Leases and Other Commitments (Tables)

9 Months Ended

Apr. 03, 2020

Leases [Abstract]

Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of April 3, 2020:

	Lease Amounts
Minimum lease payments by fiscal year:	(in millions)
Remaining three months of 2020	$	12
2021	43
2022	30
2023	26
2024	28
Thereafter	170
Total future minimum lease payments	309
Less: Imputed Interest	(61)
Present value of lease liabilities	248
Less: Current portion (included in Accrued expenses)	34
Long-term operating lease liabilities (included in Other liabilities)	$	214
Operating lease right-of-use assets (included in Other non-current assets)	$	233
Weighted average remaining lease term in years	9.3
Weighted average discount rate	4.2		%

Supplemental Cash Flow Disclosures

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases for the three and nine months ended April 3, 2020:

	Three Months Ended		Nine Months Ended
	(in millions)
Cost of operating leases	$	12	$	42
Cash paid for operating leases	12		41
Operating lease assets obtained in exchange for operating lease liabilities	1		51

Long-term Purchase Agreements

As of April 3, 2020, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
Remaining three months of 2020	$	61
2021	320
2022	510
2023	563
2024	260
Thereafter	338
Total	$	2,052