Related Parties and Related Commitments and Contingencies (Tables)

9 Months Ended

Mar. 29, 2024

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:

	March 29, 2024		June 30, 2023
	(in millions)
Notes receivable, Flash Partners	$	—	$	37
Notes receivable, Flash Alliance	—		48
Notes receivable, Flash Forward	556		709
Investment in Flash Partners	157		161
Investment in Flash Alliance	234		276
Investment in Flash Forward	152		179
Total notes receivable and investments in Flash Ventures	$	1,099	$	1,410

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 March 29, 2024, 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.

	March 29, 2024
	(in millions)
Notes receivable	$	556
Equity investments	543
Operating lease guarantees	1,431
Inventory and prepayments	1,046
Maximum estimable loss exposure	$	3,576

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 March 29, 2024.

	Lease Amounts
	(Japanese yen, in billions)		(U.S. dollar, in millions)
Total guarantee obligations	¥	216	$	1,431

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 March 29, 2024 in U.S. dollars, based upon the Japanese yen to U.S. dollar exchange rate as of March 29, 2024:

Annual Installments	Payment of Principal Amortization		Purchase Option Exercise Price at Final Lease Terms		Guarantee Amount
	(in millions)
Remaining three months of 2024	$	110	$	27	$	137
2025	290		79		369
2026	359		119		478
2027	154		101		255
2028	50		97		147
2029	6		39		45
Total guarantee obligations	$	969	$	462	$	1,431