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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 
202448 
202544 
202643 
202739 
Thereafter147 
Total future minimum lease payments369 
Less: Imputed Interest52 
Present value of lease liabilities317 
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 years8.3
Weighted average discount rate3.4 %
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 leases51 
Operating lease assets obtained in exchange for operating lease liabilities137 

Cost of operating leases was as follows:
202220212020
(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 
2024348 
2025180 
202653 
202746 
Thereafter150 
Total$1,349