$
(1
)
 
$
1

  Financial liabilities
(63
)
 
1

 
(62
)
    Total derivative instruments
$
(61
)
 
$

 
$
(61
)

    
Gains (Losses) of Derivatives in Cash Flow Hedging Relationships
The impact on the condensed consolidated financial statements was as follows (in millions):
 
Amount of Loss Recognized in
Accumulated OCI on Derivatives
Location of
Gain (Loss)
Reclassified
from
Accumulated
OCI into
Income
Amount of Gain (Loss) Reclassified
From Accumulated OCI into Income
Derivatives in Cash
Flow Hedging Relationships
Three Months Ended
 
Three Months Ended
Three Months Ended
 
Three Months Ended
October 2,
2015
 
October 3,
2014
October 2,
2015
October 3,
2014
Foreign exchange contracts
$
(53
)
 
$
(22
)
Cost of revenue
$
28

 
$
(4
)