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Financial Instruments (Tables)
 12 Months Ended
Jun. 26, 2016
Fair Value Disclosures [Abstract]  
Cash, Cash Equivalents, Short-Term Investments, Restricted Cash and Investments and Other Assets Measured at Fair Value on Recurring Basis
The following table sets forth the Company’s cash, cash equivalents, investments, restricted cash and investments, and other assets measured at fair value on a recurring basis as of June 26, 2016 and June 28, 2015:
 
 
June 26, 2016
 
 
 
 
 
 
 
 
(Reported Within)
Cost
 
Unrealized
Gain
 
Unrealized
(Loss)
 
Fair Value
 
Cash and
Cash
Equivalents
 
Short-Term
Investments
 
Restricted
Cash &
Investments
 
Other
Assets
 
(in thousands)
Cash
$
418,216

 
$
—

 
$
—

 
$
418,216

 
$
412,573

 
$
—

 
$
5,643

 
$
—

Level 1:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Time Deposit
904,243

 
—

 
—

 
904,243

 
659,465

 
—

 
244,778

 
—

Money Market Funds
3,904,288

 
—

 
—

 
3,904,288

 
3,904,288

 
—

 
—

 
—

US Treasury and Agencies
446,530

 
2,041

 
(2
)
 
448,569

 
62,996

 
385,573

 
—

 
—

Mutual Funds
39,318

 
1,400

 
(397
)
 
40,321

 
—

 
—

 
—

 
40,321

Level 1 Total
5,294,379

 
3,441

 
(399
)
 
5,297,421

 
4,626,749

 
385,573

 
244,778

 
40,321

Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Municipal Notes and Bonds
265,386

 
355

 
(16
)
 
265,725

 
—

 
265,725

 
—

 
—

US Treasuries and Agencies
8,068

 
151

 
—

 
8,219

 
—

 
8,219

 
—

 
—

Government-Sponsored Enterprises
31,885

 
91

 
(13
)
 
31,963

 
—

 
31,963

 
—

 
—

Foreign Government Bonds
41,440

 
76

 
(4
)
 
41,512

 
—

 
41,512

 
—

 
—

Corporate Notes and Bonds
979,566

 
4,341

 
(566
)
 
983,341

 
—

 
983,341

 
—

 
—

Mortgage Backed Securities - Residential
17,395

 
37

 
(152
)
 
17,280

 
—

 
17,280

 
—

 
—

Mortgage Backed Securities - Commercial
55,129

 
30

 
(160
)
 
54,999

 
—

 
54,999

 
—

 
—

Level 2 Total
1,398,869

 
5,081

 
(911
)
 
1,403,039

 
—

 
1,403,039

 
—

 
—

Total
$
7,111,464

 
$
8,522

 
$
(1,310
)
 
$
7,118,676

 
$
5,039,322

 
$
1,788,612

 
$
250,421

 
$
40,321

 
June 28, 2015
 
 
 
 
 
 
 
 
(Reported Within)
Cost
 
Unrealized
Gain
 
Unrealized
(Loss)
 
Fair Value
 
Cash and
Cash
Equivalents
 
Short-Term
Investments
 
Restricted
Cash &
Investments
 
Other
Assets
 
(in thousands)
Cash
$
276,663

 
$
—

 
$
—

 
$
276,663

 
$
271,452

 
$
—

 
$
5,211

 
$
—

Level 1:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Time Deposit
177,567

 
—

 
—

 
177,567

 
44,738

 
—

 
132,829

 
—

Money Market Funds
1,177,875

 
—

 
—

 
1,177,875

 
1,177,875

 
—

 
—

 
—

US Treasury and Agencies
349,009

 
72

 
(861
)
 
348,220

 
—

 
315,291

 
32,929

 
—

Mutual Funds
30,584

 
2,926

 
(47
)
 
33,463

 
—

 
—

 
—

 
33,463

Level 1 Total
1,735,035

 
2,998

 
(908
)
 
1,737,125

 
1,222,613

 
315,291

 
165,758

 
33,463

Level 2:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Municipal Notes and Bonds
659,550

 
429

 
(335
)
 
659,644

 
7,474

 
652,170

 
—

 
—

US Treasuries and Agencies
4,007

 
—

 
(4
)
 
4,003

 
—

 
4,003

 
—

 
—

Government-Sponsored Enterprises
53,612

 
2

 
(249
)
 
