Leases and Other Commitments (Tables)

12 Months Ended

Jul. 01, 2022

Leases [Abstract]

Schedule of Lessee, Operating Leases, Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of July 1, 2022:

	Lease Amounts
Minimum lease payments by fiscal year:	(in millions)
2023	$	48
2024	48
2025	44
2026	43
2027	39
Thereafter	147
Total future minimum lease payments	369
Less: Imputed Interest	52
Present value of lease liabilities	317
Less: Current portion (included in Accrued expenses)	40
Long-term operating lease liabilities (included in Other liabilities )	$	277
Operating lease right-of-use assets (included in Other non-current assets)	$	300
Weighted average remaining lease term in years	8.3
Weighted average discount rate	3.4		%

Schedule of Lease, Cost

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases for the year ended July 1, 2022:

	July 1, 2022
	(in millions)
Cost of operating leases	$	58
Cash paid for operating leases	51
Operating lease assets obtained in exchange for operating lease liabilities	137

Cost of operating leases was as follows:

	2022		2021		2020
	(in millions)
Cost of operating leases	$	58	$	50	$	55

Schedule of Long-term Purchase Agreements

As of July 1, 2022, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
2023	$	572
2024	348
2025	180
2026	53
2027	46
Thereafter	150
Total	$	1,349