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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Jul. 03, 2021
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value table
The following tables present the company’s assets measured at fair value on a recurring basis as of July 3, 2021 and June 27, 2020:
 Assets and Liabilities Measured at Fair Value as of Jul. 3, 2021
 Level 1Level 2Level 3Total
 (In thousands)
Assets:    
Cash equivalents    
Cash and cash equivalents$2,805,961 $3 $— $2,805,964 
Other assets (1)
29,977 — — 29,977 
Total assets at fair value$2,835,938 $3 $— $2,835,941 

(1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.

 Assets and Liabilities Measured at Fair Value as of Jun. 27, 2020
 Level 1Level 2Level 3Total
 (In thousands)
Assets:    
Cash equivalents    
Cash and cash equivalents$5,245,487 $300,200 $— $5,545,687 
Other assets (1)
36,143 — — 36,143 
Total assets at fair value$5,281,630 $300,200 $— $5,581,830 

(1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.