Derivative Financial Instruments (Tables)
9 Months Ended
Apr. 03, 2015
Mar. 28, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Schedule of notional value of outstanding foreign currency forward exchange contracts
 
 
As of April 3, 2015
(Dollars in millions)
 
Contracts
Designated as
Hedges
 
Contracts Not
Designated as
Hedges
Thai Baht
 
$

 
$
36

Singapore Dollars
 
80

 
41

Chinese Renminbi
 
31

 
16

Euro
 

 
11

 
 
$
111

 
$
104

 
 
 
As of June 27, 2014
(Dollars in millions)
 
Contracts
Designated as
Hedges
 
Contracts Not
Designated as
Hedges
Thai Baht
 
$

 
$
143

British Pound Sterling
 
25

 

Malaysian Ringgit
 
9

 

 
 
$
34

 
$
143

 
Schedule of gross fair value of derivative instruments
 
 
As of April 3, 2015
 
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
Derivatives designated as hedging instruments:
 
 
 
 

 
 
 
 

Foreign currency forward exchange contracts
 
Other current assets
 
$

 
Accrued expenses
 
$
(5
)
Derivatives not designated as hedging instruments:
 
 
 
 

 
 
 
 
Foreign currency forward exchange contracts
 
Other current assets
 
$

 
Accrued expenses
 
$
(3
)
Total return swap
 
Other current assets
 

 
Accrued expenses
 

Total derivatives
 
 
 
$

 
 
 
$
(8
)
 
 
 
As of June 27, 2014
 
 
Asset Derivatives
 
Liability Derivatives
(Dollars in millions)
 
Balance Sheet
Location
 
Fair Value
 
Balance Sheet
Location
 
Fair Value
Derivatives designated as hedging instruments:
 
 
 
 

 
 
 
 

Foreign currency forward exchange contracts
 
Other current assets
 
$
3

 
Accrued expenses
 
$

Derivatives not designated as hedging instruments:
 
 
 
 

 
 
 
 

Foreign currency forward exchange contracts
 
Other current assets
 
$
2

 
Accrued expenses
 
$

Total return swap
 
Other current assets
 

 
Accrued expenses
 

Total derivatives
 
 
 
$
5

 
 
 
$

 
Schedule of the effect of derivative instruments on Other comprehensive income (loss) and the Consolidated Statement of Operations
(Dollars in millions) 
Derivatives Designated as Hedging Instruments
 
Amount of
Gain or
(Loss)
Recognized
in OCI on
Derivatives
(Effective
Portion)
 
 
 
Location of
Gain or (Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
 
Amount of
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
 
Location of
Gain or (Loss)
Recognized in
Income on
Derivatives
(Ineffective
Portion and
Amount Excluded
from
Effectiveness
Testing)
 
Amount of
Gain
or (Loss)
Recognized in
Income
(Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing) (a)
 
 
For the Three Months
 
For the Nine Months
 
 
For the Three Months
 
For the Nine Months
 
 
For the Three Months
 
For the Nine Months
Foreign currency forward exchange contracts
 
$
(3
)
 
$
(13
)
 
Cost of revenue
 
$
(7
)
 
$
(9
)
 
Cost of revenue
 
$
1

 
$
1

Derivatives Not Designated as Hedging Instruments
 
Location of Gain or
(Loss) Recognized in
Income on Derivative
 
Amount of Gain or
(Loss) Recognized in
Income on Derivative
 
 
 
 
For the Three Months
For the Nine Months
Foreign currency forward exchange contracts
 
Other, net
 
$
1

$
(4
)
Total return swap
 
Operating expenses
 
$
2

$
2

___________________________________________
(a)
The amount of gain or (loss) recognized in income represents $0 related to the ineffective portion of the hedging relationships and $1 million related to the amount excluded from the assessment of hedge effectiveness for the three and nine months ended April 3, 2015, respectively.
(Dollars in millions)
Derivatives Designated as Hedging Instruments
 
Amount of
Gain or
(Loss)
Recognized
in OCI on
Derivatives
(Effective
Portion)
 
Location of
Gain or (Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
 
Amount of
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
 
Location of
Gain or (Loss)
Recognized in
Income on
Derivatives
(Ineffective
Portion and
Amount Excluded
from
Effectiveness
Testing)
 
Amount of
Gain
or (Loss)
Recognized in
Income
(Ineffective
Portion and
Amount
Excluded from
Effectiveness
Testing) (a)
 
 
For the Three Months
 
For the Nine Months
 
 
 
For the Three Months
 
For the Nine Months
 
 
 
For the Three Months
 
For the Nine Months
Foreign currency forward exchange contracts
 
$
1

 
$

 
Cost of revenue
 
$

 
$

 
Cost of revenue
 
$

 
$

Derivatives Not Designated as Hedging Instruments
 
Location of Gain or
(Loss) Recognized in
Income on Derivatives
 
Amount of Gain or
(Loss) Recognized in
Income on Derivatives
 
 
 
 
For the Three Months
For the Nine Months
Foreign currency forward exchange contracts
 
Other, net
 
$
1

$
(4
)
___________________________________________
(a)
The amount of gain or (loss) recognized in income represents $0 related to the ineffective portion of the hedging relationship and $0 related to the amount excluded from the assessment of hedge effectiveness for the three and nine months ended March 28, 2014.