Derivatives (Tables)

9 Months Ended

Mar. 31, 2017

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 derivative instruments were as follows:

	Derivative Assets Reported in
	Other Current Assets				Other Non-current Assets
	March 31, 2017		July 1, 2016		March 31, 2017		July 1, 2016
	(in millions)
Foreign exchange forward contracts designated	$	4	$	114	$	—	$	—
Foreign exchange forward contracts not designated	12		12		—		—
Call options	1		70		—		1
Total derivatives	$	17	$	196	$	—	$	1

	Derivative Liabilities Reported in
	Accrued Expenses				Other Liabilities
	March 31, 2017		July 1, 2016		March 31, 2017		July 1, 2016
	(in millions)
Foreign exchange forward contracts designated	$	—	$	23	$	—	$	—
Foreign exchange forward contracts not designated	100		—		—		—
Exchange option	1		141		1		14
Total derivatives	$	101	$	164	$	1	$	14

Gains (Losses) of Derivatives in Cash Flow Hedging Relationships

The impact of foreign exchange forward contracts on the condensed consolidated financial statements was as follows:

	Three Months Ended
Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives				Amount of Gain (Loss) Reclassified from AOCI into Earnings
	March 31, 2017		April 1, 2016		March 31, 2017		April 1, 2016
	(in millions)
Foreign exchange forward contracts	$	50	$	31	$	5	$	(8	)

	Nine Months Ended
Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in AOCI on Derivatives						Amount of Gain (Loss) Reclassified from AOCI into Earnings
	March 31, 2017			April 1, 2016			March 31, 2017		April 1, 2016
	(in millions)
Foreign exchange forward contracts	$	(48	)	$	(9	)	$	47	$	(61	)