INVENTORIES

6 Months Ended

Dec. 26, 2021

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. System shipments to customers in Japan, for which title does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until title transfers. Inventories consist of the following:

	December 26, 2021		June 27, 2021
	(in thousands)
Raw materials	$	1,847,498	$	1,519,456
Work-in-process	385,042		391,686
Finished goods	841,637		778,152
	$	3,074,177	$	2,689,294