Lam Research (LRCX) 10-K24 Aug 222022 FY Annual reportFinancial data

Company Profile

Cover Page

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Jun. 26, 2022	Aug. 22, 2022	Dec. 26, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 26, 2022
Current Fiscal Year End Date	--06-26
Document Transition Report	false
Entity File Number	0-12933
Entity Registrant Name	LAM RESEARCH CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-2634797
Entity Address, Address Line One	4650 Cushing Parkway,
Entity Address, City or Town	Fremont,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94538
City Area Code	510
Local Phone Number	572-0200
Title of 12(b) Security	Common Stock, Par Value $0.001 Per Share
Trading Symbol	LRCX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 77,032,123,135
Entity Common Stock, Shares Outstanding		136,987,792
Documents Incorporated by Reference	Parts of the Registrant’s Proxy Statement for the Annual Meeting of Stockholders expected to be held on or about November 8, 2022, are incorporated by reference into Part III of this Form 10-K. Except as expressly incorporated by reference herein, the Registrant’s proxy statement shall not be deemed to be part of this report.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0000707549

Audit Information

Audit Information	12 Months Ended
Audit Information	Jun. 26, 2022
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	San Jose, California
Auditor Firm ID	42

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Income Statement [Abstract]
Revenue	$ 17,227,039	$ 14,626,150	$ 10,044,736
Cost of goods sold	9,355,232	7,820,844	5,436,043
Gross margin	7,871,807	6,805,306	4,608,693
Research and development	1,604,248	1,493,408	1,252,412
Selling, general, and administrative	885,737	829,875	682,479
Total operating expenses	2,489,985	2,323,283	1,934,891
Operating income	5,381,822	4,482,023	2,673,802
Other income (expense), net	(188,708)	(111,219)	(98,824)
Income before income taxes	5,193,114	4,370,804	2,574,978
Income tax expense	(587,828)	(462,346)	(323,225)
Net income	$ 4,605,286	$ 3,908,458	$ 2,251,753
Net income per share:
Basic (usd per share)	$ 32.92	$ 27.22	$ 15.55
Diluted (usd per share)	$ 32.75	$ 26.90	$ 15.10
Number of shares used in per share calculations:
Basic (shares)	139,899	143,609	144,814
Diluted (shares)	140,628	145,320	149,090

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 4,605,286	$ 3,908,458	$ 2,251,753
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment	(50,342)	14,398	(6,441)
Cash flow hedges:
Net unrealized gains (losses) during the period	30,849	22,139	(30,603)
Net (gains) losses reclassified into net income	(29,054)	(3,468)	2,137
Net change	1,795	18,671	(28,466)
Available-for-sale investments:
Net unrealized (losses) gains during the period	(4,638)	(4,098)	1,842
Net losses reclassified into net income	1,390	786	935
Net change	(3,248)	(3,312)	2,777
Defined benefit plans, net change in unrealized component	5,941	326	1,949
Other comprehensive income (loss), net of tax	(45,854)	30,083	(30,181)
Comprehensive income	$ 4,559,432	$ 3,938,541	$ 2,221,572

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
ASSETS:
Cash and cash equivalents	$ 3,522,001	$ 4,418,263
Investments	135,731	1,310,872
Accounts receivable, less allowance of $5,606 as of June 26, 2022 and $5,255 as of June 27, 2021	4,313,818	3,026,430
Inventories	3,966,294	2,689,294
Prepaid expenses and other current assets	347,391	207,528
Total current assets	12,285,235	11,652,387
Property and equipment, net	1,647,587	1,303,479
Restricted cash and investments	251,534	252,487
Goodwill	1,515,113	1,490,134
Intangible assets, net	101,850	132,365
Other assets	1,394,313	1,061,300
Total assets	17,195,632	15,892,152
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Trade accounts payable	1,011,208	829,710
Accrued expenses and other current liabilities	1,974,272	1,719,483
Deferred profit	1,571,898	967,325
Current portion of long-term debt and finance lease obligations	7,381	11,349
Total current liabilities	4,564,759	3,527,867
Long-term debt and finance lease obligations, less current portion	4,998,449	4,990,333
Income taxes payable	931,117	948,037
Other long-term liabilities	422,941	398,727
Total liabilities	10,917,266	9,864,964
Commitments and contingencies
Stockholders’ equity:
Preferred stock, at par value of $0.001 per share; authorized - 5,000 shares, none outstanding	0	0
Common stock, at par value of $0.001 per share; authorized 400,000 shares as of June 26, 2022 and June 27, 2021; issued and outstanding 136,975 shares as of June 26, 2022, and 142,501 shares as of June 27, 2021	137	143
Additional paid-in capital	7,414,916	7,052,962
Treasury stock, at cost, 157,087 shares as of June 26, 2022, and 150,766 shares as of June 27, 2021	(19,481,429)	(15,646,701)
Accumulated other comprehensive loss	(109,982)	(64,128)
Retained earnings	18,454,724	14,684,912
Total stockholders’ equity	6,278,366	6,027,188
Total liabilities and stockholders’ equity	$ 17,195,632	$ 15,892,152

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,606	$ 5,255
Preferred stock, par value (usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	136,975,000	142,501,000
Common stock, shares outstanding (in shares)	136,975,000	142,501,000
Treasury stock (in shares)	157,087,000	150,766,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,605,286	$ 3,908,458	$ 2,251,753
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	333,739	307,151	268,525
Deferred income taxes	(257,438)	(151,477)	(17,777)
Equity-based compensation expense	259,064	220,164	189,197
Other, net	(44,751)	(17,392)	6,628
Changes in operating asset and liability accounts:
Accounts receivable, net of allowance	(1,287,680)	(928,928)	(641,827)
Inventories	(1,351,344)	(792,591)	(411,608)
Prepaid expenses and other assets	(53,121)	(59,189)	(14,354)
Trade accounts payable	167,884	184,615	208,478
Deferred profit	604,573	508,008	76,207
Accrued expenses and other liabilities	123,462	409,344	211,229
Net cash provided by operating activities	3,099,674	3,588,163	2,126,451
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures and intangible assets	(546,034)	(349,096)	(203,239)
Purchases of available-for-sale securities	(567,819)	(3,389,388)	(2,897,627)
Proceeds from maturities of available-for-sale securities	190,269	2,381,758	1,647,379
Proceeds from sales of available-for-sale securities	1,543,434	1,472,152	1,235,248
Other, net	(7,575)	(42,155)	(25,845)
Net cash provided by (used for) investing activities	612,275	73,271	(244,084)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on long-term debt and finance lease obligations and payments for debt issuance costs	(11,889)	(862,060)	(667,537)
Net proceeds from issuance of long-term debt	0	0	1,974,651
Proceeds from borrowings on revolving credit facility	0	0	1,250,000
Repayment of borrowings on revolving credit facility	0	0	(1,250,000)
Treasury stock purchases	(3,865,663)	(2,697,704)	(1,369,649)
Dividends paid	(815,290)	(726,992)	(656,838)
Reissuances of treasury stock related to employee stock purchase plan	108,178	97,764	85,439
Proceeds from issuance of common stock	5,682	24,123	8,084
Other, net	45	(2,113)	1,920
Net cash used for financing activities	(4,578,937)	(4,166,982)	(623,930)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(30,227)	7,215	(2,750)
Net (decrease) increase in cash, cash equivalents and restricted cash	(897,215)	(498,333)	1,255,687
Cash, cash equivalents and restricted cash at beginning of year	4,670,750	5,169,083	3,913,396
Cash, cash equivalents and restricted cash at end of year	3,773,535	4,670,750	5,169,083
Schedule of non-cash transactions
Accrued payables for stock repurchases	46	20,005	82
Accrued payables for capital expenditures	80,296	61,392	37,812
Dividends payable	205,615	185,431	167,129
Transfers of finished goods inventory to property and equipment	75,068	80,252	51,694
Supplemental disclosures:
Cash payments for interest	175,528	203,932	171,889
Cash payments for income taxes, net	807,669	518,567	222,909
Reconciliation of cash, cash equivalents, and restricted cash
Cash and cash equivalents	3,522,001	4,418,263	4,915,172
Restricted cash and cash equivalents	251,534	252,487	253,911
Total cash, cash equivalents, and restricted cash	$ 3,773,535	$ 4,670,750	$ 5,169,083

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Adoption	Common Stock	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income(Loss)	Retained Earnings	Retained Earnings Adoption
Beginning balance (shares) at Jun. 30, 2019			144,433
Beginning balance at Jun. 30, 2019	$ 4,673,865	$ 3,018	$ 144	$ 6,409,405	$ (11,602,573)	$ (64,030)	$ 9,930,919	$ 3,018
Increase (Decrease) in Stockholders' Equity
Issuance of common stock (shares)			1,288
Issuance of common stock	8,084		$ 1	8,083
Purchase of treasury stock (shares)			(5,371)
Purchase of treasury stock	(1,369,702)		$ (5)		(1,369,697)
Reissuance of treasury stock (in shares)			513
Reissuance of treasury stock	85,439		$ 1	63,057	22,381
Equity-based compensation expense	189,197			189,197
Effect of conversion of convertible notes (shares)			4,468
Effect of conversion of convertible notes	(12,324)		$ 4	(12,328)
Reclassification from temporary to permanent equity	38,444			38,444
Net income	2,251,753						2,251,753
Other comprehensive income (loss)	(30,181)					(30,181)
Cash dividends declared	(665,099)						(665,099)
Ending balance (shares) at Jun. 28, 2020			145,331
Ending balance at Jun. 28, 2020	5,172,494	$ 1,157	$ 145	6,695,858	(12,949,889)	(94,211)	11,520,591	$ 1,157
Increase (Decrease) in Stockholders' Equity
Issuance of common stock (shares)			1,089
Issuance of common stock	24,123		$ 1	24,122
Purchase of treasury stock (shares)			(5,819)
Purchase of treasury stock	(2,717,627)		$ (5)		(2,717,622)
Reissuance of treasury stock (in shares)			484
Reissuance of treasury stock	97,764			76,954	20,810
Equity-based compensation expense	220,164			220,164
Effect of conversion of convertible notes (shares)			1,416
Effect of conversion of convertible notes	24,871		$ 2	24,869
Reclassification from temporary to permanent equity	10,995			10,995
Net income	3,908,458						3,908,458
Other comprehensive income (loss)	30,083					30,083
Cash dividends declared	(745,294)						(745,294)
Ending balance (shares) at Jun. 27, 2021			142,501
Ending balance at Jun. 27, 2021	6,027,188		$ 143	7,052,962	(15,646,701)	(64,128)	14,684,912
Increase (Decrease) in Stockholders' Equity
Issuance of common stock (shares)			795
Issuance of common stock	5,682		$ 1	5,681
Purchase of treasury stock (shares)			(6,574)
Purchase of treasury stock	(3,845,704)		$ (7)		(3,845,697)
Reissuance of treasury stock (in shares)			253
Reissuance of treasury stock	108,178			97,209	10,969
Equity-based compensation expense	259,064			259,064
Net income	4,605,286						4,605,286
Other comprehensive income (loss)	(45,854)					(45,854)
Cash dividends declared	(835,474)						(835,474)
Ending balance (shares) at Jun. 26, 2022			136,975
Ending balance at Jun. 26, 2022	$ 6,278,366		$ 137	$ 7,414,916	$ (19,481,429)	$ (109,982)	$ 18,454,724

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020	Jun. 30, 2019
Dividends declared per share (usd per share)	$ 6	$ 5.20	$ 4.60
ASU 2016-02
Accounting Standards Update [Extensible List]				ASU 2016-02
ASU 2018-18
Accounting Standards Update [Extensible List]			ASU 2018-18

