Leases (Tables)

9 Months Ended

Apr. 02, 2021

Leases [Abstract]

Operating Lease Cost

Operating lease costs include short-term lease costs and are shown net of immaterial sublease income. The components of lease costs and other information related to leases were as follows:

	For the Three Months Ended				For the Nine Months Ended
(Dollars in millions)	April 2, 2021		April 3, 2020		April 2, 2021		April 3, 2020
Operating lease cost	$	4	$	6	$	11	$	17
Variable lease cost	1		1		3		3
Total lease cost	$	5	$	7	$	14	$	20
Operating cash outflows from operating leases	$	5	$	4	$	14	$	13

Supplemental Balance Sheet Information

Right-of-use (“ROU”) assets and lease liabilities are included on the Company’s Condensed Consolidated Balance Sheets as follows:

(Dollars in millions)	Balance Sheet Location	April 2, 2021		July 3, 2020
ROU assets	Other assets, net	$	102	$	103
Current lease liabilities	Accrued expenses	$	15	$	14
Non-current lease liabilities	Other non-current liabilities	$	43	$	49

Operating Lease Maturity

At April 2, 2021, future lease payments included in the measurement of lease liabilities were as follows (in millions):

Fiscal Year	Amount
Remainder of 2021	$	4
2022	16
2023	12
2024	7
2025	5
Thereafter	25
Total lease payments	69
Less: imputed interest	(11)
Present value of lease liabilities	$	58