Commitments, Contingencies and Related Parties (Tables)

9 Months Ended

Mar. 30, 2018

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 30, 2018 and June 30, 2017:

	March 30, 2018		June 30, 2017
	(in millions)
Notes receivable, Flash Partners	$	838	$	264
Notes receivable, Flash Alliance	76		119
Notes receivable, Flash Forward	633		379
Investment in Flash Partners	198		187
Investment in Flash Alliance	295		279
Investment in Flash Forward	120		112
Total notes receivable and investments in Flash Ventures	$	2,160	$	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 March 30, 2018, 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 30, 2018
Notes receivable	$	1,547
Equity investments	613
Operating lease guarantees	1,109
Inventory and prepayments	319
Maximum estimable loss exposure	$	3,588

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 30, 2018.

	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	118	$	1,109

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 30, 2018 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of March 30, 2018:

Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Year 1	$	307	$	15	$	322
Year 2	212		40		252
Year 3	188		116		304
Year 4	94		81		175
Year 5	24		—		24
Year 6	3		29		32
Total guarantee obligations	$	828	$	281	$	1,109