Debt Instruments (Tables)

12 Months Ended

Jul. 02, 2011

Debt Instruments

Composition Of The Corporation's Long-Term Debt, Which Includes Capital Lease Obligations

In millions	Maturity Date		2011			2010
Senior debt
Euro denominated – 2.25% note		2012		434			375
6.25% notes		2012		–			1,110
3.875% notes		2013		500			500
10% zero coupon notes ($19 million face value)		2014		15			14
10% – 14.25% zero coupon notes ($105 million face value)		2015		72			64
2.75% notes		2016		400			–
4.1% notes		2021		400			–
6.125% notes		2033		500			500
Total senior debt				2,321			2,563
Obligations under capital lease				3			3
Other debt				81			43
Total debt				2,405			2,609
Unamortized discounts				(5	)		(6	)
Hedged debt adjustment to fair value				9			26
Total long-term debt				2,409			2,629
Less current portion				(473	)		(2	)
			$	1,936		$	2,627

Selected Data On The Corporation's Short-Term Obligations

In millions	2011		2010		2009
Maximum month-end borrowings		$605		$132		$461
Average borrowings during the year		323		69		289
Year-end borrowings		238		47		20
Weighted average interest rate during the year		2.36%		2.67%		3.60%
Weighted average interest rate at year-end		1.34		2.69		6.68