XML 43 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Supplemental Financial Statement Data (Tables)
12 Months Ended
Jul. 03, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Inventories
Inventories
July 3,
2020
June 28,
2019
(in millions)
Inventories:
Raw materials and component parts$1,306 $1,142 
Work-in-process956 968 
Finished goods808 1,173 
Total inventories$3,070 $3,283 
Property, Plant and Equipment
Property, plant and equipment, net
July 3,
2020
June 28,
2019
(in millions)
Property, plant and equipment:
Land$294 $294 
Buildings and improvements1,837 1,743 
Machinery and equipment7,391 7,267 
Computer equipment and software429 441 
Furniture and fixtures52 56 
Construction-in-process297 202 
Property, plant and equipment, gross10,300 10,003 
Accumulated depreciation(7,446)(7,160)
Property, plant and equipment, net$2,854 $2,843 
Schedule of Goodwill
Goodwill
Carrying Amount
(in millions)
Balance at June 29, 2018$10,075 
Foreign currency translation adjustment1 
Balance at June 28, 2019$10,076 
Goodwill recorded in connection with an acquisition14 
Reduction in goodwill in connection with disposition of business(21)
Foreign currency translation adjustment(2)
Balance at July 3, 2020$10,067 
Schedule of Intangible Assets
The following tables present intangible assets as of July 3, 2020 and June 28, 2019:

July 3, 2020
Weighted Average Amortization PeriodGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in years)(in millions)
Finite:
Existing technology34,248 (3,852)396 
Trade names and trademarks7648 (398)250 
Customer relationships6616 (423)193 
Leasehold interests3129 (7)22 
Total finite intangible assets5,541 (4,680)861 
In-process research and development80  80 
Total intangible assets5,621 (4,680)941 


June 28, 2019
Weighted Average Amortization PeriodGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in years)(in millions)
Finite:
Existing technology34,332 (3,316)1,016 
Trade names and trademarks7648 (310)338 
Customer relationships6635 (372)263 
Other2180 (180) 
Leasehold interests3129 (7)22 
Total finite intangible assets5,824 (4,185)1,639 
In-process research and development72  72 
Total intangible assets5,896 (4,185)1,711 
Schedule of Intangible Asset Amortization
Intangible assets are amortized over the estimated useful lives based on the pattern in which the economic benefits are expected to be received. Intangible asset amortization was as follows:

202020192018
(in millions)
Intangible asset amortization$769 $968 $1,185 
Schedule of Future Amortization Expense
The following table presents estimated future amortization expense for intangible assets currently subject to amortization as of July 3, 2020:


Future Intangible Asset Amortization Expenses
(in millions)
Fiscal year:
2021 $489 
2022 220 
2023 133 
2024 and thereafter19 
Total future amortization expense$861 
Movement in Standard Product Warranty Accrual and Total Warranty Accrual
Product warranty liability

Changes in the warranty accrual were as follows:
202020192018
(in millions)
Warranty accrual, beginning of period$350 $318 $311 
Charges to operations203 162 176 
Utilization(151)(142)(151)
Changes in estimate related to pre-existing warranties6 12 (18)
Warranty accrual, end of period$408 $350 $318 

The current portion of the warranty accrual is classified in Accrued expenses and the long-term portion is classified in Other liabilities as noted below:

20202019
(in millions)
Warranty accrual
Current portion (included in Accrued expenses)$205 $188 
Long-term portion (included in Other liabilities)203 162 
Total warranty accrual$408 $350 
Schedule of Other Noncurrent Liabilities
Other liabilities
20202019
(in millions)
Other liabilities:
Non-current net tax payable$815 $928 
Payables related to unrecognized tax benefits720 699 
Other non-current liabilities881 713 
Total other liabilities$2,416 $2,340 
Schedule of Accumulated Other Comprehensive Income (Loss) The following table illustrates the changes in the balances of each component of AOCI:
Actuarial Pension Gains (Losses)Foreign Currency Translation AdjustmentUnrealized Gains (Losses) on Derivative ContractsTotal Accumulated Comprehensive Income (Loss)
(in millions)
Balance at June 29, 2018$(19)$(21)$1 $(39)
Other comprehensive income (loss) before reclassifications(39)28 (48)(59)
Amounts reclassified from accumulated other comprehensive income (loss)  9 9 
Income tax benefit (expense) related to items of other comprehensive income (loss)5 (3)19 21 
Net current-period other comprehensive income (loss)(34)25 (20)(29)
Balance at June 28, 2019$(53)$4 $(19)$(68)
Other comprehensive loss before reclassifications(1)(7)(87)(95)
Amounts reclassified from accumulated other comprehensive loss  (6)(6)
Income tax benefit (expense) related to items of other comprehensive loss(4)1 15 12 
Net current-period other comprehensive loss(5)(6)(78)(89)
Balance at July 3, 2020$(58)$(2)$(97)$(157)