Company and Industry Informatio

Company and Industry Information	12 Months Ended
Company and Industry Information	Jun. 26, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Company and Industry Information	Company and Industry Information The Company designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Semiconductor manufacturing, our customers’ business, involves the complete fabrication of multiple dies or integrated circuits on a wafer. This involves the repetition of a set of core processes and can require hundreds of individual steps. Fabricating these devices requires highly sophisticated process technologies to integrate an increasing array of new materials with precise control at the atomic scale. Along with meeting technical requirements, wafer processing equipment must deliver high productivity and be cost-effective. The Company sells its products and services primarily to companies involved in the production of semiconductors in the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. The semiconductor industry is cyclical in nature and has historically experienced periodic downturns and upturns. Today’s leading indicators of changes in customer investment patterns, such as electronics demand, memory pricing, and foundry utilization rates, may not be any more reliable than in prior years. Demand for the Company’s equipment can vary significantly from period to period as a result of various factors including, but not limited to economic conditions; supply, demand, and prices for semiconductors; customer capacity requirements; and the Company’s ability to develop and market competitive products. For these and other reasons, the Company’s results of operations for fiscal years 2022, 2021, and 2020 may not necessarily be indicative of future operating results. Reclassification: Certain amounts for the fiscal year 2021 footnotes have been reclassified to conform to the fiscal year 2022 presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Jun. 26, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The preparation of financial statements in conformity with GAAP requires management to make judgments, estimates, and assumptions that could affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company bases its estimates and assumptions on historical experience and on various other assumptions it believes to be applicable and evaluates them on an ongoing basis to ensure they remain reasonable under current conditions. Actual results could differ significantly from those estimates. Revenue Recognition: The Company recognizes revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services by following a five-step process, (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when or as the Company satisfies a performance obligation, as further described below. Identify the contract with a customer . The Company generally considers documentation of terms with an approved purchase order as a customer contract provided that collection is considered probable, which is assessed based on the creditworthiness of the customer as determined by credit checks, payment histories, and/or other circumstances. Identify the performance obligations in the contract . Performance obligations include sales of systems, spare parts, and services. In addition, customer contracts contain provisions for installation and training services which have been deemed immaterial in the context of the contract. Determine the transaction price . The transaction price for the Company’s contracts with its customers consists of both fixed and variable consideration provided it is probable that a significant reversal of revenue will not occur when the uncertainty related to variable consideration is resolved. Fixed consideration includes amounts to be contractually billed to the customer while variable consideration includes estimates for discounts and credits for future usage which are based on contractual terms outlined in volume purchase agreements and other factors known at the time. The Company generally invoices customers at shipment and for professional services either as provided or upon meeting certain milestones. Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year. Allocate the transaction price to the performance obligations in the contract . For contracts that contain multiple performance obligations, the Company allocates the transaction price to the performance obligations on a relative standalone selling price basis. Standalone selling prices are based on multiple factors including, but not limited to historical discounting trends for products and services and pricing practices in different geographies. Recognize revenue when or as the Company satisfies a performance obligation . Revenue for systems and spares are recognized at a point in time, which is generally upon shipment or delivery. Revenue from services is recognized over time as services are completed or ratably over the contractual period of generally one year or less. Inventory Valuation: Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. Finished goods are reported as inventories until the point of title transfer to the customer. Unless specified in the terms of sale, title generally transfers at the physical transfer of the products to the freight carriers. Transfer of title for shipments to Japanese customers occurs at the time of customer acceptance. Management evaluates the need to record adjustments for impairment of inventory at least quarterly. The Company’s policy is to assess the valuation of all inventories including manufacturing raw materials, work-in-process, finished goods, and spare parts in each reporting period. Obsolete inventory or inventory in excess of management’s estimated usage requirement is written down to its estimated market value if less than cost. Estimates of market value include but are not limited to management’s forecasts related to the Company’s future manufacturing schedules, customer demand, technological and/or market obsolescence, general semiconductor market conditions, and possible alternative uses. If future customer demand or market conditions are less favorable than the Company’s projections, additional inventory write-downs may be required and would be reflected in cost of goods sold in the period in which the revision is made. Warranty: Typically, the sale of semiconductor capital equipment includes providing parts and service warranties to customers as part of the overall price of the system. The Company provides standard warranties for its systems. The Company records a provision for estimated warranty expenses to cost of sales for each system when it recognizes revenue. The Company does not maintain general or unspecified reserves; all warranty reserves are related to specific systems. All actual or estimated parts and labor costs incurred in subsequent periods are charged to those established reserves on a system-by-system basis. While the Company periodically monitors the performance and cost of warranty activities, if actual costs incurred are different than its estimates, the Company may recognize adjustments to provisions in the period in which those differences arise or are identified. In addition to the provision of standard warranties, the Company offers customer-paid extended warranty services. Revenues for extended maintenance and warranty services with a fixed payment amount are recognized on a straight-line basis over the term of the contract. Related costs are recorded as incurred. Equity-based Compensation — Employee Stock Plans: The Company recognizes the fair value of equity-based compensation expense. The Company determines the fair value of its RSUs, excluding market-based performance RSUs, based upon the fair market value of Company’s Common Stock at the date of grant, discounted for dividends. The Company estimates the fair value of its market-based performance RSUs using a Monte Carlo simulation model at the date of the grant. The Company estimates the fair value of its stock options using a Black-Scholes option valuation model. This model requires the input of subjective assumptions, including expected stock price volatility and the estimated life of each award. The Company amortizes the fair value of equity-based awards over the vesting periods of the award, and the Company has elected to use the straight-line method of amortization. Income Taxes: Deferred income taxes reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effect of carryforwards. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. Realization of its net deferred tax assets is dependent on future taxable income. The Company believes it is more likely than not that such assets will be realized; however, ultimate realization could be negatively impacted by market conditions and other variables not known or anticipated at this time. In the event that the Company determines that it will not be able to realize all or part of its net deferred tax assets, an adjustment will be charged to earnings in the period such determination is made. Likewise, if the Company later determines that it is more likely than not that the deferred tax assets will be realized, then the previously provided valuation allowance will be reversed. The Company recognizes the benefit from a tax position only if it is more likely than not that the position will be sustained upon audit based solely on the technical merits of the tax position. The Company’s policy is to include interest and penalties related to uncertain tax positions as a component of income tax expense. Goodwill and Intangible Assets : The valuation of intangible assets acquired in a business combination requires the use of management estimates including but not limited to estimating future expected cash flows from assets acquired and determining discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable, and as a result, actual results may differ from estimates. Estimates associated with the accounting for acquisitions may change as additional information becomes available. The Company amortizes intangible assets with estimable useful lives over their respective estimated useful lives. Goodwill represents the amount by which the purchase price in each business combination exceeds the fair value of the net tangible and identifiable intangible assets acquired. Each component of the Company for which discrete financial information is available and for which management regularly reviews the results of operations is considered a reporting unit. All goodwill acquired in a business combination is assigned to one or more reporting units as of the acquisition date. Goodwill is assigned to the Company’s reporting units that are expected to benefit from the synergies of the combination. The goodwill assigned to a reporting unit is the difference between the acquisition consideration assigned to the reporting unit on a relative fair value basis and the fair value of acquired assets and liabilities that can be specifically attributed to the reporting unit. The Company reviews goodwill at least annually for impairment during the fourth quarter of each fiscal year and if certain events or indicators of impairment occur between annual impairment tests. The process of evaluating the potential impairment of goodwill requires significant judgment. When reviewing goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, it considers business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value, including goodwill allocated to that reporting unit. The Company did not record impairments of goodwill during the years ended June 26, 2022, June 27, 2021, or June 28, 2020. The Company determines the fair value of its reporting units by using an income approach. Under the income approach, the Company determines fair value based on estimated future cash flows of each reporting unit, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of a reporting unit and the rate of return an outside investor would expect to earn. In estimating the fair value of a reporting unit, the Company makes estimates and judgments about the future cash flows of its reporting units, including estimated growth rates and assumptions about the economic environment. Although the Company’s cash flow forecasts are based on assumptions that are consistent with the plans and estimates it is using to manage the underlying businesses, there is significant judgment involved in determining the cash flows attributable to a reporting unit. In addition, the Company makes certain judgments about allocating shared assets to the estimated balance sheets of its reporting units. Changes in judgment on these assumptions and estimates could result in a goodwill impairment charge. If after completing the quantitative assessment the carrying value of a reporting unit exceeds its fair value, the Company would record an impairment charge equal to the excess of the carrying value of the reporting unit over its fair value, up to the amount the goodwill assigned to the reporting unit. Impairment of Long-lived Assets (Excluding Goodwill): The Company reviews intangible assets whenever events or circumstances indicate that the carrying value of an asset or asset group may not be recoverable. If such indicators are present, the Company determines whether the sum of the estimated undiscounted cash flows attributable to the assets is less than their carrying value. If the sum is less, the Company recognizes an impairment loss based on the excess of the carrying amount of the assets over their respective fair values. Fair value is determined by discounted future cash flows, appraisals, or other methods. The Company recognizes an impairment charge to the extent the fair value attributable to the asset are less than the asset’s carrying value. The fair value of the asset then becomes the asset’s new carrying value, which the Company depreciates over the remaining estimated useful life of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value. For the periods presented, there was no impairment of long-lived assets. In addition, for fully amortized intangible assets, we derecognize the gross cost and accumulated amortization in the period we determine the intangible asset no longer enhances future cash flows. Fiscal Year: The Company follows a 52/53-week fiscal reporting calendar, and its fiscal year ends on the last Sunday of June each year. The Company’s most recent fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020, and each included 52 weeks. Principles of Consolidation: The Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Cash Equivalents and Investments: Investments purchased with an original maturity of three months or less are considered cash equivalents. The Company also invests in certain mutual funds, which include equity and fixed-income securities, related to its obligations under its deferred compensation plan, and such investments are classified as trading securities on the consolidated balance sheets. All of the Company’s other investments are classified as available-for-sale at the respective balance sheet dates. The Company accounts for its investment portfolio at fair value. Investments classified as trading securities are recorded at fair value based upon quoted market prices. Differences between the cost and fair value of trading securities are recognized as other income (expense), net in the Consolidated Statement of Operations. The investments classified as available-for-sale are recorded at fair value based upon quoted market prices, and difference between the cost and fair value of available-for-sale securities is presented as a component of accumulated other comprehensive income (loss). Following the fiscal year 2021 adoption of Accounting Standard Codification Topic 326, under Subtopic 326-30, the Company evaluates its investments with fair value less than amortized cost by first considering whether the Company has the intent to sell the security or whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. In either such situation, the difference between fair value and amortized cost is recognized as a loss in the income statement. Where such sales are not likely to occur, the Company considers whether a portion of the loss is the result of a credit loss. To the extent such losses are the result of credit losses, those amounts are recognized in the income statement. All other differences between fair value and amortized cost are recognized in other comprehensive income. No such losses were recognized through the income statement during the years ended June 26, 2022 and June 27, 2021. No other-than-temporary impairment charges were recognized during the year ended June 28, 2020. Allowance for Expected Credit Losses: The Company maintains an allowance for expected losses resulting from the inability of its customers to make required payments. The Company evaluates its allowance for expected credit losses based on a combination of factors. In circumstances where specific invoices are deemed uncollectible, the Company provides a specific allowance against the amount due to reduce the net recognized receivable to the amount it reasonably believes will be collected. The Company also provides allowances based on its write-off history. Bad debt expense was not material for fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020. Property and Equipment: Property and equipment is stated at cost. Equipment is depreciated by the straight-line method over the estimated useful lives of the assets, generally three three Derivative Financial Instruments: In the normal course of business, the Company’s financial position is routinely subjected to market risk associated with interest rate and foreign currency exchange rate fluctuations. The Company’s policy is to mitigate the effect of interest rate fluctuations on certain proposed debt instruments and exchange rate fluctuations on certain foreign currency denominated business exposures. The Company has a policy that allows the use of derivative financial instruments to hedge foreign currency exchange rate fluctuations on forecasted revenue and expenses and net monetary assets or liabilities denominated in various foreign currencies. The Company carries derivative financial instruments (derivatives) on the balance sheet at their fair values. The Company does not use derivatives for trading or speculative purposes. The Company does not believe that it is exposed to more than a nominal amount of credit risk in its interest rate and foreign currency hedges, as counterparties are large, global and well-capitalized financial institutions. The Company maintains an active currency hedging program and believes there is minimal risk that appropriate derivatives to maintain the Company’s hedging program would not be available in the future. To hedge foreign currency risks, the Company uses foreign currency exchange forward and option contracts, where possible and prudent. These hedge contracts are valued using standard valuation formulas with assumptions about future foreign currency exchange rates derived from existing exchange rates, interest rates, and other market factors. The Company considers its most current forecast in determining the level of foreign currency denominated revenue and expenses to hedge as cash flow hedges. The Company combines these forecasts with historical trends to establish the portion of its expected volume to be hedged. The revenue and expenses are hedged and designated as cash flow hedges to protect the Company from exposures to fluctuations in foreign currency exchange rates. If the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the related hedge gains and losses on the cash flow hedge are reclassified from accumulated other comprehensive income (loss) to other income (expense), net on the Consolidated Statement of Operations at that time. Leases: Lease expense for operating leases is recognized on a straight-line basis over the lease term. The Company includes renewals and terminations in the calculation of the right-of-use asset and liability when the provision is reasonably certain to be exercised. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments when the rate implicit in the lease is unknown. The Company has elected the following practical expedients and accounting policy elections for accounting under ASC 842: (i) leases with an initial lease term of 12 months or less are not recorded on the balance sheet; and (ii) lease and non-lease components of a contract are accounted for as a single lease component. Guarantees: The Company has certain finance leases that contain provisions whereby the properties subject to the finance leases may be remarketed at lease expiration. The Company has guaranteed to the lessor an amount approximating the lessor’s investment in the property. Also, the Company’s guarantees generally include certain indemnifications to its lessors for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company’s subsidiaries, indemnifications to the Company’s customers for certain infringement of third-party intellectual property rights by its products and services, indemnifications for its officers and directors, and the Company’s warranty obligations under sales of its products. Foreign Currency Translation: The Company’s non-U.S. subsidiaries that operate in a local currency environment, where that local currency is the functional currency, primarily generate and expend cash in their local currency. Accordingly, all balance sheet accounts of these local functional currency subsidiaries are translated into U.S. dollars at the fiscal period-end exchange rate, and income and expense accounts are translated into U.S. dollars using average rates in effect for the period, except for costs related to those balance sheet items that are translated using historical exchange rates. The resulting translation adjustments are recorded as cumulative translation adjustments and are a component of accumulated other comprehensive income (loss). Remeasurement adjustments are recorded in other income (expense), net, where the U.S. dollar is the functional currency.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
Recent Accounting Pronouncements	Jun. 26, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted or Effective The Company did not adopt any new accounting standards during fiscal year 2022 that had a material impact on the Company’s Consolidated Financial Statements. Updates Not Yet Effective In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance,” which requires business entities to make annual disclosures, including the nature of transactions and the related accounting policy used to account for the transactions, significant terms and conditions, and line items affected, about transactions with a government (including government assistance) that are accounted for by analogizing to a grant or contribution accounting model. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2021, with early adoption permitted. The Company is required to adopt this standard in the first quarter of fiscal year 2023 for the annual reporting period ending June 25, 2023. The guidance may be applied either prospectively to all in-scope transactions at the date of initial application or retrospectively. The Company does not expect adoption of this standard to have a material impact on its Consolidated Financial Statements. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,” which clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair values; it also requires additional disclosures, including the nature and remaining duration of such restrictions. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2023, with early adoption permitted. The Company is required to adopt this standard prospectively in the first quarter of fiscal year 2025 for the annual reporting period ending June 29, 2025. The Company does not expect adoption of this standard to have a material impact on its Consolidated Financial Statements.

