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Related Parties and Related Commitments and Contingencies (Tables)
3 Months Ended
Sep. 29, 2023
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:
September 29,
2023
June 30,
2023
(in millions)
Notes receivable, Flash Partners$21 $37 
Notes receivable, Flash Alliance35 48 
Notes receivable, Flash Forward699 709 
Investment in Flash Partners155 160 
Investment in Flash Alliance227 234 
Investment in Flash Forward108 109 
Total notes receivable and investments in Flash Ventures$1,245 $1,297 
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 September 29, 2023, 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.
September 29,
2023
(in millions)
Notes receivable$755 
Equity investments490 
Operating lease guarantees1,590 
Inventory and prepayments1,047 
Maximum estimable loss exposure$3,882 
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 September 29, 2023.
Lease Amounts
(Japanese yen, in billions)(U.S. dollar, in millions)
Total guarantee obligations¥237 $1,590 
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 September 29, 2023 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of September 29, 2023:
Annual InstallmentsPayment of Principal AmortizationPurchase Option Exercise Price at Final Lease TermsGuarantee Amount
(in millions)
Remaining nine months of 2024
$340 $70 $410 
2025273 80 353 
2026324 121 445 
2027128 102 230 
202837 99 136 
202911516 
Total guarantee obligations$1,103 $487 $1,590