FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Sep. 25, 2022

Schedule of Cash, Cash Equivalents, Investments, Restricted Cash and Investments and Other Assets Measured at Fair Value on Recurring Basis

The following tables set 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 September 25, 2022, and June 26, 2022:


	September 25, 2022
									(Reported Within)
	Cost		Unrealized Gain		Unrealized (Loss)		Fair Value		Cash and Cash Equivalents		Investments		Restricted Cash & Investments		Other Assets
	(in thousands)
Level 1:
Money market funds	$	1,237,763	$	—	$	—	$	1,237,763	$	1,237,763	$	—	$	—	$	—


Mutual funds	82,051		9,915		(2,518)		89,448		—		—		—		89,448
Level 1 Total	1,319,814		9,915		(2,518)		1,327,211		1,237,763		—		—		89,448
Level 2:




Corporate notes and bonds	122,644		—		(2,093)		120,551		—		120,551		—		—


Level 2 Total	122,644		—		(2,093)		120,551		—		120,551		—		—
Total subject to fair value hierarchy	$	1,442,458	$	9,915	$	(4,611)	$	1,447,762
Cash							$	1,644,514	$	1,643,586	$	—	$	928	$	—
Time deposits							1,625,177		1,375,150		—		250,027		—
Total							$	4,717,453	$	4,256,499	$	120,551	$	250,955	$	89,448


	June 26, 2022
									(Reported Within)
	Cost		Unrealized Gain		Unrealized (Loss)		Fair Value		Cash and Cash Equivalents		Investments		Restricted Cash & Investments		Other Assets
	(in thousands)
Level 1:
Money market funds	$	712,076	$	—	$	—	$	712,076	$	712,076	$	—	$	—	$	—

Mutual funds	84,851		12,027		(1,659)		95,219		—		—		—		95,219
Level 1 Total	796,927		12,027		(1,659)		807,295		712,076		—		—		95,219
Level 2:




Corporate notes and bonds	137,859		—		(2,128)		135,731		—		135,731		—		—


Level 2 Total	137,859		—		(2,128)		135,731		—		135,731		—		—
Total subject to fair value hierarchy	$	934,786	$	12,027	$	(3,787)	$	943,026
Cash							$	1,017,253	$	1,015,747	$	—	$	1,506	$	—
Time deposits							2,044,206		1,794,178		—		250,028		—
Total							$	4,004,485	$	3,522,001	$	135,731	$	251,534	$	95,219

Schedule of Investments in Unrealized Loss Positions

The following is an analysis of the Company’s investments in unrealized loss positions:


	September 25, 2022
	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)


Mutual funds	$	35,363	$	(2,259)	$	1,488	$	(259)	$	36,851	$	(2,518)


Corporate notes and bonds	119,857		(2,093)		—		—		119,857		(2,093)


	$	155,220	$	(4,352)	$	1,488	$	(259)	$	156,708	$	(4,611)

Schedule of Amortized Cost and Fair Value of Cash Equivalents, Investments, Restricted Cash and Investments with Contractual Maturities

The amortized cost and fair value of cash equivalents, investments, and restricted investments with contractual maturities are as follows as of September 25, 2022:


	Cost		Fair Value
	(in thousands)
Due in one year or less	$	2,937,758	$	2,936,838
Due after one year through five years	47,826		46,653

	$	2,985,584	$	2,983,491