Revenue

Revenue	12 Months Ended
Revenue	Jun. 26, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Deferred Revenue Revenue of $908.7 million included in deferred profit at June 27, 2021 was recognized during fiscal year 2022. The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 26, 2022 and when the Company expects to recognize the amounts as revenue: Less than 1 Year 1-3 Years More than 3 Years Total (in thousands) Deferred revenue $ 2,014,210 $ 160,266 (1) $ 23,623 (1) $ 2,198,099 (1) This amount is reported in Deferred profit on the Company's Consolidated Balance Sheets as the customers can demand the liability to be performed at any time. Disaggregation of Revenue The following table presents the Company’s revenue disaggregated between system and its customer-support related revenue: Year Ended June 26, June 27, June 28, (in thousands) Systems Revenue $ 11,322,271 $ 9,764,845 $ 6,625,130 Customer support-related revenue and other 5,904,768 4,861,305 3,419,606 $ 17,227,039 $ 14,626,150 $ 10,044,736 System revenue includes sales of new leading-edge equipment in deposition, etch and clean markets. Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from the Company’s Reliant product line. The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. Refer to Note 20 - Segment, Geographic Information, and Major Customers ; for additional information regarding the Company’s evaluation of reportable business segments and the disaggregation of revenue by the geographic regions in which the Company operates. Additionally, the Company serves three primary markets: memory, foundry, and logic/integrated device manufacturing. The following table presents the percentages of leading- and non-leading-edge equipment and upgrade revenue to each of the primary markets the Company serves: Year Ended June 26, June 27, June 28, Memory 60 % 61 % 58 % Foundry 26 % 32 % 31 % Logic/integrated device manufacturing 14 % 7 % 11 %

Equity-based Compensation Plan

Equity-based Compensation Plan	12 Months Ended
Equity-based Compensation Plan	Jun. 26, 2022
Share-Based Payment Arrangement [Abstract]
Equity-based Compensation Plan	Equity-based Compensation Plan The Company has stock plans that provide for grants of equity-based awards to eligible participants, including stock options and restricted stock units, of the Company’s Common Stock. An option is a right to purchase Common Stock at a set price. An RSU award is an agreement to issue a set number of shares of Common Stock at the time of vesting. The Company also has an employee stock purchase plan that allows employees to purchase its Common Stock at a discount through payroll deductions. The Lam Research Corporation 2015 Stock Incentive Plan (the “Plan”) was approved by the stockholders and provides for the grant of non-qualified equity-based awards to eligible employees, consultants, advisors, and non-employee directors of the Company and its subsidiaries. As of the date of stockholder approval 19,232,068 authorized shares were available for issuance under the Plan; as of June 26, 2022, 8,038,265 shares remain available for future issuance to satisfy stock option exercises and vesting of awards. The Company recognized the following equity-based compensation expense and benefits in the Consolidated Statements of Operations: Year Ended June 26, June 27, June 28, (in thousands) Equity-based compensation expense $ 259,064 $ 220,164 $ 189,197 Income tax benefit recognized related to equity-based compensation $ 37,466 $ 49,313 $ 36,135 Income tax benefit realized from the exercise and vesting of options and RSUs $ 72,564 $ 97,275 $ 67,060 The estimated fair value of the Company’s equity-based awards, less expected forfeitures, is amortized over the awards’ vesting terms on a straight-line basis. Restricted Stock Units During the fiscal years 2022, 2021, and 2020, the Company issued both service-based RSUs and market-based performance RSUs (“PRSUs”). Service-based RSUs typically vest over a period of 3 years or less. Market-based PRSUs generally vest three years from the grant date if certain performance criteria are achieved and require continued employment. Based upon the terms of such awards, the number of shares that can be earned over the performance periods is based on the Company’s Common Stock price performance compared to the market price performance of a designated benchmark index, ranging from 0% to 150% of target. The designated benchmark index was the Philadelphia Semiconductor Total Return Index (“XSOX”). The stock price performance or market price performance is measured using the closing price for the 50-trading days prior to the dates the performance period begins and ends. The target number of shares represented by the market-based PRSUs is increased by 2% of target for each 1% that Common Stock price performance exceeds the market price performance of the designated benchmark index. Market-based PRSUs utilize the XSOX, which index gives effect to the reinvestment of dividends paid on its constituent holdings, as the benchmark; and accordingly, the Company's Common Stock price performance was adjusted for the reinvestment of dividends on Common Stock on the ex-dividend date. The result of the vesting formula is rounded down to the nearest whole number. Total stockholder return is a measure of stock price appreciation in this performance period. The following table summarizes the Company’s combined service-based RSUs and market-based PRSUs: Number of Weighted-Average Outstanding, June 27, 2021 1,306 $ 345.70 Granted 606 518.45 Vested (747) 261.38 Forfeited or canceled (64) 404.08 Outstanding, June 26, 2022 1,101 $ 475.33 Of the 1.1 million shares outstanding at June 26, 2022, 904.0 thousand are service-based RSUs and 196.6 thousand are market-based PRSUs. The fair value of the Company’s service-based RSUs was calculated based on the fair market value of the Company’s stock at the date of grant, discounted for dividends. The fair value of the Company’s market-based PRSUs granted during fiscal years 2022, 2021, and 2020 was calculated using a Monte Carlo simulation model at the date of the grant, resulting in a weighted average grant-date fair value per share of $488.68, $640.69, and $320.69, respectively. The total fair value of service-based RSUs and market-based RSUs that vested during fiscal years 2022, 2021, and 2020 was $195.1 million, $177.4 million, and $166.9 million, respectively. As of June 26, 2022, the Company had $418.8 million of total unrecognized compensation expense which is expected to be recognized over a weighted-average remaining period of approximately 2.2 years. Stock Options The Company granted stock options with a 7-year maximum contractual term to a limited group of executive officers during fiscal years 2022, 2021, and 2020. Stock options typically vest over a period of three years or less. The Company had 207.0 thousand options outstanding at June 26, 2022 with a weighted-average exercise price of $269.50 per share, of which 143.8 thousand were exercisable with a weighted-average exercise price of $189.59 per share. As of June 26, 2022, the Company had $7.8 million of total unrecognized compensation expense related to unvested stock options granted and outstanding which is expected to be recognized over a weighted-average remaining period of 2.3 years. ESPP The Company has an employee stock purchase plan (the “ESPP”) which allows employees to designate a portion of their base compensation to be deducted and used to purchase the Company’s Common Stock at a purchase price per share of the lower of 85% of the fair market value of the Company’s Common Stock on the first or last day of the applicable purchase period. Typically, each offering period lasts 12 months and contains one interim purchase date.

Other Income (Expense), Net

Other Income (Expense), Net	12 Months Ended
Other Income (Expense), Net	Jun. 26, 2022
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income (Expense), Net The significant components of other income (expense), net, were as follows: Year Ended June 26, June 27, June 28, (in thousands) Interest income $ 15,209 $ 19,687 $ 85,433 Interest expense (184,759) (208,597) (177,440) (Losses) gains on deferred compensation plan related assets, net (38,053) 61,838 5,999 Foreign exchange (losses) gains, net (723) (6,962) (3,317) Other, net 19,618 22,815 (9,499) $ (188,708) $ (111,219) $ (98,824) Interest income in the year ended June 26, 2022, decreased compared to the year ended June 27, 2021, primarily as a result of lower cash balances. Interest income decreased in the year ended June 27, 2021, compared to the year ended June 28, 2020, as a result of lower yield. Interest expense in the year ended June 26, 2022, decreased compared to the year ended June 27, 2021, primarily due to the payoff of $800 million of senior notes in June 2021. The increase in interest expense in the year ended June 27, 2021, compared to the year ended June 28, 2020, primarily due to the full year impact of the issuance of the $2.0 billion senior notes in fiscal year 2020. The gains or losses on deferred compensation plan related assets, net in fiscal years 2022, 2021 and 2020 were driven by fluctuations in the fair market value of the underlying funds.

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jun. 26, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income before income taxes were as follows: Year Ended June 26, June 27, June 28, (in thousands) United States $ 87,933 $ 120,161 $ 44,739 Foreign 5,105,181 4,250,643 2,530,239 $ 5,193,114 $ 4,370,804 $ 2,574,978 Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows: Year Ended June 26, June 27, June 28, (in thousands) Federal: Current $ 620,344 $ 437,525 $ 216,513 Deferred (226,895) (139,531) (18,458) 393,449 297,994 198,055 State: Current 20,759 13,560 4,724 Deferred (19,096) (8,324) 6,524 1,663 5,236 11,248 Foreign: Current 204,163 162,738 119,766 Deferred (11,447) (3,622) (5,844) 192,716 159,116 113,922 Total provision for income taxes $ 587,828 $ 462,346 $ 323,225 Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effect of carryforwards. Significant components of the Company’s net deferred tax assets and liabilities were as follows: June 26, June 27, (in thousands) Deferred tax assets: Tax carryforwards $ 315,396 $ 281,022 Allowances and reserves 194,410 165,335 Equity-based compensation 8,845 7,322 Inventory valuation differences 52,323 28,877 Outside basis differences of foreign subsidiaries 421,056 193,734 Operating lease liabilities 50,294 37,562 Finance lease assets 35,754 35,600 Intangible assets 889 — Other 23,955 22,575 Gross deferred tax assets 1,102,922 772,027 Valuation allowance (308,724) (277,133) Net deferred tax assets 794,198 494,894 Deferred tax liabilities: Intangible assets — (3,113) Capital assets (114,644) (81,412) Amortization of goodwill (13,789) (13,161) Right-of-use assets (50,294) (37,562) Finance lease liabilities (52,379) (50,683) Other (2,395) (1,369) Gross deferred tax liabilities (233,501) (187,300) Net deferred tax assets $ 560,697 $ 307,594 The change in gross deferred tax assets, gross deferred tax liabilities, and valuation allowance between fiscal year 2022 and 2021 is primarily due to increases in gross deferred tax assets for outside basis differences of foreign subsidiaries and tax credits, and increases in gross deferred tax liabilities for capital assets. The Company previously made an accounting policy election to record deferred taxes related to Global Intangible Low-Taxed Income (“GILTI”). Realization of the Company’s net deferred tax assets is based upon the weighting of available evidence, including such factors as the recent earnings history and expected future taxable income. The Company believes it is more likely than not that such deferred tax assets will be realized with the exception of $308.7 million related to California deferred tax assets. At June 26, 2022, the Company continued to record a valuation allowance to offset the entire California deferred tax asset balance due to the single sales factor apportionment resulting in lower taxable income in California. At June 26, 2022, the Company had federal net operating loss carryforwards of $16.0 million. If not utilized, these losses will begin to expire in fiscal year 2023, and are subject to limitation on their utilization. At June 26, 2022, the Company had state net operating loss carryforwards of $144.7 million. If not utilized, these losses will begin to expire in fiscal year 2023 and are subject to limitation on their utilization. At June 26, 2022, the Company had state tax credit carryforwards of $467.5 million. Substantially all of these credits can be carried forward indefinitely. A reconciliation of income tax expense provided at the federal statutory rate (21% in fiscal years 2022, 2021, and 2020) to actual income tax expense is as follows: Year Ended June 26, June 27, June 28, (in thousands) Income tax expense computed at federal statutory rate $ 1,096,692 $ 917,869 $ 540,745 State income taxes, net of federal tax benefit (35,584) (33,478) (28,046) Foreign income taxed at different rates (407,989) (365,886) (146,023) Settlements and reductions in uncertain tax positions (51,227) (13,613) (12,854) Tax credits (96,440) (86,709) (88,762) State valuation allowance, net of federal tax benefit 43,502 39,477 30,923 Equity-based compensation (13,168) (45,764) (23,248) Other permanent differences and miscellaneous items 52,042 50,450 50,490 $ 587,828 $ 462,346 $ 323,225 Effective from fiscal year 2022, the Company has a 15-year tax incentive ruling in Malaysia for one of its foreign subsidiaries. The statutory tax rate in Malaysia is 24%. The tax incentive provides exemptions on foreign income earned and is contingent upon meeting certain conditions. The Company expects to apply for renewals upon expiration. The impact of the tax incentive decreased worldwide taxes by approximately $574.7 million for fiscal year 2022. The benefit of the tax incentive on diluted earnings per share was approximately $4.09 in fiscal year 2022. Earnings of the Company’s foreign subsidiaries included in consolidated retained earnings that are indefinitely reinvested in foreign operations aggregated to approximately $894.8 million at June 26, 2022. If these earnings were remitted to the United States, they would be subject to foreign withholding taxes of approximately $137.0 million at the current statutory rates. The potential tax expense associated with these foreign withholding taxes would be offset by $109.6 million of foreign tax credits that would be generated in the United States upon remittance. On August 16, 2022, the Inflation Reduction Act was signed into law. In general, the provisions of the IRA will be effective beginning with the Company’s fiscal year 2024, with certain exceptions. The IRA includes a new 15% corporate minimum tax. The Company is in the process of evaluating the potential impacts of the IRA. The impact on income taxes due to changes in legislation is required under the authoritative guidance of ASC 740, Income Taxes, to be recognized in the period in which the law is enacted. While the Company does not currently expect the IRA to have a material impact on our effective tax rate, our analysis is ongoing and incomplete, and it is possible that the IRA could have a material adverse effect on the Company’s tax liability. The Company will continue to monitor issuance of additional guidance. The Company’s gross uncertain tax positions were $617.4 million, $566.8 million, and $476.7 million as of June 26, 2022, June 27, 2021, and June 28, 2020, respectively. During fiscal year 2022, gross uncertain tax positions increased by $50.6 million. The amount of uncertain tax positions that, if recognized, would impact the effective tax rate was $539.6 million, $504.4 million, and $423.8 million, as of June 26, 2022, June 27, 2021, and June 28, 2020, respectively. The aggregate changes in the balance of gross uncertain tax positions were as follows: (in thousands) Balance as of June 30, 2019 $ 420,772 Settlements and effective settlements with tax authorities (1,836) Lapse of statute of limitations (8,026) Increases in balances related to tax positions taken during prior periods 3,206 Decreases in balances related to tax positions taken during prior periods (3,989) Increases in balances related to tax positions taken during current period 66,568 Balance as of June 28, 2020 476,695 Settlements and effective settlements with tax authorities (1,443) Lapse of statute of limitations (8,456) Increases in balances related to tax positions taken during prior periods 15,986 Decreases in balances related to tax positions taken during prior periods (2,746) Increases in balances related to tax positions taken during current period 86,735 Balance as of June 27, 2021 566,771 Settlements and effective settlements with tax authorities (14,440) Lapse of statute of limitations (8,021) Increases in balances related to tax positions taken during prior periods 6,468 Decreases in balances related to tax positions taken during prior periods (28,376) Increases in balances related to tax positions taken during current period 94,971 Balance as of June 26, 2022 $ 617,373 The Company recognizes interest expense and penalties related to the above uncertain tax positions within income tax expense. The Company had accrued $61.2 million, $54.6 million, and $40.2 million cumulatively for gross interest and penalties as of June 26, 2022, June 27, 2021, and June 28, 2020, respectively. The Company is subject to audits by state and foreign tax authorities. The Company is unable to make a reasonable estimate as to when cash settlements, if any, with the relevant taxing authorities will occur. The Company files U.S. federal, U.S. state, and foreign income tax returns. As of June 26, 2022, tax years 2004-2022 remain subject to examination in the jurisdictions where the Company operates. The Internal Revenue Service (“IRS”) is examining the Company’s U.S. federal income tax return for the fiscal year ended June 24, 2018. As of June 26, 2022, the IRS has proposed adjustments resulting in a tax liability increase of approximately $50.0 million. If the Company agrees to the proposed adjustments, cash settlements with respect to the increased liabilities will be made accordingly. The Company is in various stages of examinations in connection with all of its tax audits worldwide, and it is difficult to determine when these examinations will be settled. It is reasonably possible that over the next 12-month period the Company may experience an increase or decrease in its uncertain tax positions as a result of tax examinations or lapses of statutes of limitation. The change in uncertain tax positions may range up to $20.0 million.

