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Financial Instruments (Tables)
 3 Months Ended
Sep. 28, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Available for Sale [Table Text Block]
Securities categorized as available for sale are stated at fair value, with unrealized gains and losses reported as a component of accumulated other comprehensive income (loss). The amortized cost, unrealized gains and losses, and fair market values of the company's investment securities available for sale at September 28, 2013 are summarized as follows:
 
September 28, 2013
(In millions)
Amortized Cost
 
Unrealized Gain/(Loss)
 
Fair Market Value
Available-for-sale:(1)
 
 
 
 
 
Commercial Paper
$
158

 
$
—

 
$
158

Corporate Note
95

 
—

 
95

Total
$
253

 
$
—

 
$
253

(1)
Categorized as level 1: Observable input such as quoted prices in active markets for identical assets or liabilities
Aggregate Notional Dollar Amount Of Derivatives
The notional values of the various derivative instruments used by the company are summarized in the following table:
 
Notional Values
(In millions)
September 28, 2013
 
June 29, 2013
 
Hedge Coverage (Number of months)
Commodity Contracts:
 
 
 
 
 
Commodity Future Contracts:(1)
 
 
 
 
 
Grains/Oilseed
$
46

 
$
34

 
7
Energy
$
26

 
$
29

 
11
Other commodities
$
9

 
$
20

 
5
 
(1) Commodity futures contracts are determined by the initial cost of the contract
Fair Value Of The Long Term Debt Including The Current Portion
 
 
September 28, 2013
 
June 29, 2013
(In millions)
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
Long-term debt, including current portion
$
978

 
$
951

 
$
981

 
$
951
Information Relating To Cash Flow Hedges Net Investment Hedges Fair Value Hedges And Other Derivatives Not Designated As Hedging Instruments [Text Block]
Information related to our cash flow hedges, net investment hedges, fair value hedges and other derivatives not designated as hedging instruments for the quarters ended September 28, 2013 and September 29, 2012 is as follows:
 
 
Foreign Exchange
Contracts
 
Commodity
Contracts
 
Total
 
Quarter Ended
 
Quarter Ended
 
Quarter Ended
(In millions)
September 28, 2013
 
September 29, 2012
 
September 28, 2013
 
September 29, 2012
 
September 28, 2013
 
September 29, 2012
Cash Flow Derivatives:
 
 
 
 
 
 
 
 
 
 
 
Amount of gain (loss) recognized in other comprehensive income (OCI) (a)
$
—

 
$
—

 
$
(1
)
 
$
12

 
$
(1
)
 
$
12

Amount of gain (loss) reclassified from AOCI into earnings (a) (b)
—

 
—

 
(1
)
 
5

 
(1
)
 
5

Change in amount of gain (loss) expected to be reclassified into earnings during the next twelve months
—

 
—

 
(2
)
 
(11
)
 
(2
)
 
(11
)
Derivatives Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
 
 
 
Amount of gain (loss) recognized in Cost of Sales
—

 
—

 
(1
)
 
4

 
(1
)
 
4

Amount of gain (loss) recognized in SG&A
—

 
(1
)
 
1

 
1

 
1

 
—


(a) Effective portion
(b) Gain (loss) reclassified from AOCI into earnings is reported in selling, general, and administrative (SG&A) expenses for foreign exchange contracts and in cost of sales for commodity contracts