Leases and Other Commitments (Tables)

6 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of December 31, 2021:

	Lease Amounts
Minimum lease payments by fiscal year:	($ in millions)
Remaining six months of 2022	$	27
2023	47
2024	46
2025	43
2026	42
Thereafter	188
Total future minimum lease payments	393
Less: Imputed Interest	58
Present value of lease liabilities	335
Less: Current portion (included in Accrued expenses)	42
Long-term operating lease liabilities (included in Other liabilities)	$	293
Operating lease right-of-use assets (included in Other non-current assets)	$	318
Weighted average remaining lease term in years	8.7
Weighted average discount rate	3.4		%

schedule of Supplemental Cash Flow Disclosures

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:

	Three Months Ended				Six Months Ended
	December 31, 2021		January 1, 2021		December 31, 2021		January 1, 2021
	(in millions)
Cost of operating leases	$	14	$	12	$	27	$	25
Cash paid for operating leases	12		14		24		26
Operating lease assets obtained in exchange for operating lease liabilities	11		20		123		27

Schedule of Long-term Purchase Agreements

As of December 31, 2021, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
Remaining six months of 2022	$	343
2023	550
2024	296
2025	148
2026	20
Thereafter	170
Total	$	1,527