Net Income per Share

Net Income per Share	12 Months Ended
Net Income per Share	Jun. 26, 2022
Earnings Per Share [Abstract]
Net Income per Share	Net Income per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, restricted stock units, and convertible notes. The following table reconciles the inputs to the basic and diluted computations for net income per share. Year Ended June 26, June 27, June 28, (in thousands, except per share data) Numerator: Net income $ 4,605,286 $ 3,908,458 $ 2,251,753 Denominator: Basic average shares outstanding 139,899 143,609 144,814 Effect of potential dilutive securities: Employee stock plans 729 1,168 1,236 Convertible notes — 543 3,040 Diluted average shares outstanding 140,628 145,320 149,090 Net income per share - basic $ 32.92 $ 27.22 $ 15.55 Net income per share - diluted $ 32.75 $ 26.90 $ 15.10

Financial Instruments

Financial Instruments	12 Months Ended
Financial Instruments	Jun. 26, 2022
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Fair Value The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions that market participants would use when pricing the asset or liability. A fair value hierarchy has been established that prioritizes the inputs to valuation techniques used to measure fair value. The level of an asset or liability in the hierarchy is based on the lowest level of input that is significant to the fair value measurement. Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: Level 1: Valuations based on quoted prices in active markets for identical assets or liabilities with sufficient volume and frequency of transactions. Level 2: Valuations based on observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are less active for identical assets or liabilities, or model-derived valuations techniques for which all significant inputs are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Valuations based on unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities and based on non-binding, broker-provided price quotes and may not have been corroborated by observable market data. The Company engages with pricing vendors to provide fair values for a majority of its Level 1 and Level 2 investments. The vendors provide either a quoted market price or use observable inputs without applying significant adjustments in their pricing. Significant observable inputs include interest rates and yield curves observable at commonly quoted intervals, volatility and credit risks. The fair value of derivative contracts is determined using observable market inputs such as the foreign currency rates, forward rate curves, currency volatility and interest rates and considers nonperformance risk of the Company and its counterparties. The Company’s primary financial instruments include its cash, cash equivalents, investments, restricted cash and investments, long-term investments, accounts receivable, accounts payable, long-term debt and leases, and foreign currency related derivative instruments. The estimated fair value of cash, time deposits, accounts receivable, and accounts payable approximates their carrying value due to the short period of time to their maturities. The estimated fair values of lease obligations approximate their carrying value as the majority of these obligations have interest rates that adjust to market rates on a periodic basis. Refer to Note 14 - Long Term Debt and Other Borrowings for additional information regarding the fair value of the Company’s senior notes. Investments Equity Investments measured at fair value on a non-recurring basis As of June 26, 2022 and June 27, 2021, equity investments of $125.2 million and $117.3 million, respectively, were recognized in other assets in the Consolidated Balance Sheets. Net gains resulting from the application of the measurement alternative to the Company’s equity investments were immaterial in the fiscal years ended 2022, 2021, and 2020. During the fiscal year 2022, one of the Company’s equity investees became publicly traded and the market value of that investee fluctuated throughout the fiscal year; the Company liquidated its position in this equity investee during the last quarter of the fiscal year ended June 26, 2022 and recognized an immaterial cumulative gain on disposition. Debt and Equity Investments measured at fair value on a recurring basis The following tables set forth the Company’s cash, cash equivalents, investments, restricted cash and investments, and other assets measured at fair value on a recurring basis as of June 26, 2022, and June 27, 2021: June 26, 2022 (Reported Within) Cost Unrealized Unrealized Fair Value Cash and Investments Restricted Other (in thousands) Level 1: Money market funds $ 712,076 $ — $ — $ 712,076 $ 712,076 $ — $ — $ — Mutual funds 84,851 12,027 (1,659) 95,219 — — — 95,219 Level 1 total 796,927 12,027 (1,659) 807,295 712,076 — — 95,219 Level 2: Corporate notes and bonds 137,859 — (2,128) 135,731 — 135,731 — — Level 2 Total 137,859 — (2,128) 135,731 — 135,731 — — Total subject to fair value hierarchy $ 934,786 $ 12,027 $ (3,787) $ 943,026 Cash 1,017,253 1,015,747 — 1,506 — Time deposits 2,044,206 1,794,178 — 250,028 — Total $ 4,004,485 $ 3,522,001 $ 135,731 $ 251,534 $ 95,219 June 27, 2021 (Reported Within) Cost Unrealized Unrealized Fair Value Cash and Investments Restricted Other (in thousands) Level 1: Money market funds $ 2,246,138 $ — $ — $ 2,246,138 $ 2,246,138 $ — $ — $ — U.S. Treasury and agencies 204,743 96 (47) 204,792 — 204,792 — — Mutual funds 80,694 15,510 (33) 96,171 — — — 96,171 Level 1 total 2,531,575 15,606 (80) 2,547,101 2,246,138 204,792 — 96,171 Level 2: Government-sponsored enterprises 3,498 7 — 3,505 — 3,505 — — Foreign government bonds 32,995 21 (4) 33,012 — 33,012 — — Corporate notes and bonds 1,043,308 2,247 (457) 1,045,098 — 1,045,098 — — Mortgage backed securities - residential 5,623 54 — 5,677 — 5,677 — — Mortgage backed securities - commercial 18,830 17 (59) 18,788 — 18,788 — — Level 2 Total 1,104,254 2,346 (520) 1,106,080 — 1,106,080 — — Total subject to fair value hierarchy $ 3,635,829 $ 17,952 $ (600) $ 3,653,181 Cash 875,738 873,278 — 2,460 — Time deposits 1,548,874 1,298,847 — 250,027 — Total $ 6,077,793 $ 4,418,263 $ 1,310,872 $ 252,487 $ 96,171 The Company accounts for its investment portfolio at fair value. Realized gains (losses) for investment sales are specifically identified. Management assesses the fair value of investments in debt securities that are not actively traded through consideration of interest rates and their impact on the present value of the cash flows to be received from the investments. The Company evaluates its investments with fair value less than amortized cost by first considering whether the Company has the intent to sell the security or whether it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis. In either such situation, the difference between fair value and amortized cost is recognized as a loss in the income statement. Where such sales are not likely to occur, the Company considers whether a portion of the loss is the result of a credit loss. To the extent such losses are the result of credit losses, those amounts are recognized in the income statement. All other differences between fair value and amortized cost are recognized in other comprehensive income. No such losses were recognized through the income statement during the twelve months ended June 26, 2022, and June 27, 2021. Gross realized gains/(losses) from sales of investments were insignificant in the fiscal years 2022, 2021, and 2020. The following is an analysis of the Company’s investments in unrealized loss positions.: June 26, 2022 Unrealized Losses Unrealized Losses Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Mutual funds $ 38,536 $ (1,447) $ 1,701 $ (212) $ 40,237 $ (1,659) Corporate notes and bonds 134,964 (2,128) — — 134,964 (2,128) $ 173,500 $ (3,575) $ 1,701 $ (212) $ 175,201 $ (3,787) The amortized cost and fair value of cash equivalents, investments, and restricted investments with contractual maturities as of June 26, 2022, are as follows: Cost Fair Value (in thousands) Due in one year or less $ 2,829,420 $ 2,828,556 Due after one year through five years 64,721 63,457 $ 2,894,141 $ 2,892,013 The Company has the ability, if necessary, to liquidate its investments in order to meet the Company’s liquidity needs in the next 12 months. Accordingly, those investments with contractual maturities greater than 12 months from the date of purchase nonetheless are classified as short-term on the accompanying Consolidated Balance Sheets. Derivative Instruments and Hedging The Company carries derivative financial instruments (“derivatives”) on its Consolidated Balance Sheets at their fair values. The Company enters into foreign currency forward contracts and foreign currency options with financial institutions with the primary objective of reducing volatility of earnings and cash flows related to foreign currency exchange rate fluctuations. In addition, the Company enters into interest rate swap arrangements to manage interest rate risk. The counterparties to these derivatives are large, global financial institutions that the Company believes are creditworthy, and therefore, it does not consider the risk of counterparty nonperformance to be material. Under the master netting agreements with the respective counterparties to the Company’s derivative contracts, subject to applicable requirements, the Company is allowed to net settle transactions of the same currency with a single net amount payable by one party to the other. However, the Company has elected to present the derivative assets and derivative liabilities on a gross basis on its balance sheet. As of June 26, 2022 and June 27, 2021, the potential effect of rights of offset associated with the above foreign exchange and interest rate contracts would be immaterial to the Consolidated Balance Sheets. Cash Flow Hedges The Company’s financial position is routinely subjected to market risk associated with foreign currency exchange rate fluctuations on non-U.S. dollar transactions or cash flows. The Company’s policy is to mitigate the foreign exchange risk arising from the fluctuations in the value of these non-U.S. dollar denominated transactions or cash flows through a foreign currency cash flow hedging program, using forward contracts and foreign currency options that generally expire within 12 months and no later than 24 months. These hedge contracts are designated as cash flow hedges and are carried on the Company’s balance sheet at fair value with the effective portion of the contracts’ gains or losses included in accumulated other comprehensive income (loss) and subsequently recognized in revenue/expense in the same period the hedged items affect earnings. In addition, the Company has entered into interest rate swap agreements to hedge against the variability of cash flows due to changes in certain benchmark interest rates on fixed rate debt. These instruments are designated as cash flow hedges at inception and are settled in conjunction with the issuance of debt. The effective portion of the contracts’ gains or losses is included in accumulated other comprehensive income (loss) and is amortized into income as the hedged item affects earnings. During the year ended June 28, 2020, the company recognized a net loss of $31.5 million of accumulated other comprehensive income, net of tax, related to interest rate swap agreements. No such activity occurred during the years ended June 26, 2022 or June 27, 2021. At inception and at each quarter-end, hedges are tested prospectively and retrospectively for effectiveness using regression analysis. Changes in the fair value of foreign exchange contracts due to changes in time value are included in the assessment of effectiveness. To qualify for hedge accounting, the hedge relationship must meet criteria relating to both the derivative instrument and the hedged item. These criteria include identification of the hedging instrument, the hedged item, the nature of the risk being hedged, and how the hedging instrument’s effectiveness in offsetting the exposure to changes in the hedged item’s fair value or cash flows will be measured. To receive hedge accounting treatment, all hedging relationships are formally documented at the inception of the hedge, and the hedges must be tested to demonstrate an expectation of providing highly effective offsetting changes to future cash flows on hedged transactions. When derivative instruments are designated and qualify as effective cash flow hedges, the Company recognizes effective changes in the fair value of the hedging instrument within accumulated other comprehensive income (loss) until the hedged exposure is realized. Consequently, the Company’s results of operations are not subject to fluctuation as a result of changes in the fair value of the derivative instruments. If hedges are not highly effective or if the Company does not believe that the underlying hedged forecasted transactions will occur, the Company may not be able to account for its derivative instruments as cash flow hedges. If this were to occur, future changes in the fair values of the Company’s derivative instruments would be recognized in earnings. Additionally, related amounts previously recorded in other comprehensive income would be reclassified to earnings immediately. There were no material gains or losses during the fiscal years ended June 26, 2022, June 27, 2021, or June 28, 2020 associated with forecasted transactions that did not occur, nor any ineffectiveness recognized in the same periods. As of June 26, 2022, the fair value of outstanding cash flow hedges was not material. Additionally, as of June 26, 2022, the Company had an immaterial net gain or loss accumulated in other comprehensive income, net of tax, related to foreign exchange cash flow hedges and interest rate contracts which it expects to reclassify from other comprehensive income into earnings over the next 12 months. The following table provides the total notional value of cash flow hedge instruments outstanding as of June 26, 2022: June 26, 2022 (In thousands) Buy Contracts $ 306,211 Sell Contracts 541,999 The effect of derivative instruments designated as cash flow hedges on the Company’s Consolidated Statements of Operations, including accumulated other comprehensive income (“AOCI”), was as follows: Year Ended June 26, 2022 Year Ended June 27, 2021 Location of Gain Gain (Loss) Gain (Loss) Gain (Loss) Reclassified Derivatives in Cash Flow Hedging Relationships (in thousands) Foreign exchange contracts Revenue $ 57,058 $ 45,057 $ 17,614 $ 868 Foreign exchange contracts Cost of goods sold (23,414) (11,410) 3,756 3,659 Foreign exchange contracts R&D (1,948) (10) 898 — Foreign exchange contracts SG&A (6,914) (2,434) 4,190 3,623 Interest rate contracts Other income (expense), net — (4,238) — (3,855) $ 24,782 $ 26,965 $ 26,458 $ 4,295 Balance Sheet Hedges The Company also enters into foreign currency forward contracts to hedge fluctuations associated with foreign currency denominated monetary assets and liabilities, primarily cash, third-party accounts receivable, accounts payable, and intercompany receivables and payables. These forward contracts are not designated for hedge accounting treatment. Therefore, the change in the carrying value of these derivatives is recorded as a component of other income (expense),net and offsets the change in fair value of the foreign currency denominated assets and liabilities related to remeasurement, which are also recorded in other income (expense), net. As of June 26, 2022 and June 27, 2021, the fair value of outstanding balance sheet hedges was not material. The following table provides the total notional value of balance sheet hedge instruments outstanding as of June 26, 2022: June 26, 2022 (In thousands) Buy Contracts $ 184,310 Sell Contracts 326,776 The effect of the Company’s balance sheet hedge derivative instruments on the Company’s Consolidated Statements of Operations was as follows: Year Ended June 26, 2022 June 27, 2021 Derivatives Not Designated as Hedging Instruments: Location of Gain Gain Gain (in thousands) Foreign exchange contracts Other income (expense), net $ 14,362 $ 7,057 Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, investments, restricted cash and investments, trade accounts receivable, and derivative financial instruments used in hedging activities. Cash is placed on deposit at large, global financial institutions. Such deposits may be in excess of insured limits. Management believes that the financial institutions that hold the Company’s cash are creditworthy and, accordingly, minimal credit risk exists with respect to these balances. The Company’s overall portfolio of available-for-sale securities must maintain an average minimum rating of “AA-” or “Aa3” as rated by Standard and Poor’s, Fitch Ratings, or Moody’s Investor Services. To ensure diversification and minimize concentration, the Company’s policy limits the amount of credit exposure with any one financial institution or commercial issuer. The Company is exposed to credit losses in the event of nonperformance by counterparties on foreign currency and interest rate hedge contracts that are used to mitigate the effect of exchange rate and interest rate fluctuations and on contracts related to structured share repurchase arrangements. These counterparties are large, global financial institutions and, to date, no such counterparty has failed to meet its financial obligations to the Company. Credit risk evaluations, including trade references, bank references, and Dun & Bradstreet ratings, are performed on all new customers, and the Company monitors its customers’ financial condition and payment performance. In general, the Company does not require collateral on sales. As of June 26, 2022, two customers accounted for approximately 20% and 14% of accounts receivable, respectively. As of June 27, 2021, two customers accounted for approximately 23%, and 13% of accounts receivable, respectively. No other customers accounted for more than 10% of accounts receivable, respectively. The Company’s balance and transactional activity for its allowance for doubtful accounts is not material as of and for the twelve months ended June 26, 2022, June 27, 2021, and June 28, 2020. Refer to Note 20 - Segment, Geographic Information, and Major Customers for additional information regarding customer concentrations.

