FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Oct. 02, 2021

Fair Value Disclosures [Abstract]

Schedule of 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 October 2, 2021 and July 3, 2021:

	Assets Measured at Fair Value as of Oct. 2, 2021
	Level 1		Level 2		Level 3		Total
	(In thousands)
Assets:
Cash equivalents
Cash and cash equivalents	$	1,610,164	$	400,003	$	—	$	2,010,167
Other assets (1)	44,348		—		—		44,348
Total assets at fair value	$	1,654,512	$	400,003	$	—	$	2,054,515

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

	Assets Measured at Fair Value as of Jul. 3, 2021
	Level 1		Level 2		Level 3		Total
	(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.