XML 73 R59.htm IDEA: XBRL DOCUMENT v3.23.2
Income taxes (Effective Tax Rate) (Details)
12 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 03, 2021
Reconciliation between federal statutory tax rate and effective tax rate      
U.S. federal statutory rate 21.00% 21.00% 21.00%
State and local income taxes, net of federal benefit 0.90% 1.10% (2.20%)
Tax on foreign income, net of valuation allowances 0.50% (1.70%) (10.70%)
Establishment/release of valuation allowance, net of U.S. tax expense 0.50% (5.80%) 2.10%
Change in unrecognized tax benefit reserves (0.50%) (0.60%) 14.30%
Tax audit settlements 0.30% 0.20% 0.40%
Impact of surrender of Company owned life insurance policies   1.40%  
Impact on foreign currency translation loss (1.20%)    
Impact of the CARES Act     (8.40%)
Impairments of investments     (22.40%)
Other, net 0.10% 1.30% (5.80%)
Effective Income Tax Rate 21.60% 16.90% (11.70%)