Commitments, Contingencies and Related Parties (Tables)

6 Months Ended

Dec. 29, 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 December 29, 2017 and June 30, 2017:

	December 29, 2017		June 30, 2017
	(in millions)
Notes receivable, Flash Partners	$	737	$	264
Notes receivable, Flash Alliance	101		119
Notes receivable, Flash Forward	429		379
Investment in Flash Partners	187		187
Investment in Flash Alliance	279		279
Investment in Flash Forward	112		112
Total notes receivable and investments in Flash Ventures	$	1,845	$	1,340

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 December 29, 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.

	December 29, 2017
Notes receivable	$	1,267
Equity investments	578
Operating lease guarantees	941
Inventory and prepayments	268
Maximum estimable loss exposure	$	3,054

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 December 29, 2017.

	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	106	$	941

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 December 29, 2017 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of December 29, 2017:

Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Year 1	$	267	$	—	$	267
Year 2	178		34		212
Year 3	163		85		248
Year 4	80		98		178
Year 5	15		21		36
Total guarantee obligations	$	703	$	238	$	941