Commitments and Contingencies (Tables)

9 Months Ended

Mar. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Notes Receivable and Investments in Related Parties

The following table presents the notes receivable from, and equity investments in, Flash Ventures as of March 31, 2017 and July 1, 2016:

	March 31, 2017		July 1, 2016
	(in millions)
Notes receivable, Flash Partners	$	232	$	65
Notes receivable, Flash Alliance	126		235
Notes receivable, Flash Forward	354		263
Investment in Flash Partners	187		202
Investment in Flash Alliance	280		306
Investment in Flash Forward	112		100
Total notes receivable and investments in Flash Ventures	$	1,291	$	1,171

Variable Interest Entity Maximum Loss Exposure

The Company’s maximum reasonably estimable loss exposure (excluding lost profits) as a result of its involvement with Flash Ventures, based upon the Japanese yen to U.S. dollar exchange rate at March 31, 2017, is presented below. Investments in Flash Ventures are denominated in Japanese yen and the maximum possible loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.

	March 31, 2017
	(in millions)
Notes receivable	$	712
Equity investments	579
Operating lease guarantees	1,048
Prepayments	23
Maximum estimable loss exposure	$	2,362

Schedule of Guarantor Obligations

The following table presents the Company’s portion of the remaining guarantee obligations under the Flash Ventures’ lease facilities in both Japanese yen and U.S. dollar-equivalent based upon the Japanese yen to U.S. dollar exchange rate as of March 31, 2017.

	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	117	$	1,048

Remaining Guarantee Obligations

The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the Flash Ventures lease agreements, in annual installments as of March 31, 2017 in U.S. dollars based upon the Japanese yen to U.S. dollar exchange rate as of March 31, 2017:

Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Year 1	$	268	$	22	$	290
Year 2	231		15		246
Year 3	173		59		232
Year 4	93		97		190
Year 5	20		70		90
Total guarantee obligations	$	785	$	263	$	1,048