53,365

 
—

 
53,365

 
—

 
—

Foreign Government Bonds
50,336

 
31

 
(161
)
 
50,206

 
—

 
50,206

 
—

 
—

Corporate Notes and Bonds
1,329,587

 
685

 
(3,797
)
 
1,326,475

 
—

 
1,326,475

 
—

 
—

Mortgage Backed Securities - Residential
32,231

 
72

 
(292
)
 
32,011

 
—

 
32,011

 
—

 
—

Mortgage Backed Securities - Commercial
141,988

 
44

 
(606
)
 
141,426

 
—

 
141,426

 
—

 
—

Level 2 Total
2,271,311

 
1,263

 
(5,444
)
 
2,267,130

 
7,474

 
2,259,656

 
—

 
—

Total
$
4,283,009

 
$
4,261

 
$
(6,352
)
 
$
4,280,918

 
$
1,501,539

 
$
2,574,947

 
$
170,969

 
$
33,463
Schedule of Cash, Cash Equivalents, Short-Term Investments and Restricted Cash and Investments in Unrealized Loss Positions
The following is an analysis of the Company’s cash, cash equivalents, investments, and restricted cash and investments in unrealized loss positions:
 
 
June 26, 2016
Unrealized Losses
Less Than 12 Months
 
Unrealized Losses
12 Months or Greater
 
Total
Fair Value
 
Gross
Unrealized
Loss
 
Fair Value
 
Gross
Unrealized
Loss
 
Fair Value
 
Gross
Unrealized
Loss
 
(in thousands)
Municipal Notes and Bonds
$
43,084

 
$
(10
)
 
$
1,994

 
$
(6
)
 
$
45,078

 
$
(16
)
US Treasury & Agencies
65,997

 
(2
)
 
—

 
—

 
65,997

 
(2
)
Retail Funds
7,539

 
(397
)
 
—

 
—

 
7,539

 
(397
)
Government-Sponsored Enterprises
1,211

 
(13
)
 
—

 
—

 
1,211

 
(13
)
Foreign Government Bonds
9,201

 
(4
)
 
—

 
—

 
9,201

 
(4
)
Corporate Notes and Bonds
185,982

 
(317
)
 
46,761

 
(249
)
 
232,743

 
(566
)
Mortgage Backed Securities - Residential
12,402

 
(68
)
 
1,328

 
(84
)
 
13,730

 
(152
)
Mortgage Backed Securities - Commercial
39,588

 
(102
)
 
6,179

 
(58
)
 
45,767

 
(160
)
 
$
365,004

 
$
(913
)
 
$
56,262

 
$
(397
)
 
$
421,266

 
$
(1,310
)
Schedule of Amortized Cost and Fair Value of Cash Equivalents, Short-Term Investments, Restricted Cash and Investments with Contractual Maturities
The amortized cost and fair value of cash equivalents, investments, and restricted cash and investments with contractual maturities are as follows:
 
 
Cost
 
Estimated 
Fair Value
 
(in thousands)
Due in one year or less
$
5,429,726

 
$
5,430,010

Due after one year through five years
1,128,304

 
1,134,632

Due in more than five years
95,900

 
95,497

 
$
6,653,930

 
$
6,660,139
Schedule of Outstanding Foreign Currency Forward Contracts
As of June 26, 2016, the Company had the following outstanding foreign currency contracts that were entered into under its cash flow and balance sheet hedge program: 
  
Derivatives Designated as
Hedging Instruments:
 
Derivatives Not Designated as
Hedging Instruments:
 
(in thousands)
Foreign Currency Forward Contracts
 
 
 
 
 
 
 
 
Buy Contracts
 
Sell Contracts
 
Buy Contracts
 
Sell Contracts
Japanese yen
$
—

 
$
219,148

 
$
—

 
$
56,870

Swiss franc
—

 
—

 
4,467

 
—

Euro
36,303

 
—

 
16,048

 
—

Korean won
8,577

 
—

 
—

 
4,971

Chinese Renminbi
—

 
—

 
9,105

 
—

Singapore Dollar
—

 
—

 
18,273

 
—

Taiwan dollar
—

 
—

 
23,341

 
—

 
$
44,880

 
$
219,148

 
$
71,234

 
$
61,841

Foreign Currency Option Contracts
 
 
 
 
 
