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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Jul. 02, 2022
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value table
The following tables present the company’s assets measured at fair value on a recurring basis as of July 2, 2022 and July 3, 2021:
 Assets and Liabilities Measured at Fair Value as of Jul. 2, 2022
 Level 1Level 2Level 3Total
 (In thousands)
Assets:    
Cash equivalents    
Cash and cash equivalents$625,281 $10,007 $— $635,288 
Other assets (1)
64,290 — — 64,290 
Total assets at fair value$689,571 $10,007 $— $699,578 
(1)
Represents restricted cash balance recorded within other assets in the consolidated balance sheet.

 Assets and Liabilities Measured at Fair Value as of Jul. 3, 2021
 Level 1Level 2Level 3Total
 (In thousands)
Assets:    
Cash equivalents    
Cash and cash equivalents$2,674,938 $3 $— $2,674,941 
Other assets (1)
29,977 — — 29,977 
Total assets at fair value$2,704,915 $3 $— $2,704,918 
(1)
Represents restricted cash balance recorded within other assets in the consolidated balance sheet.