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Derivatives (Tables)
 12 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value and Balance Sheet Location of Contracts
The fair value and balance sheet location of the Company’s derivative instruments were as follows:
 
Derivative Assets Reported in
 
Other current assets
 
Other non-current assets
 
June 30,
2017
 
July 1,
2016
 
June 30,
2017
 
July 1,
2016
 
(in millions)
Foreign exchange forward contracts, designated
$
6

 
$
114

 
$
—

 
$
—

Foreign exchange forward contracts, not designated
10

 
12

 
—

 
—

Call options
—

 
70

 
—

 
1

Total derivatives
$
16

 
$
196

 
$
—

 
$
1



 
Derivative Liabilities Reported in
 
Accrued expenses
 
Other liabilities
 
June 30,
2017
 
July 1,
2016
 
June 30,
2017
 
July 1,
2016
 
(in millions)
Foreign exchange forward contracts, designated
$
2

 
$
23

 
$
—

 
$
—

Foreign exchange forward contracts, not designated
6

 
—

 
—

 
—

Interest rate swaps, designated
1

 
—

 
—

 
—

Exchange option
—

 
141

 
1

 
14

Total derivatives
$
9

 
$
164

 
$
1

 
$
14
Gains (Losses) of Derivatives in Cash Flow Hedging Relationships
The impact of derivative contracts on the Consolidated Financial Statements was as follows:
 
Amount of Gain (Loss) Recognized in AOCI
 
2017
 
2016
 
2015
 
(in millions)
Derivatives designated as hedging instruments:
 
 
 
 
 
Foreign exchange forward contracts
$
(46
)
 
$
48

 
$
(74
)
Interest rate swaps
(1
)
 
—

 
—

Total
$
(47
)
 
$
48

 
$
(74
)

 
Amount of Gain (Loss) Reclassified from AOCI into Earnings
 
2017
 
2016
 
2015
 
(in millions)
Derivatives designated as hedging instruments:
 
 
 
 
 
Foreign exchange forward contracts
$
30

 
$
(51
)
 
$
(44
)