Thailand Flooding

12 Months Ended

Jul. 03, 2015

Extraordinary and Unusual Items [Abstract]

Thailand Flooding

Note 16. Thailand Flooding

In October 2011, severe flooding in Thailand inundated all of the Company’s Thailand manufacturing facilities and submerged certain equipment located there. The Company maintains insurance coverage that provides property and business interruption coverage in the event of losses arising from flooding. As a result, the Company recorded $37 million and $65 million of flood-related insurance recoveries in fiscal 2015 and 2014, respectively. These flood-related insurance recoveries were included within the selling, general and administrative expenses within the Company's consolidated statements of income. All flood-related claims submitted by the Company to its insurers were closed as of July 3, 2015.