Receivables

3 Months Ended

Sep. 27, 2019

Receivables [Abstract]

Receivables

Note G — Receivables

Receivables are summarized below:

	September 27, 2019			June 28, 2019
	(In millions)
Accounts receivable	$	1,283		$	459
Less allowances for collection losses	(8		)	(2		)
	$	1,275		$	457

We have a receivables sale agreement (“RSA”) with a third-party financial institution that permits us to sell, on a non-recourse basis, up to $100 million of outstanding receivables at any given time. From time to time, we have sold certain customer receivables under the RSA, which we continue to service and collect on behalf of the third-party financial institution and which we account for as sales of receivables with sale proceeds included in net cash from operating activities. Outstanding accounts receivable sold pursuant to the RSA were not material at September 27, 2019 and June 28, 2019.