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Related Parties and Related Commitments and Contingencies (Tables)
 9 Months Ended
Apr. 03, 2020
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 April 3, 2020 and June 28, 2019:
April 3,
2020		June 28,
2019
(in millions)
Notes receivable, Flash Partners$335  $551  
Notes receivable, Flash Alliance423  878  
Notes receivable, Flash Forward777  743  
Investment in Flash Partners200  200  
Investment in Flash Alliance297  296  
Investment in Flash Forward125  123  
Total notes receivable and investments in Flash Ventures$2,157  $2,791  
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 April 3, 2020, is presented below. Investments in Flash Ventures are denominated in Japanese yen, and the maximum estimable loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.
April 3,
2020
(in millions)
Notes receivable$1,535  
Equity investments622  
Operating lease guarantees1,827  
Inventory and prepayments468  
Maximum estimable loss exposure$4,452  
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 April 3, 2020.
Lease Amounts
(Japanese yen, in billions)(U.S. dollar, in millions)
Total guarantee obligations¥198  $1,827  
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 April 3, 2020 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of April 3, 2020:
Annual InstallmentsPayment of Principal AmortizationPurchase Option Exercise Price at Final Lease TermsGuarantee Amount
(in millions)
Remaining three months of 2020$128  $20  $148  
2021450  108  558  
2022370  49  419  
2023259  67  326  
2024123  120  243  
Thereafter23  110  133  
Total guarantee obligations$1,353  $474  $1,827