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Fair Value Measurements and Investments (Tables)
 3 Months Ended
Oct. 02, 2020
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of October 2, 2020 and July 3, 2020, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
October 2, 2020
 Level 1Level 2Level 3Total
(in millions)
Assets:
Cash equivalents - Money market funds$861 $— $— $861 
Foreign exchange contracts— 24 — 24 
Total assets at fair value$861 $24 $— $885 
Liabilities:
Foreign exchange contracts$— $10 $— $10 
Interest rate swap contract— 120 — 120 
Total liabilities at fair value$— $130 $— $130 

July 3, 2020
 Level 1Level 2Level 3Total
(in millions)
Assets:
Cash equivalents - Money market funds$1,079 $— $— $1,079 
Foreign exchange contracts— 28 — 28 
Total assets at fair value$1,079 $28 $— $1,107 
Liabilities:
      Foreign exchange contracts$— $9 $— $9 
      Interest rate swap contract— 133 — 133 
Total liabilities at fair value$— $142 $— $142 
Related Costs And Fair Values Based On Quoted Market Prices For financial instruments where the carrying value (which includes principal adjusted for any unamortized issuance costs, and discounts or premiums) differs from fair value (which is based on quoted market prices), the following table represents the related carrying value and fair value for each of the Company’s outstanding financial instruments. Each of the financial instruments presented below was categorized as Level 2 for all periods presented, based on the frequency of trading immediately prior to the end of the first quarter of 2021 and the fourth quarter of 2020, respectively.
October 2, 2020July 3, 2020
Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
(in millions)
0.50% convertible senior notes due 2020
$35 $34 $34 $30 
Variable interest rate Term Loan A-1 maturing 20234,514 4,427 4,576 4,474 
Variable interest rate Term Loan B-4 maturing 20231,543 1,536 1,692 1,656 
1.50% convertible notes due 2024
994 1,043 987 1,036 
4.75% senior unsecured notes due 2026
2,286 2,475 2,286 2,428 
Total$9,372 $9,515 $9,575 $9,624