| Financial Instruments Carried at Fair Value |
The following table sets forth financial instruments carried at fair value within the U.S. GAAP hierarchy (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 27, 2015 | | June 28, 2015 | | Level 1 | | Level 2 | | Level 3 | | Total | | Level 1 | | Level 2 | | Level 3 | | Total | Assets: | | | | | | | | | | | | | | | | Cash equivalents: | | | | | | | | | | | | | | | | Non-U.S. certificates of deposit |
| $— |
| |
| $158 |
| |
| $— |
| |
| $158 |
| |
| $— |
| |
| $157 |
| |
| $— |
| |
| $157 |
| Money market funds | 8,416 |
| | — |
| | — |
| | 8,416 |
| | 16,457 |
| | — |
| | — |
| | 16,457 |
| Total cash equivalents | 8,416 |
| | 158 |
| | — |
| | 8,574 |
| | 16,457 |
| | 157 |
| | — |
| | 16,614 |
| Short-term investments: | | | | | | | | | | | | | | | | Municipal bonds | — |
| | 194,029 |
| | — |
| | 194,029 |
| | — |
| | 194,770 |
| | — |
| | 194,770 |
| Corporate bonds | — |
| | 159,160 |
| | — |
| | 159,160 |
| | — |
| | 153,505 |
| | — |
| | 153,505 |
| Non-U.S. certificates of deposit | — |
| | 195,524 |
| | — |
| | 195,524 |
| | — |
| | 225,206 |
| | — |
| | 225,206 |
| Total short-term investments | — |
| | 548,713 |
| | — |
| | 548,713 |
| | — |
| | 573,481 |
| | — |
| | 573,481 |
| Other long-term investments: | | | | | | | | | | | | | | | | Common stock of non-U.S. corporations | — |
| | 34,611 |
| | — |
| | 34,611 |
| | — |
| | 57,595 |
| | — |
| | 57,595 |
| Total other long-term investments | — |
| | 34,611 |
| | — |
| | 34,611 |
| | — |
| | 57,595 |
| | — |
| | 57,595 |
| Total assets |
| $8,416 |
| |
| $583,482 |
| |
| $— |
| |
| $591,898 |
| |
| $16,457 |
| |
| $631,233 |
| |
| $— |
| |
| $647,690 |
|
|