 
 
 
Buy Put
 
Sell Put
 
Buy Put (1)
 
Sell Put
Japanese yen
$
—

 
$
—

 
$
39,135

 
$
39,135

(1) Contracts were entered into and designated as cash flow hedges under ASC 815, during the fiscal year as part of our cash flow hedge program. The contracts were subsequently de-designated during the fiscal year ended June 26, 2016, changes in fair market value subsequent to de-designation effect current earnings.
Schedule of Fair Value of Derivatives Instruments
The fair value of derivatives instruments in the Company’s consolidated balance sheet as of June 26, 2016 and June 28, 2015 were as follows:
 
 
June 26, 2016
 
June 28, 2015
Fair Value of Derivative Instruments (Level 2)
 
Fair Value of Derivative Instruments (Level 2)
Asset Derivatives
 
Liability
Derivatives
 
Asset Derivatives
 
Liability
Derivatives
Balance Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance
Sheet
Location
 
Fair
Value
 
(in thousands)
Derivatives designated as hedging instruments:
Foreign exchange contracts
Prepaid 
expense
and other 
assets
 
$
249

 
Accrued
liabilities
 
$
16,585

 
Prepaid 
expense
and other assets
 
$
3,388

 
Accrued
liabilities
 
$
957

Interest rate contracts, short-term
Accrued expenses and other current liabilities
 
50

 
Prepaid expense and other assets
 
159

 
Accrued expenses and other current liabilities
 
—

 
Prepaid expense and other assets
 
—

Interest rate contracts, long-term
Other long-term liabilities
 
8,661

 
 
 
 
 
Other long-term liabilities
 
—

 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
Foreign exchange contracts
Prepaid 
expense
and other
assets
 
107

 
Accrued
liabilities
 
1,529

 
Prepaid expense
and other assets
 
8

 
Accrued
liabilities
 
960

Total derivatives
 
 
$
9,067

 
 
 
$
18,273

 
 
 
$
3,396

 
 
 
$
1,917
Schedule of Derivative Instruments Designated as Cash Flow Hedges in Statements of Operations
The effect of derivative instruments designated as cash flow hedges, before tax, on the Company’s Consolidated Statements of Operations was as follows:
 
 
 
Year Ended June 26, 2016
 
Year Ended June 28, 2015
 
Location of
Gain (Loss)
Recognized in or
Reclassified into
Income
Effective Portion
 
Ineffective
Portion and
Amount
Excluded from
Effectiveness
 
Effective Portion
 
Ineffective
Portion and
Amount
Excluded from
Effectiveness
Derivatives Designated as
Hedging 
Instruments
Gain (Loss)
Recognized
in AOCI
 
Gain (Loss)
Reclassified
from AOCI
into Income
 
Gain (Loss)
Recognized
in Income
 
Gain
Recognized
in AOCI
 
Gain
Reclassified
from AOCI
into Income
 
Gain (Loss)
Recognized
in Income
 
 
(in thousands)
 
(in thousands)
Foreign exchange contracts
Revenue
$
(22,575
)
 
$
(2,950
)
 
$
1,009

 
$
13,678

 
$
11,375

 
$
258

Foreign exchange contracts
Cost of goods 
sold
81

 
(2,423
)
 
(172
)
 
(6,318
)
 
(4,349
)
 
(75
)
Foreign exchange contracts
Selling, general, and 
administrative
188

 
5

 
(69
)
 
(2,579
)
 
(2,618
)
 
(39
)
Foreign exchange contracts
Other 
expense, net
—

 
—

 
(11
)
 
—

 
—

 
—

Interest rate contracts
Other 
expense, net
3,329

 
(360
)
 
96

 
(5,071
)
 
(112
)
 
(231
)
 
 
$
(18,977
)
 
$
(5,728
)
 
$
853

 
$
(290
)
 
$
4,296

 
$
(87
)
The effect of derivative instruments not designated as cash flow hedges on the Company’s Consolidated Statement of Operations was as follows:
 
 
Year Ended
June 26, 2016
 
June 28, 2015
Derivatives Not Designated as Hedging Instruments:
Location of (Loss) Gain 
Recognized
in Income
Loss
Recognized
in Income
 
Gain
Recognized
in Income
 
 
(in thousands)
 
 
Foreign Exchange Contracts
Other income
$
(16,208
)
 
$
1,784