Inventories

Inventories	12 Months Ended
Inventories	Jun. 26, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. System shipments to customers in Japan, for which title does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until title transfers. Inventories consist of the following: June 26, June 27, (in thousands) Raw materials $ 2,401,490 $ 1,519,456 Work-in-process 471,348 391,686 Finished goods 1,093,456 778,152 $ 3,966,294 $ 2,689,294

Property and Equipment

Property and Equipment	12 Months Ended
Property and Equipment	Jun. 26, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net, is presented in the table below. June 26, June 27, (in thousands) Manufacturing and engineering equipment $ 1,588,805 $ 1,328,399 Buildings and improvements 1,124,381 840,661 Computer and computer-related equipment 177,198 181,781 Office equipment, furniture and fixtures 70,642 95,259 Land 84,733 84,681 3,045,759 2,530,781 Less: accumulated depreciation and amortization (1,440,325) (1,271,356) $ 1,605,434 $ 1,259,425 The Company has excluded $42.2 million, and $44.1 million of finance right-of-use assets recorded within property and equipment, net from the table above for the years ended June 26, 2022 and June 27, 2021, respectively. See Note 15 - Leases for additional information regarding these finance lease right-of-use assets.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
Goodwill and Intangible Assets	Jun. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill The balance of goodwill was $1.5 billion as of June 26, 2022 and June 27, 2021. As of June 26, 2022 and June 27, 2021, $62.0 million and $61.1 million, respectively, of the goodwill balance is tax deductible, and the remaining balance is not tax deductible due to purchase accounting and applicable foreign law. No goodwill impairments were recognized in fiscal years 2022, 2021, or 2020. Intangible Assets The following table provides details of the Company’s intangible assets, other than goodwill: June 26, 2022 June 27, 2021 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 633,252 $ (627,376) $ 5,876 $ 630,303 $ (581,406) $ 48,897 Existing technology 676,924 (664,278) 12,646 669,359 (659,898) 9,461 Patents and other intangible assets 167,821 (84,493) 83,328 132,774 (58,767) 74,007 Total intangible assets $ 1,477,997 $ (1,376,147) $ 101,850 $ 1,432,436 $ (1,300,071) $ 132,365 The Company recognized $78.0 million, $70.6 million, and $66.2 million in intangible asset amortization expense during fiscal years 2022, 2021, and 2020, respectively. No intangible asset impairments were recognized in fiscal years 2022, 2021, or 2020. The estimated future amortization expense of intangible assets as of June 26, 2022, is reflected in the table below. The table excludes $17.8 million of capitalized costs for intangible assets that have not yet been placed into service. Fiscal Year Amount (in thousands) 2023 $ 36,726 2024 22,983 2025 12,882 2026 5,707 2027 3,343 Thereafter 2,402 $ 84,043

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
Accrued Expenses and Other Current Liabilities	Jun. 26, 2022
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consist of the following: June 26, June 27, (in thousands) Accrued compensation $ 481,070 $ 552,925 Warranty reserves 232,248 176,030 Income and other taxes payable 465,601 348,206 Dividend payable 205,615 185,431 Other 589,738 456,891 $ 1,974,272 $ 1,719,483

Long Term Debt and Other Borrow

Long Term Debt and Other Borrowings	12 Months Ended
Long Term Debt and Other Borrowings	Jun. 26, 2022
Debt Disclosure [Abstract]
Long Term Debt and Other Borrowings	Long Term Debt and Other Borrowings As of June 26, 2022, and June 27, 2021, the Company’s outstanding debt consisted of the following: June 26, 2022 June 27, 2021 Amount Effective Interest Rate Amount 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 Note 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 Note Due June 15, 2050 ("2050 Notes") 750,000 2.93 % 750,000 2.93 % Fixed-rate 3.125% Senior Note Due June 15, 2060 ("2060 Notes") 500,000 3.18 % 500,000 3.18 % Total debt outstanding, at par 5,000,000 5,000,000 Unamortized discount (35,549) (38,243) Fair value adjustment - interest rate contracts 4,835 (1) 6,621 (1) Unamortized bond issuance costs (6,827) (7,443) Total debt outstanding, at carrying value $ 4,962,459 $ 4,960,935 Reported as: Long-term debt $ 4,962,459 $ 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. The Company’s contractual cash obligations relating to its outstanding debt as of June 26, 2022, were as follows: Payments Due by Fiscal Year: Principal Interest (in thousands) 2023 $ — $ 175,125 2024 — 175,125 2025 500,000 175,125 2026 750,000 161,222 2027 — 128,000 Thereafter 3,750,000 1,914,214 Total $ 5,000,000 $ 2,728,811 Senior Notes On May 5, 2020, the Company completed a public offering of $750 million aggregate principal amount of the Company’s Senior Notes due June 15, 2030 (the “2030 Notes”), $750 million aggregate principal amount of the Company’s Senior Notes due June 15, 2050 (the “2050 Notes”), and $500 million aggregate principal amount of the Company’s Senior Notes due June 15, 2060 (the “2060 Notes”). The Company pays interest at an annual rate of 1.90%, 2.875%, and 3.125%, on the 2030, 2050, and 2060 Notes, respectively, on a semi-annual basis on June 15 and December 15 of each year. On March 4, 2019, the Company completed a public offering of $750 million aggregate principal amount of the Company’s Senior Notes due March 15, 2026 (the “2026 Notes”), $1.0 billion aggregate principal amount of the Company’s Senior Notes due March 15, 2029 (the “2029 Notes”), and $750 million aggregate principal amount of the Company’s Senior Notes due March 15, 2049 (the “2049 Notes”). The Company pays interest at an annual rate of 3.75%, 4.00%, and 4.875%, on the 2026, 2029, and 2049 Notes, respectively, on a semi-annual basis on March 15 and September 15 of each year. On March 12, 2015, the Company completed a public offering of $500 million aggregate principal amount of the Company’s Senior Notes due March 15, 2025 (the “2025 Notes”). The Company pays interest at an annual rate of 3.80% on the 2025 Notes on a semi-annual basis on March 15 and September 15 of each year. The Company may redeem the 2025, 2026, 2029, 2030, 2049, 2050, and 2060 Notes (collectively the “Senior Notes”) at a redemption price equal to 100% of the principal amount of such series (“par”), plus a “make whole” premium as described in the indenture in respect to the Senior Notes and accrued and unpaid interest before December 15, 2024 for the 2025 Notes, before January 15, 2026 for the 2026 Notes, before December 15, 2028 for the 2029 Notes, before March 15, 2030 for the 2030 Notes, before September 15, 2048 for the 2049 Notes, before December 15, 2049 for the 2050 Notes, and before December 15, 2059 for the 2060 Notes. The Company may redeem the Senior Notes at par, plus accrued and unpaid interest at any time on or after December 24, 2024 for the 2025 Notes, on or after January 15, 2026 for the 2026 Notes, on or after December 15, 2028 for the 2029 Notes, on or after March 15, 2030 for the 2030 Notes, on or after September 15, 2048 for the 2049 Notes, on or after December 15, 2049 for the 2050 Notes, and on or after December 15, 2059 for the 2060 Notes. In addition, upon the occurrence of certain events, as described in the indenture, the Company will be required to make an offer to repurchase the Senior Notes at a price equal to 101% of the principal amount of the respective note, plus accrued and unpaid interest. Selected additional information regarding the Senior Notes outstanding as of June 26, 2022, is as follows: Remaining Amortization period Fair Value of Notes (Level 2) (years) (in thousands) 2025 Notes 2.7 $ 498,500 2026 Notes 3.7 $ 745,103 2029 Notes 6.7 $ 980,970 2030 Notes 8.0 $ 632,693 2049 Notes 26.7 $ 764,078 2050 Notes 28.0 $ 546,735 2060 Notes 38.0 $ 360,625 Revolving Credit Facility On March 12, 2014, the Company established an unsecured Credit Agreement. This agreement was amended on November 10, 2015 (the “Amended and Restated Credit Agreement”), October 13, 2017 (the “2nd Amendment”), February 25, 2019 (the “3rd Amendment”), and June 17, 2021 (the “Second Amended and Restated Credit Agreement”). The Second Amended and Restated Credit Agreement provides for a $1.50 billion revolving credit facility with a syndicate of lenders, along with an expansion option that will allow the Company, subject to certain requirements, to request an increase in the facility of up to an additional $600.0 million, for a potential total commitment of $2.10 billion. The facility matures on June 17, 2026. Interest on amounts borrowed under the credit facility is, at the Company’s option, based on (1) a base rate, defined as the greatest of (a) prime rate, (b) Federal Funds rate plus 0.5%, or (c) one-month London Interbank Offered Rate (“LIBOR”) plus 1.0%, plus a spread of 0.00% to 0.30%, or (2) LIBOR multiplied by the statutory rate, plus a spread of 0.805% to 1.30%, in each case plus a facility fee, with such spread and facility fee determined based on the rating of the Company’s non-credit enhanced, senior unsecured long-term debt. Such spreads and such facility fees are further subject to sustainability adjustments as described in the Second Amended and Restated Credit Agreement, in each case based on the Company’s performance of certain energy savings and health and safety standards metrics. Principal and any accrued and unpaid interest is due and payable upon maturity. Additionally, the Company will pay the lenders a quarterly commitment fee that varies based on the Company’s credit rating. The Second Amended and Restated Credit Agreement incorporates provisions for the replacement of LIBOR or other reference rates with alternative reference rates under certain circumstances, including when, or if, such reference rates cease to be available. The Second Amended and Restated Credit Agreement contains affirmative covenants, negative covenants, financial covenants, and events of default. As of June 26, 2022, the Company had no borrowings outstanding under the credit facility and was in compliance with all financial covenants. Commercial Paper Program On November 13, 2017, the Company established a commercial paper program (the “CP Program”) under which the Company may issue unsecured commercial paper notes on a private placement basis up to a maximum aggregate principal amount of $1.25 billion. In July 2021, the Company amended the CP Program size to a maximum aggregate amount outstanding at any time of $1.50 billion. The net proceeds from the CP Program will be used for general corporate purposes, including repurchases of the Company’s Common Stock from time to time under the Company’s stock repurchase program. Amounts available under the CP Program may be re-borrowed. The CP Program is backstopped by the Company’s Revolving Credit Arrangement. As of June 26, 2022, the Company had no outstanding borrowings under the CP Program. Interest Cost 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 fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020. Year Ended June 26, June 27, June 28, (in thousands) Contractual interest coupon $ 175,128 $ 197,367 $ 169,483 Amortization of interest discount 2,767 3,934 4,280 Amortization of issuance costs 1,351 1,639 1,632 Effect of interest rate contracts, net 2,455 2,070 1,037 Total interest cost recognized $ 181,701 $ 205,010 $ 176,432

