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LONG-TERM DEBT AND OTHER BORROWINGS (Tables)
 6 Months Ended
Dec. 26, 2021
Debt Disclosure [Abstract]  
Schedule of Outstanding Debt
As of December 26, 2021, and June 27, 2021, the Company’s outstanding debt consisted of the following:
December 26, 2021June 27, 2021
Amount
(in thousands)		Effective Interest RateAmount
(in thousands)		Effective Interest Rate
Fixed-rate 3.80% Senior Notes Due March 15, 2025 ("2025 Notes")
500,000 3.87 %500,000 3.87 %
Fixed-rate 3.75% Senior Notes Due March 15, 2026 ("2026 Notes")
750,000 3.86 %750,000 3.86 %
Fixed-rate 4.00% Senior Notes Due March 15, 2029 ("2029 Notes")
1,000,000 4.09 %1,000,000 4.09 %
Fixed-rate 1.90% Senior Notes Due June 15, 2030 ("2030 Notes")
750,000 2.01 %750,000 2.01 %
Fixed-rate 4.875% Senior Notes Due March 15, 2049 ("2049 Notes")
750,000 4.93 %750,000 4.93 %
Fixed-rate 2.875% Senior Notes Due June 15, 2050 ("2050 Notes")
750,000 2.93 %750,000 2.93 %
Fixed-rate 3.125% Senior Notes Due June 15, 2060 ("2060 Notes")
500,000 3.18 %500,000 3.18 %
Total debt outstanding, at par5,000,000 5,000,000 
Unamortized discount(36,945)(38,243)
Fair value adjustment - interest rate contracts5,728 
(1)
6,621 
(1)
Unamortized bond issuance costs(7,138)(7,443)
Total debt outstanding, at carrying value$4,961,645 $4,960,935 
Reported as:
Long-term debt$4,961,645 $4,960,935 
____________________________

(1) This amount represents a cumulative fair value gain for discontinued hedging relationships, net of an immaterial amount of amortization as of the periods presented.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
Selected additional information regarding the Senior Notes outstanding as of December 26, 2021, is as follows: 
Remaining Amortization periodFair Value of Notes (Level 2)
(years)(in thousands)
2025 Notes3.2$537,095 
2026 Notes4.2$817,688 
2029 Notes7.2$1,122,620 
2030 Notes8.5$738,278 
2049 Notes27.2$1,020,758 
2050 Notes28.5$749,880 
2060 Notes38.5$512,775 
Schedule of Recognized Interest Cost Relating to Both Contractual Interest Coupon and Amortization of Discount on Liability Component of Notes
The following table presents the amount of interest cost recognized relating to both the contractual interest coupon and amortization of the debt discount, issuance costs, and effective portion of interest rate contracts with respect to the Senior Notes, convertible notes, and the revolving credit facility during the three and six months ended December 26, 2021 and December 27, 2020.
Three Months EndedSix Months Ended
December 26,
2021		December 27,
2020		December 26,
2021		December 27,
2020
(in thousands)
Contractual interest coupon$43,782 $49,515 $87,564 $99,086 
Amortization of interest discount690 1,001 1,373 2,013 
Amortization of issuance costs336 413 671 824 
Effect of interest rate contracts, net611 511 1,216 1,017 
Total interest cost recognized$45,419 $51,440 $90,824 $102,940