Fair Value Measurements (Tables)

9 Months Ended

Apr. 03, 2015

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of April 3, 2015, and indicates the fair value hierarchy of the valuation techniques utilized to determine such value (in millions):

	Fair Value Measurements at Reporting Date Using
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	758	$	—	$	—	$	758
Total cash equivalents	758		—		—		758
Short-term investments:
U.S. Government agency securities	—		26		—		26
Commercial paper	—		154		—		154
Certificates of deposit	—		48		—		48
Total short-term investments	—		228		—		228
Long-term investments:
U.S. Treasury securities	—		204		—		204
U.S. Government agency securities	—		90		—		90
Total long-term investments	—		294		—		294
Foreign exchange contracts	—		2		—		2
Total assets at fair value	$	758	$	524	$	—	$	1,282
Liabilities:
Foreign exchange contracts	$	—	$	17	$	—	$	17
Total liabilities at fair value	$	—	$	17	$	—	$	17

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 27, 2014, and indicates the fair value hierarchy of the valuation techniques utilized to determine such value (in millions):

	Fair Value Measurements at Reporting Date Using
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	756	$	—	$	—	$	756
Bank acceptances	—		1		—		1
Total cash equivalents	756		1		—		757
Short-term investments:
U.S. Government agency securities	—		53		—		53
Commercial paper	—		165		—		165
Certificates of deposit	—		66		—		66
Total short-term investments	—		284		—		284
Long-term investments:
U.S. Treasury securities	—		180		—		180
U.S. Government agency securities	—		35		—		35
Total long-term investments	—		215		—		215
Foreign exchange contracts	—		7		—		7
Total assets at fair value	$	756	$	507	$	—	$	1,263
Liabilities:
Foreign exchange contracts	$	—	$	2	$	—	$	2
Total liabilities at fair value	$	—	$	2	$	—	$	2