Derivatives (Tables)

9 Months Ended

Mar. 30, 2018

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
	March 30, 2018		June 30, 2017
	(in millions)
Foreign exchange forward contracts, designated	$	9	$	6
Foreign exchange forward contracts, not designated	15		10
Interest rate swaps, designated	14		—
Total derivatives	$	38	$	16

	Derivative Liabilities
	Accrued expenses
	March 30, 2018		June 30, 2017
	(in millions)
Foreign exchange forward contracts, designated	$	1	$	2
Foreign exchange forward contracts, not designated	9		6
Interest rate swaps, designated	—		1
Total derivatives	$	10	$	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				Nine Months Ended
	March 30, 2018		March 31, 2017		March 30, 2018		March 31, 2017
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	$	23	$	50	$	30	$	(48	)
Interest rate swaps	7		—		15		—
Total	$	30	$	50	$	45	$	(48	)

	Amount of Gain (Loss) Reclassified from AOCI into Earnings				Amount of Gain (Loss) Reclassified from AOCI into Earnings
	Three Months Ended				Nine Months Ended
	March 30, 2018		March 31, 2017		March 30, 2018		March 31, 2017
	(in millions)
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	$	9	$	5	$	10	$	47
Total	$	9	$	5	$	10	$	47