FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Sep. 24, 2023

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

The following tables set forth the Company’s cash, cash equivalents, investments, and other assets measured at fair value on a recurring basis as of September 24, 2023, and June 25, 2023:


	September 24, 2023
									(Reported Within)
	Cost		Unrealized Gain		Unrealized (Loss)		Fair Value		Cash and Cash Equivalents		Investments		Other Assets
	(in thousands)
Level 1:
Money market funds	$	1,657,890	$	—	$	—	$	1,657,890	$	1,657,890	$	—	$	—


Mutual funds	100,113		16,826		(1,973)		114,966		—		—		114,966
Level 1 Total	1,758,003		16,826		(1,973)		1,772,856		1,657,890		—		114,966
Level 2:




Corporate notes and bonds	30,727		2		(172)		30,557		—		30,557		—


Level 2 Total	30,727		2		(172)		30,557		—		30,557		—
Total subject to fair value hierarchy	$	1,788,730	$	16,828	$	(2,145)	$	1,803,413
Cash							$	1,772,866	$	1,772,207	$	—	$	659
Time deposits							1,696,053		1,696,053		—		—
Total							$	5,272,332	$	5,126,150	$	30,557	$	115,625


	June 25, 2023
									(Reported Within)
	Cost		Unrealized Gain		Unrealized (Loss)		Fair Value		Cash and Cash Equivalents		Investments		Other Assets
	(in thousands)
Level 1:
Money market funds	$	2,223,642	$	—	$	—	$	2,223,642	$	2,223,642	$	—	$	—

Mutual funds	96,646		12,092		(2,069)		106,669		—		—		106,669
Level 1 Total	2,320,288		12,092		(2,069)		2,330,311		2,223,642		—		106,669
Level 2:




Corporate notes and bonds	38,033		—		(392)		37,641		—		37,641		—


Level 2 Total	38,033		—		(392)		37,641		—		37,641		—
Total subject to fair value hierarchy	$	2,358,321	$	12,092	$	(2,461)	$	2,367,952
Cash							$	2,132,811	$	2,132,522	$	—	$	289
Time deposits							1,230,919		980,892		—		250,027
Total							$	5,731,682	$	5,337,056	$	37,641	$	356,985

Schedule of Investments in Unrealized Loss Positions

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


	September 24, 2023
	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	$	599	$	(6)	$	21,788	$	(1,967)	$	22,387	$	(1,973)


Corporate notes and bonds	5,378		(1)		17,834		(171)		23,212		(172)


	$	5,977	$	(7)	$	39,622	$	(2,138)	$	45,599	$	(2,145)

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 as of September 24, 2023 are as follows:


	Cost		Fair Value
	(in thousands)
Due in one year or less	$	3,384,670	$	3,384,500
Due after one year through five years	—		—

	$	3,384,670	$	3,384,500