Leases

Leases	12 Months Ended
Leases	Jun. 26, 2022
Leases [Abstract]
Leases	Leases The Company leases certain office spaces, manufacturing and warehouse spaces, equipment, and vehicles. While the majority of the Company’s lease arrangements are operating leases, the Company has certain leases that qualify as finance leases. The components of lease expense were as follows for the years ended June 26, 2022, June 27, 2021, and June 28, 2020: Year Ended June 26, June 27, June 28, (in thousands) Financing lease cost: Amortization of right-of-use assets $ 7,439 $ 7,131 $ 3,613 Interest on lease liabilities 658 697 506 Total finance lease cost $ 8,097 $ 7,828 $ 4,119 Operating lease cost $ 69,250 $ 51,519 $ 46,101 Variable lease cost 259,041 219,040 91,851 Variable lease payments are expensed as incurred and are not included within the right of use asset and lease liability calculation. Variable lease payments primarily include costs associated with the Company’s third-party logistics arrangements that contain one or more embedded leases. Variable lease costs will fluctuate based on factory output and material receipt volumes. Short-term rental expense, for agreements less than one year in duration, were immaterial for the twelve months ended June 26, 2022, June 27, 2021, and June 28, 2020, respectively. Supplemental cash flow information related to leases was as follows as of June 26, 2022, June 27, 2021, and June 28, 2020: Year Ended June 26, June 27, June 28, (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows paid for operating leases $ 64,808 $ 63,895 $ 50,223 Financing cash flows paid for principal portion of finance leases 11,513 5,952 3,539 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 121,580 $ 48,993 $ 108,816 Finance leases 13,868 29,497 3,019 Supplemental balance sheet information related to leases were as follows as of June 26, 2022 and June 27, 2021: June 26, June 27, (in thousands) Operating leases Other assets $ 226,648 $ 173,784 Accrued expenses and other current liabilities $ 54,110 $ 45,310 Other long-term liabilities 164,613 118,385 Total operating lease liabilities $ 218,723 $ 163,695 Finance Leases Property and Equipment, net $ 42,153 $ 44,054 Current portion of long-term debt and lease liabilities $ 7,381 $ 11,349 Long-term debt and lease liabilities, less current portion 35,990 29,398 Total finance lease liabilities $ 43,371 $ 40,747 June 26, 2022 June 27, 2021 Weighted-Average Remaining Lease Term Weighted-Average Discount Rate Weighted-Average Remaining Lease Term Weighted-Average Discount Rate (in years) (in years) Operating leases 5.4 3.05 % 5.5 2.30 % Finance leases 6.4 2.01 % 5.3 1.69 % As of June 26, 2022, the maturities of lease liabilities are as follows: Operating Leases Finance Leases (in thousands) 2023 $ 58,785 $ 8,094 2024 46,383 7,861 2025 34,910 7,124 2026 28,305 7,165 2027 21,643 6,790 Thereafter 50,754 9,657 Total lease payments $ 240,780 $ 46,691 Less imputed interest (22,057) (3,320) Total $ 218,723 $ 43,371 Selected Leases and Related Guarantees The Company leases the majority of its administrative, research and development and manufacturing facilities, regional sales/service offices, and certain equipment under non-cancelable leases. Certain of the Company’s facility leases for buildings located at its Fremont, California headquarters; Tualatin, Oregon campus; and certain other facility leases provide the Company with options to extend the leases for additional periods or to purchase the facilities. Certain of the Company’s facility leases provide for periodic rent increases based on the general rate of inflation. The Company has finance leases for certain improved properties in Fremont and Livermore, California (the “California Facility Leases”). The Company is required to maintain cash collateral in an aggregate of approximately $250 million in separate interest-bearing accounts as security for the Company’s obligations. These amounts are recorded with other restricted cash and investments in the Company’s Consolidated Balance Sheet as of June 26, 2022 and June 27, 2021.
Leases	Leases The Company leases certain office spaces, manufacturing and warehouse spaces, equipment, and vehicles. While the majority of the Company’s lease arrangements are operating leases, the Company has certain leases that qualify as finance leases. The components of lease expense were as follows for the years ended June 26, 2022, June 27, 2021, and June 28, 2020: Year Ended June 26, June 27, June 28, (in thousands) Financing lease cost: Amortization of right-of-use assets $ 7,439 $ 7,131 $ 3,613 Interest on lease liabilities 658 697 506 Total finance lease cost $ 8,097 $ 7,828 $ 4,119 Operating lease cost $ 69,250 $ 51,519 $ 46,101 Variable lease cost 259,041 219,040 91,851 Variable lease payments are expensed as incurred and are not included within the right of use asset and lease liability calculation. Variable lease payments primarily include costs associated with the Company’s third-party logistics arrangements that contain one or more embedded leases. Variable lease costs will fluctuate based on factory output and material receipt volumes. Short-term rental expense, for agreements less than one year in duration, were immaterial for the twelve months ended June 26, 2022, June 27, 2021, and June 28, 2020, respectively. Supplemental cash flow information related to leases was as follows as of June 26, 2022, June 27, 2021, and June 28, 2020: Year Ended June 26, June 27, June 28, (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows paid for operating leases $ 64,808 $ 63,895 $ 50,223 Financing cash flows paid for principal portion of finance leases 11,513 5,952 3,539 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 121,580 $ 48,993 $ 108,816 Finance leases 13,868 29,497 3,019 Supplemental balance sheet information related to leases were as follows as of June 26, 2022 and June 27, 2021: June 26, June 27, (in thousands) Operating leases Other assets $ 226,648 $ 173,784 Accrued expenses and other current liabilities $ 54,110 $ 45,310 Other long-term liabilities 164,613 118,385 Total operating lease liabilities $ 218,723 $ 163,695 Finance Leases Property and Equipment, net $ 42,153 $ 44,054 Current portion of long-term debt and lease liabilities $ 7,381 $ 11,349 Long-term debt and lease liabilities, less current portion 35,990 29,398 Total finance lease liabilities $ 43,371 $ 40,747 June 26, 2022 June 27, 2021 Weighted-Average Remaining Lease Term Weighted-Average Discount Rate Weighted-Average Remaining Lease Term Weighted-Average Discount Rate (in years) (in years) Operating leases 5.4 3.05 % 5.5 2.30 % Finance leases 6.4 2.01 % 5.3 1.69 % As of June 26, 2022, the maturities of lease liabilities are as follows: Operating Leases Finance Leases (in thousands) 2023 $ 58,785 $ 8,094 2024 46,383 7,861 2025 34,910 7,124 2026 28,305 7,165 2027 21,643 6,790 Thereafter 50,754 9,657 Total lease payments $ 240,780 $ 46,691 Less imputed interest (22,057) (3,320) Total $ 218,723 $ 43,371 Selected Leases and Related Guarantees The Company leases the majority of its administrative, research and development and manufacturing facilities, regional sales/service offices, and certain equipment under non-cancelable leases. Certain of the Company’s facility leases for buildings located at its Fremont, California headquarters; Tualatin, Oregon campus; and certain other facility leases provide the Company with options to extend the leases for additional periods or to purchase the facilities. Certain of the Company’s facility leases provide for periodic rent increases based on the general rate of inflation. The Company has finance leases for certain improved properties in Fremont and Livermore, California (the “California Facility Leases”). The Company is required to maintain cash collateral in an aggregate of approximately $250 million in separate interest-bearing accounts as security for the Company’s obligations. These amounts are recorded with other restricted cash and investments in the Company’s Consolidated Balance Sheet as of June 26, 2022 and June 27, 2021.

Retirement and Deferred Compens

Retirement and Deferred Compensation Plans	12 Months Ended
Retirement and Deferred Compensation Plans	Jun. 26, 2022
Retirement Benefits [Abstract]
Retirement and Deferred Compensation Plans	Retirement and Deferred Compensation Plans Employee Savings and Retirement Plan The Company maintains a 401(k) retirement savings plan for its eligible employees in the United States. Each participant in the plan may elect to contribute from 1% to 75% of annual eligible earnings to the plan, subject to statutory limitations. The Company makes matching employee contributions in cash to the plan at the rate of 50% of the first 6% of earnings contributed. Employees participating in the 401(k) retirement savings plan are fully vested in the Company matching contributions, and investments are directed by participants. The Company made matching contributions of $32.6 million, $26.9 million, and $23.6 million, in fiscal years 2022, 2021, and 2020, respectively. Deferred Compensation Arrangements The Company has an unfunded, non-qualified deferred compensation plan whereby executives may defer a portion of their compensation. Participants earn a return on their deferred compensation based on their allocation of their account balance among various mutual funds. The Company controls the investment of these funds, and the participants remain general creditors of the Company. Participants are able to elect the payment of benefits on a specified date at least three years after the opening of a deferral sub-account or upon retirement. Distributions are made in the form of lump sum or annual installments over a period of up to 20 years as elected by the participant. If no alternate election has been made, a lump sum payment will be made upon termination of a participant’s employment with the Company. As of June 26, 2022, and June 27, 2021, the liability of the Company to the plan participants was $280.0 million and $297.3 million, respectively, which was recorded in accrued expenses and other current liabilities and other long-term liabilities on the Consolidated Balance Sheets. As of June 26, 2022, and June 27, 2021, the Company had investments in the aggregate amount of $291.3 million and $313.9 million, respectively, which correlate to the deferred compensation obligations, which were recorded in other assets on the Consolidated Balance Sheets. Post-Retirement Healthcare Plan The Company maintains a post-retirement healthcare plan for certain executive and director retirees. Coverage continues through the duration of the lifetime of the retiree or the retiree’s spouse, whichever is longer. The benefit obligation was $31.2 million and $40.1 million as of June 26, 2022, and June 27, 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jun. 26, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company has certain obligations to make future payments under various contracts; some of these are recorded on its balance sheet and some are not. Obligations that are recorded on the Company’s balance sheet include the Company’s operating and finance lease obligations. Obligations that are not recorded on the Company’s balance sheet include contractual relationships for purchase obligations and certain guarantees. The Company’s commitments relating to off-balance sheet agreements are included in the tables below. These amounts exclude $561.2 million of liabilities related to uncertain tax positions (see Note 7 - Income Taxes for further discussion) as of the end of the fiscal year because the Company is unable to reasonably estimate the ultimate amount or time of settlement. Other Guarantees The Company has issued certain indemnifications to its lessors for taxes and general liability under some of its agreements. The Company has entered into insurance contracts that are intended to limit its exposure to such indemnifications. As of June 26, 2022, the Company had not recorded any liability on its Consolidated Financial Statements in connection with these indemnifications, as it does not believe that it is probable that any material amounts will be paid under these guarantees. Generally, the Company indemnifies, under pre-determined conditions and limitations, its customers for infringement of third-party intellectual property rights by the Company’s products or services. The Company seeks to limit its liability for such indemnity to an amount not to exceed the sales price of the products or services subject to its indemnification obligations. The Company does not believe that it is probable that any material amounts will be paid under these guarantees. The Company provides guarantees and standby letters of credit to certain parties as required for certain transactions initiated during the ordinary course of business. As of June 26, 2022, the maximum potential amount of future payments that the Company could be required to make under these arrangements and letters of credit was $95.1 million. The Company does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be required to be paid. In addition, the Company has entered into indemnification agreements with its directors, officers and certain other employees, consistent with its Bylaws and Certificate of Incorporation; and under local law, the Company may be required to provide indemnification to its employees for actions within the scope of their employment. Although the Company maintains insurance contracts that cover some of the potential liability associated with these indemnification agreements, there is no guarantee that all such liabilities will be covered. The Company does not believe, based on historical experience and information currently available, that it is probable that any material amounts will be required to be paid under such indemnification agreements or statutory obligations. Purchase Obligations Purchase obligations consist of non-cancelable significant contractual obligations either on an annual basis or over multi-year periods. The contractual cash obligations and commitments table presented below contains the Company’s minimum obligations at June 26, 2022, under these arrangements and others. For obligations with cancellation provisions, the amounts included in the following table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fee. Actual expenditures will vary based on the volume of transactions and length of contractual service provided. The Company’s commitments related to these agreements as of June 26, 2022, were as follows: Payments Due by Fiscal Year: Purchase (in thousands) 2023 $ 1,121,362 2024 43,330 2025 43,330 2026 4,319 2027 4,319 Thereafter 1,293 Total $ 1,217,953 Transition Tax Liability On December 22, 2017, the “Tax Cuts & Jobs Act” was signed into law, among other items, this U.S. tax reform assessed a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred. As a result the Company recognized a total transition tax of $868.4 million and elected to pay the one-time tax over a period of 8 years, commencing in the twelve months ended June 30, 2019. The Company’s remaining obligation related to this arrangement as of June 26, 2022, were as follows: Payments Due by Fiscal Year (1) : Transition Tax (in thousands) 2023 $ 69,469 2024 130,254 2025 173,672 2026 217,090 Total $ 590,485 (1) The Company may choose to apply existing tax credits, thereby reducing the actual cash payment. Warranties The Company provides standard warranties on its systems. The liability amount is based on actual historical warranty spending activity by type of system, customer, and geographic region, modified for any known differences such as the impact of system reliability improvements. As of June 26, 2022, warranty reserves totaling $24.0 million were recognized in other long-term liabilities, the remainder were included in accrued expenses and other current liabilities in the Company’s Consolidated Balance Sheets. Changes in the Company’s product warranty reserves were as follows: Year Ended June 26, June 27, (in thousands) Balance at beginning of period $ 191,758 $ 129,197 Warranties issued during the period 295,167 229,026 Settlements made during the period (272,954) (172,759) Changes in liability for warranties issued during the period 14,951 — Changes in liability for pre-existing warranties 27,336 6,294 Balance at end of period $ 256,258 $ 191,758 Legal Proceedings While the Company is not currently a party to any legal proceedings that it believes material, the Company is either a defendant or plaintiff in various actions that have arisen from time to time in the normal course of business, including intellectual property claims. The Company accrues for a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. Significant judgment is required in both the determination of probability and the determination as to whether a loss is reasonably estimable. Based on current information, the Company does not believe that a material loss from known matters is probable and therefore has not recorded an accrual of any material amount for litigation or other contingencies related to existing legal proceedings.

Stock Repurchase Program

Stock Repurchase Program	12 Months Ended
Stock Repurchase Program	Jun. 26, 2022
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program In May 2022, the Board of Directors authorized the Company to repurchase up to an additional $5.0 billion of Common Stock; this authorization supplements the remaining balances from any prior authorizations. These repurchases can be conducted on the open market or as private purchases and may include the use of derivative contracts with large financial institutions, in all cases subject to compliance with applicable law. This repurchase program has no termination date and may be suspended or discontinued at any time. Repurchases under the repurchase program were as follows during the periods indicated: Period Total Number Total Average (1) Amount Available (in thousands, except per share data) Available balance as of June 27, 2021 $ 4,222,220 Quarter ended September 26, 2021 1,725 $ 1,209,744 $ 608.98 $ 3,012,476 Quarter ended December 26, 2021 677 $ 429,983 $ 634.74 $ 2,582,493 Quarter ended March 27, 2022 2,007 $ 1,200,206 $ 609.61 $ 1,382,287 Board authorization, $5 billion increase, May 2022 $ 6,382,287 Quarter ended June 26, 2022 1,912 (2) $ 867,651 $ 485.31 $ 5,514,636 (1) Average price paid per share excludes the effect of accelerated share repurchases. See additional disclosure below regarding the Company’s accelerated share repurchase activity during the fiscal year. (2) Includes shares received at final settlement of accelerated share repurchase agreements; see additional disclosures below regarding the Company’s accelerated share repurchase activity during the fiscal year. In addition to the shares repurchased under the Board-authorized repurchase program shown above, the Company acquired 253 thousand shares at a total cost of $138.1 million during the 12 months ended June 26, 2022, which the Company withheld through net settlements to cover minimum tax withholding obligations upon the vesting of restricted stock unit awards granted under the Company’s equity compensation plans. The shares retained by the Company through these net share settlements are not a part of the Board-authorized repurchase program but instead are authorized under the Company’s equity compensation plan. Accelerated Share Repurchase Agreements On June 2, 2022, the Company entered into an accelerated share repurchase agreement (the "June 2022 ASR") with two financial institutions to repurchase a total of $500 million of Common Stock. The Company took an initial delivery of approximately 717 thousand shares, which represented 75% of the prepayment amount divided by our closing stock price on June 2, 2022. The total number of shares received under the June 2022 ASR will be based upon the average daily volume weighted average price of the Company’s Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the June 2022 ASR will between August 18, 2022 and November 4, 2022. On February 15, 2022, the Company entered into an accelerated share repurchase agreement (the “February 2022 ASR") with two financial institutions to repurchase a total of $600 million of Common Stock. The Company took an initial delivery of approximately 758 thousand shares, which represented 75% of the prepayment amount divided by the Company’s closing stock price on February 15, 2022. The total number of shares received under the February 2022 ASR was based upon the average daily volume weighted average price of the Company’s Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the February 2022 ASR occurred in May 2022, resulting in the receipt of approximately 438 thousand additional shares, which yielded a weighted-average share price of $502.06 for the transaction period. On August 31, 2021, the Company entered into an accelerated share repurchase agreement (the “August 2021 ASR") with two financial institutions to repurchase a total of $650 million of Common Stock. The Company took an initial delivery of approximately 806 thousand shares, which represented 75% of the prepayment amount divided by the Company’s closing stock price on August 31, 2021. The total number of shares received under the August 2021 ASR was based upon the average daily volume weighted average price of the Company’s Common Stock during the repurchase period, less an agreed upon discount. Final settlement of the August 2021 ASR occurred in January 2022, resulting in the receipt of approximately 265 thousand additional shares, which yielded a weighted-average share price of $606.71 for the transaction period.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
Comprehensive Income (Loss)	Jun. 26, 2022
Equity [Abstract]
Comprehensive Income (Loss)	Comprehensive Income (Loss) The components of accumulated other comprehensive loss, net of tax at the end of June 26, 2022, as well as the activity during the fiscal year ended June 26, 2022, were as follows: Accumulated Accumulated Accumulated Accumulated Total (in thousands) Balance as of June 27, 2021 $ (31,413) $ (14,125) $ 1,611 $ (20,201) $ (64,128) Other comprehensive (loss) income before reclassifications (50,342) 30,849 (4,638) 5,941 (18,190) (Gains) losses reclassified from accumulated other comprehensive income (loss) to net income (1) — (29,054) 1,390 — (27,664) Net current-period other comprehensive income (loss) (50,342) 1,795 (3,248) 5,941 (45,854) Balance as of June 26, 2022 $ (81,755) $ (12,330) $ (1,637) $ (14,260) $ (109,982) (1) Amount of after-tax gain reclassified from accumulated other comprehensive income into net income is not material individually or in the aggregate, or to any individual location in our Consolidated Statement of Operations.

