XML 46 R30.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Fair Value Measurements and Investments (Tables)
 9 Months Ended
Mar. 29, 2024
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 29, 2024 and June 30, 2023, and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
March 29, 2024
 Level 1Level 2Level 3Total
(in millions)
Assets:
Cash equivalents - Money market funds$333 $— $— $333 
Short-term investments - Certificates of deposit
27 — — 27 
Foreign exchange contracts— 9 — 9 
Total assets at fair value$360 $9 $— $369 
Liabilities:
Foreign exchange contracts$— $142 $— $142 
Total liabilities at fair value$— $142 $— $142 

June 30, 2023
 Level 1Level 2Level 3Total
(in millions)
Assets:
Cash equivalents - Money market funds$371 $— $— $371 
Foreign exchange contracts— 35 — 35 
Total assets at fair value$371 $35 $— $406 
Liabilities:
Foreign exchange contracts$— $192 $— $192 
Total liabilities at fair value$— $192 $— $192 
Schedule of Related Costs and Fair Values Based on Quoted Market Prices
For financial instruments where the carrying value (which includes principal adjusted for any unamortized issuance costs, and discounts or premiums) differs from fair value (which is based on quoted market prices), the following table represents the related carrying value and fair value for each of the Company’s outstanding financial instruments. Each of the financial instruments presented below was categorized as Level 2 for all periods presented, based on the frequency of trading immediately prior to the end of the third quarter of 2024 and the fourth quarter of 2023, respectively.
March 29, 2024June 30, 2023
Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
(in millions)
1.50% convertible notes due 2024
$— $— $1,099 $1,067 
Variable interest rate Delayed Draw Term Loan due 2024
300 300 — — 
4.75% senior unsecured notes due 2026
2,295 2,253 2,293 2,193 
Variable interest rate Term Loan A-2 maturing 20272,615 2,556 2,687 2,661 
3.00% convertible notes due 2028
1,566 2,351 — — 
2.85% senior notes due 2029
496 436 496 400 
3.10% senior notes due 2032
496 403 495 371 
     Total$7,768 $8,299 $7,070 $6,692