Employee Termination, Asset Impairment and Other Charges (Tables)

12 Months Ended

Jul. 03, 2020

Postemployment Benefits [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The Company recorded the following charges related to employee terminations benefits, asset impairment, and other charges:

	2020		2019		2018
	(in millions)
Employee termination and other charges:
Closure of Foreign Manufacturing Facilities	$	5	$	22	$	56
Business Realignment	44		144		50
Restructuring Plan 2016	—		—		92
Total employee termination and other charges	49		166		198
Asset impairment:
Restructuring Plan 2016	—		—		16
Total asset impairment	—		—		16
Stock-based compensation accelerations and adjustments:
Business Realignment	—		—		1
Total stock-based compensation accelerations and adjustments	—		—		1
Gain on disposition of assets:
Business Realignment	(17)		—		—
Total gain on disposition of assets	(17)		—		—
Total employee termination, asset impairment, and other charges	$	32	$	166	$	215

The following table presents an analysis of the components of the restructuring charges, payments and adjustments made against the reserve during the year ended July 3, 2020:

	Employee Termination Benefits		Contract Termination and Other		Total
	(in millions)
Accrual balance at June 28, 2019	$	30	$	2	$	32
Charges	3		2		5
Cash payments	(26)		(4)		(30)
Accrual balance at July 3, 2020	$	7	$	—	$	7

The following table presents an analysis of the components of the activity against the reserve during the year ended July 3, 2020:

	Employee Termination Benefits		Contract Termination and Other		Total
	(in millions)
Accrual balance at June 28, 2019	$	37	$	8	$	45
Charges	38		6		44
Cash payments	(62)		(14)		(76)
Accrual balance at July 3, 2020	$	13	$	—	$	13