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EFFECT OF NEW ACCOUNTING STANDARDS (Policies)
9 Months Ended
Mar. 24, 2021
Effect of New Accounting Standards [Abstract]  
New Accounting Standards Implemented in Fiscal 2021
New Accounting Standards Implemented in Fiscal 2021
In the first quarter of fiscal 2021, we implemented the following new accounting standards:
Measurement of Credit Losses on Financial Instruments, ASU No. 2016-13
Fair Value Measurement (Topic 820): Disclosure Framework, ASU No. 2018-13
Simplifying the Accounting for Income Taxes, ASU No. 2019-12
The adoption of these new accounting standards did not have a material impact on our Consolidated Financial Statements. There were no new accounting standards implemented in the third quarter of fiscal 2021.