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Foreign Exchange Contracts (Tables)
12 Months Ended
Jul. 03, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value and Balance Sheet Location of Contracts
The fair value and balance sheet location of such contracts were as follows (in millions): 
 
 
Asset Derivatives
 
Liability Derivatives
 
 
2015
 
2014
 
2015
 
2014
Derivatives Designated as
Hedging Instruments
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
Foreign exchange contracts
 
Other current
assets
 
$

 
Other current
assets
 
$
7

 
Accrued
expenses
 
$
31

 
Accrued
expenses
 
$
2

Offsetting Assets and Liabilities [Table Text Block]
The following table presents the gross amounts of the Company's derivative instruments, amounts offset due to master netting arrangements with the Company's various counterparties, and the net amounts recognized in the consolidated balance sheet as of July 3, 2015 (in millions):

 
 
 
 
 
 
 
Gross Amounts Not Offset in the Balance Sheet
 
 
Derivatives Designated as
Hedging Instruments
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in the Balance Sheet
 
Net Amounts of Assets (Liabilities) Presented in the Balance Sheet
 
Financial Instruments
 
Cash Collateral Received or Pledged
 
Net Amount
Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
  Financial liabilities
(31
)
 

 
$
(31
)
 

 

 
(31
)
    Total derivative instruments
$
(31
)
 
$

 
$
(31
)
 
$

 
$

 
$
(31
)

The following table presents the gross amounts of the Company's derivative instruments, amounts offset due to master netting arrangements with the Company's various counterparties, and the net amounts recognized in the consolidated balance sheet as of June 27, 2014 (in millions):
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Balance Sheet
 
 
Derivatives Designated as
Hedging Instruments
Gross Amounts of Recognized Assets (Liabilities)
 
Gross Amounts Offset in the Balance Sheet
 
Net Amounts of Assets (Liabilities) Presented in the Balance Sheet
 
Financial Instruments
 
Cash Collateral Received or Pledged
 
Net Amount
Foreign exchange contracts
 
 
 
 
 
 
 
 
 
 
 
  Financial assets
$
9

 
$
(2
)
 
$
7

 
$

 
$

 
$
7

  Financial liabilities
(4
)
 
2

 
(2
)
 

 

 
(2
)
    Total derivative instruments
$
5

 
$

 
$
5

 
$

 
$

 
$
5

Gains (Losses) of Derivatives in Cash Flow Hedging Relationships
The impact on the consolidated financial statements was as follows (in millions): 
Derivatives in Cash Flow Hedging Relationships
 
Amount of Gain
(Loss)
Recognized in
Accumulated
Other Comprehensive Income
on Derivatives
 
Location of Gain (Loss)
Reclassified from
Accumulated
Other Comprehensive Income into Income
 
Amount of Gain (Loss)
Reclassified
from
Accumulated
Other Comprehensive Income into
Income
 
2015
 
2014
 
 
 
2015
 
2014
Foreign exchange contracts
 
$
(74
)
 
$
13

 
Cost of revenue
 
$
(44
)
 
$
(38
)