Disclosure Text Block Supplement [Abstract] | Period [Axis] |
---|
2015-07-04 - 2016-07-01 |
---|
Disclosure Text Block Supplement [Abstract] | |
Summary of fair value and amortized cost of investments, by major type | The following table summarizes, by major type, the fair value and amortized cost of the Company's investments as of July 3, 2015: | | | | | | | | | | | | | | (Dollars in millions) | | Amortized Cost | | Unrealized Gain/(Loss) | | Fair Value | Available-for-sale securities: | | | | | | | Money market funds | | $ | 1,203 |
| | $ | — |
| | $ | 1,203 |
| Corporate bonds | | 6 |
| | — |
| | 6 |
| Certificates of deposit | | 867 |
| | — |
| | 867 |
| Total | | $ | 2,076 |
| | $ | — |
| | $ | 2,076 |
| | | | | | | | Included in Cash and cash equivalents | | |
| | | | $ | 2,063 |
| Included in Short-term investments | | |
| | | | 6 |
| Included in Other current assets | | |
| | | | 7 |
| Total | | |
| | | | $ | 2,076 |
|
The following table summarizes, by major type, the fair value and amortized cost of the Company's investments as of July 1, 2016: | | | | | | | | | | | | | | (Dollars in millions) | | Amortized Cost | | Unrealized Gain/(Loss) | | Fair Value | Available-for-sale securities: | | | | | | | Money market funds | | $ | 318 |
| | $ | — |
| | $ | 318 |
| Corporate bonds | | 6 |
| | — |
| | 6 |
| Certificates of deposit | | 444 |
| | — |
| | 444 |
| Total | | $ | 768 |
| | $ | — |
| | $ | 768 |
| | | | | | | | Included in Cash and cash equivalents | | |
| | | | $ | 755 |
| Included in Short-term investments | | |
| | | | 6 |
| Included in Other current assets | | |
| | | | 7 |
| Total | | |
| | | | $ | 768 |
|
|
Fair value and amortized cost of available-for-sale securities by contractual maturity | The fair value and amortized cost of the Company's investments classified as available-for-sale at July 1, 2016 by remaining contractual maturity was as follows: | | | | | | | | | | (Dollars in millions) | | Amortized Cost | | Fair Value | Due in less than 1 year | | $ | 767 |
| | $ | 767 |
| Due in 1 to 5 years | | 1 |
| | 1 |
| Due in 5 to 10 years | | — |
| | — |
| Thereafter | | — |
| | — |
| Total | | $ | 768 |
| | $ | 768 |
|
|
Accounts Receivable, net | The following table provides details of the accounts receivable, net balance sheet item: | | | | | | | | | | (Dollars in millions) | | July 1, 2016 | | July 3, 2015 | Accounts receivable | | $ | 1,327 |
| | $ | 1,744 |
| Allowance for doubtful accounts | | (9 | ) | | (9 | ) | | | $ | 1,318 |
| | $ | 1,735 |
|
|
Activity in the allowance for doubtful accounts | | | | | | | | | | | | | | | | | (Dollars in millions) | | Balance at Beginning of Period | | Charges (Credit) to Operations | | Deductions (a) | | Balance at End of Period | Fiscal year ended June 27, 2014 | | $ | 8 |
| | 4 |
| | — |
| | $ | 12 |
| Fiscal year ended July 3, 2015 | | $ | 12 |
| | — |
| | (3 | ) | | $ | 9 |
| Fiscal year ended July 1, 2016 | | $ | 9 |
| | 1 |
| | (1 | ) | | $ | 9 |
|
___________________________________ | | (a) | Uncollectible accounts written off, net of recoveries. |
|
Inventories | | | | | | | | | | | (Dollars in millions) | | July 1, 2016 | | July 3, 2015 | Raw materials and components | | $ | 307 |
| | $ | 352 |
| Work-in-process | | 297 |
| | 239 |
| Finished goods | | 264 |
| | 402 |
| | | $ | 868 |
| | $ | 993 |
|
|
Other Current Assets | | | | | | | | | | | (Dollars in millions) | | July 1, 2016 | | July 3, 2015 | Vendor non-trade receivables | | $ | 66 |
| | $ | 66 |
| Other | | 150 |
| | 167 |
| | | $ | 216 |
| | $ | 233 |
|
|
Property, Equipment and Leasehold Improvements, net | | | | | | | | | | | | | (Dollars in millions) | | Useful Life in Years | | July 1, 2016 | | July 3, 2015 | Land and land improvements | | | | $ | 69 |
| | $ | 48 |
| Equipment | | 3 – 5 | | 7,681 |
| | 7,440 |
| Buildings and leasehold improvements | | Up to 48 | | 1,900 |
| | 1,595 |
| Construction in progress | | | | 234 |
| | 547 |
| | | | | 9,884 |
| | 9,630 |
| Less: accumulated depreciation and amortization | | | | (7,724 | ) | | (7,352 | ) | | | | | $ | 2,160 |
| | $ | 2,278 |
|
|
Accumulated Other Comprehensive Income (Loss) | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | | Unrealized Gains (Losses) on Cash Flow Hedges | | Unrealized Gains (Losses) on Marketable Securities (a) | | Unrealized Gains (Losses) on Post- Retirement Plans | | Foreign Currency Translation Adjustments | | Total | Balance at June 27, 2014 | | $ | (1 | ) | | $ | — |
| | $ | (10 | ) | | $ | 9 |
| | $ | (2 | ) | Other comprehensive income (loss) before reclassifications | | (11 | ) | | — |
| | (5 | ) | | (25 | ) | | (41 | ) | Amounts reclassified from AOCI | | 13 |
| | — |
| | — |
| | — |
| | 13 |
| Other comprehensive income (loss) | | 2 |
| | — |
| | (5 | ) | | (25 | ) | | (28 | ) | Balance at July 3, 2015 | | 1 |
| | — |
| | (15 | ) | | (16 | ) | | (30 | ) | Other comprehensive income (loss) before reclassifications | | (4 | ) | | — |
| | 8 |
| | (1 | ) | | 3 |
| Amounts reclassified from AOCI | | 2 |
| | — |
| | — |
| | — |
| | 2 |
| Other comprehensive income (loss) | | (2 | ) | | — |
| | 8 |
| | (1 | ) | | 5 |
| Balance at July 1, 2016 | | $ | (1 | ) | | $ | — |
| | $ | (7 | ) | | $ | (17 | ) | | $ | (25 | ) |
___________________________________________ | | (a) | The cost of a security sold or the amount reclassified out of AOCI into earnings was determined using the specific identification method. |
|