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Related Parties and Related Commitments and Contingencies (Tables)
6 Months Ended
Dec. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Notes Receivable and Investments in Related Parties The following table presents the notes receivable from, and equity investments in, Flash Ventures:
December 30,
2022
July 1,
2022
(in millions)
Notes receivable, Flash Partners$12 $27 
Notes receivable, Flash Alliance66 55 
Notes receivable, Flash Forward737 793 
Investment in Flash Partners174 166 
Investment in Flash Alliance251 243 
Investment in Flash Forward117 112 
Total notes receivable and investments in Flash Ventures$1,357 $1,396 
Schedule of Variable Interest Entity Maximum Loss Exposure The Company’s maximum reasonably estimable loss exposure (excluding lost profits) as a result of its involvement with Flash Ventures, based upon the Japanese yen to U.S. dollar exchange rate at December 30, 2022, is presented below. Investments in Flash Ventures are denominated in Japanese yen, and the maximum estimable loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.
December 30,
2022
(in millions)
Notes receivable$815 
Equity investments542 
Operating lease guarantees1,895 
Inventory and prepayments1,128 
Maximum estimable loss exposure$4,380 
Schedule of Guarantor Obligations The following table presents the Company’s portion of the remaining guarantee obligations under the Flash Ventures’ lease facilities in both Japanese yen and U.S. dollar-equivalent, based upon the Japanese yen to U.S. dollar exchange rate as of December 30, 2022.
Lease Amounts
(Japanese yen, in billions)(U.S. dollar, in millions)
Total guarantee obligations¥250 $1,895 
Schedule of Remaining Guarantee Obligations The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the Flash Ventures lease agreements, in annual installments as of December 30, 2022 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of December 30, 2022:
Annual InstallmentsPayment of Principal AmortizationPurchase Option Exercise Price at Final Lease TermsGuarantee Amount
(in millions)
Remaining six months of 2023
$285 $55 $340 
2024450 99 549 
2025250 90 340 
2026261 136 397 
202781 116 197 
2028 and thereafter12 60 72 
Total guarantee obligations$1,339 $556 $1,895