Debt (Tables)

12 Months Ended

Jul. 01, 2022

Debt Disclosure [Abstract]

Schedule of Debt

Debt consisted of the following as of July 1, 2022 and July 2, 2021:

	July 1, 2022		July 2, 2021
	(in millions)
1.50% convertible notes due 2024	$	1,100	$	1,100
4.75% senior unsecured notes due 2026	2,300		2,300
Variable interest rate Term Loan A-2 maturing 2027	2,700		—
2.85% senior unsecured notes due 2029	500		—
3.10% senior unsecured notes due 2032	500		—
Variable interest rate Term Loan A-1	—		4,332
Variable interest rate Term Loan B-4	—		1,093
Total debt	7,100		8,825
Issuance costs and debt discounts	(78)		(100)
Subtotal	7,022		8,725
Less current portion of long-term debt	—		(251)
Long-term debt	$	7,022	$	8,474

Schedule of Maturities of Long-term Debt

As of July 1, 2022, required annual future debt payments were as follows:

	Future Debt Payments
	(in millions)
Fiscal year:
2024	$	1,213
2025	150
2026	2,450
2027	2,287
2028 and thereafter	1,000
Total debt maturities	7,100
Issuance costs and debt discounts	(78)
Net carrying value	$	7,022