Segment, Geographic Information

Segment, Geographic Information and Major Customers	12 Months Ended
Segment, Geographic Information and Major Customers	Jun. 26, 2022
Segment Reporting [Abstract]
Segment, Geographic Information and Major Customers	Segment, Geographic Information, and Major Customers The Company operates in one reportable business segment: manufacturing and servicing of wafer processing semiconductor manufacturing equipment. The Company’s material operating segments qualify for aggregation due to their customer base and similarities in economic characteristics, nature of products and services, and processes for procurement, manufacturing, and distribution. The Company operates in seven geographic regions: United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. For geographical reporting, revenue is attributed to the geographic location in which the customers’ facilities are located, while long-lived assets; which includes property and equipment, net, and recognized right of use assets reported in other assets in the Consolidated Balance Sheets as of June 26, 2022 and June 27, 2021; are attributed to the geographic locations in which the assets are located. Revenues and long-lived assets by geographic region were as follows: Year Ended June 26, June 27, June 28, Revenue: (in thousands) China $ 5,411,502 $ 5,137,886 $ 3,083,916 Korea 4,037,467 3,924,685 2,391,257 Taiwan 2,936,482 2,117,999 1,906,223 Japan 1,624,573 1,363,907 954,743 Southeast Asia 1,357,648 945,478 587,638 United States 1,147,346 672,716 812,482 Europe 712,021 463,479 308,477 Total revenue $ 17,227,039 $ 14,626,150 $ 10,044,736 June 26, June 27, June 28, Long-lived assets: (in thousands) United States $ 1,276,274 $ 1,137,490 $ 1,052,714 Southeast Asia 248,029 129,881 31,027 Korea 183,809 62,502 49,943 Europe 77,658 77,661 80,297 Taiwan 72,845 47,279 11,555 Japan 8,406 13,149 11,826 China 7,214 9,301 8,720 $ 1,874,235 $ 1,477,263 $ 1,246,082 In fiscal year 2022, four customers accounted for approximately 21%, 12%, 12% and 11% of total revenues, respectively. In fiscal year 2021, three customers accounted for approximately 25%, 12% and 10% of total revenues, respectively. In fiscal year 2020, four customers accounted for approximately 24%, 14%, 10%, and 10%, of total revenues, respectively. No other customers accounted for more than 10% of total revenues.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 26, 2022
Accounting Policies [Abstract]
Reclassification	Reclassification: Certain amounts for the fiscal year 2021 footnotes have been reclassified to conform to the fiscal year 2022 presentation.
Revenue Recognition	Revenue Recognition: The Company recognizes revenue when promised goods or services are transferred to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services by following a five-step process, (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when or as the Company satisfies a performance obligation, as further described below. Identify the contract with a customer . The Company generally considers documentation of terms with an approved purchase order as a customer contract provided that collection is considered probable, which is assessed based on the creditworthiness of the customer as determined by credit checks, payment histories, and/or other circumstances. Identify the performance obligations in the contract . Performance obligations include sales of systems, spare parts, and services. In addition, customer contracts contain provisions for installation and training services which have been deemed immaterial in the context of the contract. Determine the transaction price . The transaction price for the Company’s contracts with its customers consists of both fixed and variable consideration provided it is probable that a significant reversal of revenue will not occur when the uncertainty related to variable consideration is resolved. Fixed consideration includes amounts to be contractually billed to the customer while variable consideration includes estimates for discounts and credits for future usage which are based on contractual terms outlined in volume purchase agreements and other factors known at the time. The Company generally invoices customers at shipment and for professional services either as provided or upon meeting certain milestones. Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year. Allocate the transaction price to the performance obligations in the contract . For contracts that contain multiple performance obligations, the Company allocates the transaction price to the performance obligations on a relative standalone selling price basis. Standalone selling prices are based on multiple factors including, but not limited to historical discounting trends for products and services and pricing practices in different geographies. Recognize revenue when or as the Company satisfies a performance obligation . Revenue for systems and spares are recognized at a point in time, which is generally upon shipment or delivery. Revenue from services is recognized over time as services are completed or ratably over the contractual period of generally one year or less.
Inventory Valuation	Inventory Valuation: Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. Finished goods are reported as inventories until the point of title transfer to the customer. Unless specified in the terms of sale, title generally transfers at the physical transfer of the products to the freight carriers. Transfer of title for shipments to Japanese customers occurs at the time of customer acceptance. Management evaluates the need to record adjustments for impairment of inventory at least quarterly. The Company’s policy is to assess the valuation of all inventories including manufacturing raw materials, work-in-process, finished goods, and spare parts in each reporting period. Obsolete inventory or inventory in excess of management’s estimated usage requirement is written down to its estimated market value if less than cost. Estimates of market value include but are not limited to management’s forecasts related to the Company’s future manufacturing schedules, customer demand, technological and/or market obsolescence, general semiconductor market conditions, and possible alternative uses. If future customer demand or market conditions are less favorable than the Company’s projections, additional inventory write-downs may be required and would be reflected in cost of goods sold in the period in which the revision is made.
Warranty	Warranty: Typically, the sale of semiconductor capital equipment includes providing parts and service warranties to customers as part of the overall price of the system. The Company provides standard warranties for its systems. The Company records a provision for estimated warranty expenses to cost of sales for each system when it recognizes revenue. The Company does not maintain general or unspecified reserves; all warranty reserves are related to specific systems. All actual or estimated parts and labor costs incurred in subsequent periods are charged to those established reserves on a system-by-system basis. While the Company periodically monitors the performance and cost of warranty activities, if actual costs incurred are different than its estimates, the Company may recognize adjustments to provisions in the period in which those differences arise or are identified. In addition to the provision of standard warranties, the Company offers customer-paid extended warranty services. Revenues for extended maintenance and warranty services with a fixed payment amount are recognized on a straight-line basis over the term of the contract. Related costs are recorded as incurred.
Equity-based Compensation - Employee Stock Plans	Equity-based Compensation — Employee Stock Plans: The Company recognizes the fair value of equity-based compensation expense. The Company determines the fair value of its RSUs, excluding market-based performance RSUs, based upon the fair market value of Company’s Common Stock at the date of grant, discounted for dividends. The Company estimates the fair value of its market-based performance RSUs using a Monte Carlo simulation model at the date of the grant. The Company estimates the fair value of its stock options using a Black-Scholes option valuation model. This model requires the input of subjective assumptions, including expected stock price volatility and the estimated life of each award. The Company amortizes the fair value of equity-based awards over the vesting periods of the award, and the Company has elected to use the straight-line method of amortization.
Income Taxes	Income Taxes: Deferred income taxes reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes, as well as the tax effect of carryforwards. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. Realization of its net deferred tax assets is dependent on future taxable income. The Company believes it is more likely than not that such assets will be realized; however, ultimate realization could be negatively impacted by market conditions and other variables not known or anticipated at this time. In the event that the Company determines that it will not be able to realize all or part of its net deferred tax assets, an adjustment will be charged to earnings in the period such determination is made. Likewise, if the Company later determines that it is more likely than not that the deferred tax assets will be realized, then the previously provided valuation allowance will be reversed. The Company recognizes the benefit from a tax position only if it is more likely than not that the position will be sustained upon audit based solely on the technical merits of the tax position. The Company’s policy is to include interest and penalties related to uncertain tax positions as a component of income tax expense.
Goodwill and Intangible Assets	Goodwill and Intangible Assets : The valuation of intangible assets acquired in a business combination requires the use of management estimates including but not limited to estimating future expected cash flows from assets acquired and determining discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable, and as a result, actual results may differ from estimates. Estimates associated with the accounting for acquisitions may change as additional information becomes available. The Company amortizes intangible assets with estimable useful lives over their respective estimated useful lives. Goodwill represents the amount by which the purchase price in each business combination exceeds the fair value of the net tangible and identifiable intangible assets acquired. Each component of the Company for which discrete financial information is available and for which management regularly reviews the results of operations is considered a reporting unit. All goodwill acquired in a business combination is assigned to one or more reporting units as of the acquisition date. Goodwill is assigned to the Company’s reporting units that are expected to benefit from the synergies of the combination. The goodwill assigned to a reporting unit is the difference between the acquisition consideration assigned to the reporting unit on a relative fair value basis and the fair value of acquired assets and liabilities that can be specifically attributed to the reporting unit. The Company reviews goodwill at least annually for impairment during the fourth quarter of each fiscal year and if certain events or indicators of impairment occur between annual impairment tests. The process of evaluating the potential impairment of goodwill requires significant judgment. When reviewing goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. In performing a qualitative assessment, it considers business conditions and other factors including, but not limited to (i) adverse industry or economic trends, (ii) restructuring actions and lower projections that may impact future operating results, (iii) sustained decline in share price, and (iv) overall financial performance and other events affecting the reporting units. If the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then a quantitative impairment test is performed by estimating the fair value of the reporting unit and comparing it to its carrying value, including goodwill allocated to that reporting unit. The Company did not record impairments of goodwill during the years ended June 26, 2022, June 27, 2021, or June 28, 2020. The Company determines the fair value of its reporting units by using an income approach. Under the income approach, the Company determines fair value based on estimated future cash flows of each reporting unit, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of a reporting unit and the rate of return an outside investor would expect to earn. In estimating the fair value of a reporting unit, the Company makes estimates and judgments about the future cash flows of its reporting units, including estimated growth rates and assumptions about the economic environment. Although the Company’s cash flow forecasts are based on assumptions that are consistent with the plans and estimates it is using to manage the underlying businesses, there is significant judgment involved in determining the cash flows attributable to a reporting unit. In addition, the Company makes certain judgments about allocating shared assets to the estimated balance sheets of its reporting units. Changes in judgment on these assumptions and estimates could result in a goodwill impairment charge. If after completing the quantitative assessment the carrying value of a reporting unit exceeds its fair value, the Company would record an impairment charge equal to the excess of the carrying value of the reporting unit over its fair value, up to the amount the goodwill assigned to the reporting unit.
Impairment of Long-lived Assets (Excluding Goodwill)	Impairment of Long-lived Assets (Excluding Goodwill): The Company reviews intangible assets whenever events or circumstances indicate that the carrying value of an asset or asset group may not be recoverable. If such indicators are present, the Company determines whether the sum of the estimated undiscounted cash flows attributable to the assets is less than their carrying value. If the sum is less, the Company recognizes an impairment loss based on the excess of the carrying amount of the assets over their respective fair values. Fair value is determined by discounted future cash flows, appraisals, or other methods. The Company recognizes an impairment charge to the extent the fair value attributable to the asset are less than the asset’s carrying value. The fair value of the asset then becomes the asset’s new carrying value, which the Company depreciates over the remaining estimated useful life of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value. For the periods presented, there was no
Fiscal Year	Fiscal Year: The Company follows a 52/53-week fiscal reporting calendar, and its fiscal year ends on the last Sunday of June each year. The Company’s most recent fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020, and each included 52 weeks.
Principles of Consolidation	Principles of Consolidation: The Consolidated Financial Statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Cash Equivalents and Investments	Cash Equivalents and Investments:
Allowance for Expected Credit Losses	Allowance for Expected Credit Losses: The Company maintains an allowance for expected losses resulting from the inability of its customers to make required payments. The Company evaluates its allowance for expected credit losses based on a combination of factors. In circumstances where specific invoices are deemed uncollectible, the Company provides a specific allowance against the amount due to reduce the net recognized receivable to the amount it reasonably believes will be collected. The Company also provides allowances based on its write-off history. Bad debt expense was not material for fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020.
Property and Equipment	Property and Equipment: Property and equipment is stated at cost. Equipment is depreciated by the straight-line method over the estimated useful lives of the assets, generally three three
Derivative Financial Instruments	Derivative Financial Instruments: In the normal course of business, the Company’s financial position is routinely subjected to market risk associated with interest rate and foreign currency exchange rate fluctuations. The Company’s policy is to mitigate the effect of interest rate fluctuations on certain proposed debt instruments and exchange rate fluctuations on certain foreign currency denominated business exposures. The Company has a policy that allows the use of derivative financial instruments to hedge foreign currency exchange rate fluctuations on forecasted revenue and expenses and net monetary assets or liabilities denominated in various foreign currencies. The Company carries derivative financial instruments (derivatives) on the balance sheet at their fair values. The Company does not use derivatives for trading or speculative purposes. The Company does not believe that it is exposed to more than a nominal amount of credit risk in its interest rate and foreign currency hedges, as counterparties are large, global and well-capitalized financial institutions. The Company maintains an active currency hedging program and believes there is minimal risk that appropriate derivatives to maintain the Company’s hedging program would not be available in the future. To hedge foreign currency risks, the Company uses foreign currency exchange forward and option contracts, where possible and prudent. These hedge contracts are valued using standard valuation formulas with assumptions about future foreign currency exchange rates derived from existing exchange rates, interest rates, and other market factors. The Company considers its most current forecast in determining the level of foreign currency denominated revenue and expenses to hedge as cash flow hedges. The Company combines these forecasts with historical trends to establish the portion of its expected volume to be hedged. The revenue and expenses are hedged and designated as cash flow hedges to protect the Company from exposures to fluctuations in foreign currency exchange rates. If the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, the related hedge gains and losses on the cash flow hedge are reclassified from accumulated other comprehensive income (loss) to other income (expense), net on the Consolidated Statement of Operations at that time.
Leases	Leases: Lease expense for operating leases is recognized on a straight-line basis over the lease term. The Company includes renewals and terminations in the calculation of the right-of-use asset and liability when the provision is reasonably certain to be exercised. The Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future lease payments when the rate implicit in the lease is unknown. The Company has elected the following practical expedients and accounting policy elections for accounting under ASC 842: (i) leases with an initial lease term of 12 months or less are not recorded on the balance sheet; and (ii) lease and non-lease components of a contract are accounted for as a single lease component.
Guarantees	Guarantees: The Company has certain finance leases that contain provisions whereby the properties subject to the finance leases may be remarketed at lease expiration. The Company has guaranteed to the lessor an amount approximating the lessor’s investment in the property. Also, the Company’s guarantees generally include certain indemnifications to its lessors for environmental matters, potential overdraft protection obligations to financial institutions related to one of the Company’s subsidiaries, indemnifications to the Company’s customers for certain infringement of third-party intellectual property rights by its products and services, indemnifications for its officers and directors, and the Company’s warranty obligations under sales of its products.
Foreign Currency Translation	Foreign Currency Translation: The Company’s non-U.S. subsidiaries that operate in a local currency environment, where that local currency is the functional currency, primarily generate and expend cash in their local currency. Accordingly, all balance sheet accounts of these local functional currency subsidiaries are translated into U.S. dollars at the fiscal period-end exchange rate, and income and expense accounts are translated into U.S. dollars using average rates in effect for the period, except for costs related to those balance sheet items that are translated using historical exchange rates. The resulting translation adjustments are recorded as cumulative translation adjustments and are a component of accumulated other comprehensive income (loss). Remeasurement adjustments are recorded in other income (expense), net, where the U.S. dollar is the functional currency.
Recently Adopted or Effective and Updates Not Yet Effective	Recently Adopted or Effective The Company did not adopt any new accounting standards during fiscal year 2022 that had a material impact on the Company’s Consolidated Financial Statements. Updates Not Yet Effective In November 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance,” which requires business entities to make annual disclosures, including the nature of transactions and the related accounting policy used to account for the transactions, significant terms and conditions, and line items affected, about transactions with a government (including government assistance) that are accounted for by analogizing to a grant or contribution accounting model. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2021, with early adoption permitted. The Company is required to adopt this standard in the first quarter of fiscal year 2023 for the annual reporting period ending June 25, 2023. The guidance may be applied either prospectively to all in-scope transactions at the date of initial application or retrospectively. The Company does not expect adoption of this standard to have a material impact on its Consolidated Financial Statements.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
Revenue (Tables)	Jun. 26, 2022
Revenue from Contract with Customer [Abstract]
Summary of Contract Transaction Price not yet Recognized as Revenue	The following table summarizes the transaction price for contracts that have not yet been recognized as revenue as of June 26, 2022 and when the Company expects to recognize the amounts as revenue: Less than 1 Year 1-3 Years More than 3 Years Total (in thousands) Deferred revenue $ 2,014,210 $ 160,266 (1) $ 23,623 (1) $ 2,198,099 (1) This amount is reported in Deferred profit on the Company's Consolidated Balance Sheets as the customers can demand the liability to be performed at any time.
Schedule of Disaggregation of Revenue	The following table presents the Company’s revenue disaggregated between system and its customer-support related revenue: Year Ended June 26, June 27, June 28, (in thousands) Systems Revenue $ 11,322,271 $ 9,764,845 $ 6,625,130 Customer support-related revenue and other 5,904,768 4,861,305 3,419,606 $ 17,227,039 $ 14,626,150 $ 10,044,736
Schedule of System Revenues of Primary Markets	The following table presents the percentages of leading- and non-leading-edge equipment and upgrade revenue to each of the primary markets the Company serves: Year Ended June 26, June 27, June 28, Memory 60 % 61 % 58 % Foundry 26 % 32 % 31 % Logic/integrated device manufacturing 14 % 7 % 11 %

