Derivatives (Tables)

6 Months Ended

Dec. 29, 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
	Other current assets
	December 29, 2017		June 30, 2017
	(in millions)
Foreign exchange forward contracts, designated	$	6	$	6
Foreign exchange forward contracts, not designated	5		10
Interest rate swaps, designated	8		—
Total derivatives	$	19	$	16

	Derivative Liabilities
	Accrued expenses
	December 29, 2017		June 30, 2017
	(in millions)
Foreign exchange forward contracts, designated	$	4	$	2
Foreign exchange forward contracts, not designated	3		6
Interest rate swaps, designated	—		1
Total derivatives	$	7	$	9

Gains (Losses) of Derivatives in Cash Flow Hedging Relationships

The impact of derivative contracts designated as hedging instruments on the Condensed Consolidated Financial Statements was as follows:

	Amount of Gain (Loss) Recognized in AOCI					Amount of Gain (Loss) Recognized in AOCI
	Three Months Ended					Six Months Ended
	December 29, 2017		December 30, 2016			December 29, 2017		December 30, 2016
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	$	7	$	(119	)	$	7	$	(97	)
Interest rate swaps	7		—			8		—
Total	$	14	$	(119	)	$	15	$	(97	)

	Amount of Gain (Loss) Reclassified from AOCI into Earnings				Amount of Gain (Loss) Reclassified from AOCI into Earnings
	Three Months Ended				Six Months Ended
	December 29, 2017		December 30, 2016		December 29, 2017		December 30, 2016
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	$	4	$	16	$	1	$	42
Total	$	4	$	16	$	1	$	42