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Related Parties and Related Commitments and Contingencies (Tables)
 12 Months Ended
Jul. 01, 2022
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Notes Receivable and Investments in Related Parties The following table presents the notes receivable from, and equity investments in, Flash Ventures as of July 1, 2022 and July 2, 2021:
July 1,
2022		July 2,
2021
(in millions)
Notes receivable, Flash Partners$27 $191 
Notes receivable, Flash Alliance55 213 
Notes receivable, Flash Forward793 561 
Investment in Flash Partners166 199 
Investment in Flash Alliance243 293 
Investment in Flash Forward112 129 
Total notes receivable and investments in Flash Ventures$1,396 $1,586 
Schedule of Variable Interest Entity Maximum Loss Exposure The Company’s maximum reasonably estimable loss exposure (excluding lost profits) as a result of its involvement with Flash Ventures, based upon the Japanese yen to U.S. dollar exchange rate at July 1, 2022, is presented below. Investments in Flash Ventures are denominated in Japanese yen, and the maximum estimable loss exposure excludes any cumulative translation adjustment due to revaluation from the Japanese yen to the U.S. dollar.
July 1,
2022
(in millions)
Notes receivable$875 
Equity investments521 
Operating lease guarantees1,760 
Inventory and prepayments937 
Maximum estimable loss exposure$4,093 
Schedule of Guarantor Obligations The following table presents the Company’s portion of the remaining guarantee obligations under the Flash Ventures’ lease facilities in both Japanese yen and U.S. dollar-equivalent, based upon the Japanese yen to U.S. dollar exchange rate as of July 1, 2022.
Lease Amounts
(Japanese yen, in billions)(U.S. dollar, in millions)
Total guarantee obligations¥238 $1,760 
Schedule of Remaining Guarantee Obligations
The following table details the breakdown of the Company’s remaining guarantee obligations between the principal amortization and the purchase option exercise price at the end of the term of the Flash Ventures lease agreements, in annual installments as of July 1, 2022 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of July 1, 2022:
Annual InstallmentsPayment of Principal AmortizationPurchase Option Exercise Price at Final Lease TermsGuarantee Amount
(in millions)
2023$505 $53 $558 
2024368 96 464 
2025191 88 279 
2026174 133 307 
2027 and thereafter39 113 152 
Total guarantee obligations$1,277 $483 $1,760