Equity-based Compensation Plan

Equity-based Compensation Plan (Tables)	12 Months Ended
Equity-based Compensation Plan (Tables)	Jun. 26, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of Recognized Equity Based Compensation Expenses and Benefits	The Company recognized the following equity-based compensation expense and benefits in the Consolidated Statements of Operations: Year Ended June 26, June 27, June 28, (in thousands) Equity-based compensation expense $ 259,064 $ 220,164 $ 189,197 Income tax benefit recognized related to equity-based compensation $ 37,466 $ 49,313 $ 36,135 Income tax benefit realized from the exercise and vesting of options and RSUs $ 72,564 $ 97,275 $ 67,060
Schedule of Stock Plan Transactions	The following table summarizes the Company’s combined service-based RSUs and market-based PRSUs: Number of Weighted-Average Outstanding, June 27, 2021 1,306 $ 345.70 Granted 606 518.45 Vested (747) 261.38 Forfeited or canceled (64) 404.08 Outstanding, June 26, 2022 1,101 $ 475.33

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	12 Months Ended
Other Income (Expense), Net (Tables)	Jun. 26, 2022
Other Income and Expenses [Abstract]
Schedule of Components of Other Expense, Net	The significant components of other income (expense), net, were as follows: Year Ended June 26, June 27, June 28, (in thousands) Interest income $ 15,209 $ 19,687 $ 85,433 Interest expense (184,759) (208,597) (177,440) (Losses) gains on deferred compensation plan related assets, net (38,053) 61,838 5,999 Foreign exchange (losses) gains, net (723) (6,962) (3,317) Other, net 19,618 22,815 (9,499) $ (188,708) $ (111,219) $ (98,824)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jun. 26, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income (Loss) Before Income Taxes	The components of income before income taxes were as follows: Year Ended June 26, June 27, June 28, (in thousands) United States $ 87,933 $ 120,161 $ 44,739 Foreign 5,105,181 4,250,643 2,530,239 $ 5,193,114 $ 4,370,804 $ 2,574,978
Schedule of Components of Provision (Benefit) for Income Taxes	Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows: Year Ended June 26, June 27, June 28, (in thousands) Federal: Current $ 620,344 $ 437,525 $ 216,513 Deferred (226,895) (139,531) (18,458) 393,449 297,994 198,055 State: Current 20,759 13,560 4,724 Deferred (19,096) (8,324) 6,524 1,663 5,236 11,248 Foreign: Current 204,163 162,738 119,766 Deferred (11,447) (3,622) (5,844) 192,716 159,116 113,922 Total provision for income taxes $ 587,828 $ 462,346 $ 323,225 The Company’s remaining obligation related to this arrangement as of June 26, 2022, were as follows: Payments Due by Fiscal Year (1) : Transition Tax (in thousands) 2023 $ 69,469 2024 130,254 2025 173,672 2026 217,090 Total $ 590,485 (1) The Company may choose to apply existing tax credits, thereby reducing the actual cash payment.
Schedule of Components of Net Deferred Tax Assets and Liabilities	Significant components of the Company’s net deferred tax assets and liabilities were as follows: June 26, June 27, (in thousands) Deferred tax assets: Tax carryforwards $ 315,396 $ 281,022 Allowances and reserves 194,410 165,335 Equity-based compensation 8,845 7,322 Inventory valuation differences 52,323 28,877 Outside basis differences of foreign subsidiaries 421,056 193,734 Operating lease liabilities 50,294 37,562 Finance lease assets 35,754 35,600 Intangible assets 889 — Other 23,955 22,575 Gross deferred tax assets 1,102,922 772,027 Valuation allowance (308,724) (277,133) Net deferred tax assets 794,198 494,894 Deferred tax liabilities: Intangible assets — (3,113) Capital assets (114,644) (81,412) Amortization of goodwill (13,789) (13,161) Right-of-use assets (50,294) (37,562) Finance lease liabilities (52,379) (50,683) Other (2,395) (1,369) Gross deferred tax liabilities (233,501) (187,300) Net deferred tax assets $ 560,697 $ 307,594
Schedule of Reconciliation of Income Tax Expense Provided at Federal Statutory Rate to Actual Income Tax Expense	A reconciliation of income tax expense provided at the federal statutory rate (21% in fiscal years 2022, 2021, and 2020) to actual income tax expense is as follows: Year Ended June 26, June 27, June 28, (in thousands) Income tax expense computed at federal statutory rate $ 1,096,692 $ 917,869 $ 540,745 State income taxes, net of federal tax benefit (35,584) (33,478) (28,046) Foreign income taxed at different rates (407,989) (365,886) (146,023) Settlements and reductions in uncertain tax positions (51,227) (13,613) (12,854) Tax credits (96,440) (86,709) (88,762) State valuation allowance, net of federal tax benefit 43,502 39,477 30,923 Equity-based compensation (13,168) (45,764) (23,248) Other permanent differences and miscellaneous items 52,042 50,450 50,490 $ 587,828 $ 462,346 $ 323,225
Schedule of Changes in Balance of Gross Unrecognized Tax Benefits	The aggregate changes in the balance of gross uncertain tax positions were as follows: (in thousands) Balance as of June 30, 2019 $ 420,772 Settlements and effective settlements with tax authorities (1,836) Lapse of statute of limitations (8,026) Increases in balances related to tax positions taken during prior periods 3,206 Decreases in balances related to tax positions taken during prior periods (3,989) Increases in balances related to tax positions taken during current period 66,568 Balance as of June 28, 2020 476,695 Settlements and effective settlements with tax authorities (1,443) Lapse of statute of limitations (8,456) Increases in balances related to tax positions taken during prior periods 15,986 Decreases in balances related to tax positions taken during prior periods (2,746) Increases in balances related to tax positions taken during current period 86,735 Balance as of June 27, 2021 566,771 Settlements and effective settlements with tax authorities (14,440) Lapse of statute of limitations (8,021) Increases in balances related to tax positions taken during prior periods 6,468 Decreases in balances related to tax positions taken during prior periods (28,376) Increases in balances related to tax positions taken during current period 94,971 Balance as of June 26, 2022 $ 617,373

Net Income per Share (Tables)

Net Income per Share (Tables)	12 Months Ended
Net Income per Share (Tables)	Jun. 26, 2022
Earnings Per Share [Abstract]
Reconciliation of Inputs to Basic and Diluted Computations of Net Income Per Share	The following table reconciles the inputs to the basic and diluted computations for net income per share. Year Ended June 26, June 27, June 28, (in thousands, except per share data) Numerator: Net income $ 4,605,286 $ 3,908,458 $ 2,251,753 Denominator: Basic average shares outstanding 139,899 143,609 144,814 Effect of potential dilutive securities: Employee stock plans 729 1,168 1,236 Convertible notes — 543 3,040 Diluted average shares outstanding 140,628 145,320 149,090 Net income per share - basic $ 32.92 $ 27.22 $ 15.55 Net income per share - diluted $ 32.75 $ 26.90 $ 15.10

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
Financial Instruments (Tables)	Jun. 26, 2022
Fair Value Disclosures [Abstract]
Schedule of Cash, Cash Equivalents, Short-Term Investments, Restricted Cash and Investments and Other Assets Measured at Fair Value on Recurring Basis	The following tables set forth the Company’s cash, cash equivalents, investments, restricted cash and investments, and other assets measured at fair value on a recurring basis as of June 26, 2022, and June 27, 2021: June 26, 2022 (Reported Within) Cost Unrealized Unrealized Fair Value Cash and Investments Restricted Other (in thousands) Level 1: Money market funds $ 712,076 $ — $ — $ 712,076 $ 712,076 $ — $ — $ — Mutual funds 84,851 12,027 (1,659) 95,219 — — — 95,219 Level 1 total 796,927 12,027 (1,659) 807,295 712,076 — — 95,219 Level 2: Corporate notes and bonds 137,859 — (2,128) 135,731 — 135,731 — — Level 2 Total 137,859 — (2,128) 135,731 — 135,731 — — Total subject to fair value hierarchy $ 934,786 $ 12,027 $ (3,787) $ 943,026 Cash 1,017,253 1,015,747 — 1,506 — Time deposits 2,044,206 1,794,178 — 250,028 — Total $ 4,004,485 $ 3,522,001 $ 135,731 $ 251,534 $ 95,219 June 27, 2021 (Reported Within) Cost Unrealized Unrealized Fair Value Cash and Investments Restricted Other (in thousands) Level 1: Money market funds $ 2,246,138 $ — $ — $ 2,246,138 $ 2,246,138 $ — $ — $ — U.S. Treasury and agencies 204,743 96 (47) 204,792 — 204,792 — — Mutual funds 80,694 15,510 (33) 96,171 — — — 96,171 Level 1 total 2,531,575 15,606 (80) 2,547,101 2,246,138 204,792 — 96,171 Level 2: Government-sponsored enterprises 3,498 7 — 3,505 — 3,505 — — Foreign government bonds 32,995 21 (4) 33,012 — 33,012 — — Corporate notes and bonds 1,043,308 2,247 (457) 1,045,098 — 1,045,098 — — Mortgage backed securities - residential 5,623 54 — 5,677 — 5,677 — — Mortgage backed securities - commercial 18,830 17 (59) 18,788 — 18,788 — — Level 2 Total 1,104,254 2,346 (520) 1,106,080 — 1,106,080 — — Total subject to fair value hierarchy $ 3,635,829 $ 17,952 $ (600) $ 3,653,181 Cash 875,738 873,278 — 2,460 — Time deposits 1,548,874 1,298,847 — 250,027 — Total $ 6,077,793 $ 4,418,263 $ 1,310,872 $ 252,487 $ 96,171
Available-for-Sale And Trading Securities, Unrealized Loss Position, Fair Value	The following is an analysis of the Company’s investments in unrealized loss positions.: June 26, 2022 Unrealized Losses Unrealized Losses Total Fair Value Gross Fair Value Gross Fair Value Gross (in thousands) Mutual funds $ 38,536 $ (1,447) $ 1,701 $ (212) $ 40,237 $ (1,659) Corporate notes and bonds 134,964 (2,128) — — 134,964 (2,128) $ 173,500 $ (3,575) $ 1,701 $ (212) $ 175,201 $ (3,787)
Schedule of Amortized Cost and Fair Value of Cash Equivalents, Short-Term Investments, Restricted Cash and Investments with Contractual Maturities	The amortized cost and fair value of cash equivalents, investments, and restricted investments with contractual maturities as of June 26, 2022, are as follows: Cost Fair Value (in thousands) Due in one year or less $ 2,829,420 $ 2,828,556 Due after one year through five years 64,721 63,457 $ 2,894,141 $ 2,892,013
Schedule of Outstanding Foreign Currency Forward Contracts	The following table provides the total notional value of cash flow hedge instruments outstanding as of June 26, 2022: June 26, 2022 (In thousands) Buy Contracts $ 306,211 Sell Contracts 541,999 The following table provides the total notional value of balance sheet hedge instruments outstanding as of June 26, 2022: June 26, 2022 (In thousands) Buy Contracts $ 184,310 Sell Contracts 326,776
Schedule of Derivative Instruments Designated as Cash Flow Hedges in Statements of Operations	The effect of derivative instruments designated as cash flow hedges on the Company’s Consolidated Statements of Operations, including accumulated other comprehensive income (“AOCI”), was as follows: Year Ended June 26, 2022 Year Ended June 27, 2021 Location of Gain Gain (Loss) Gain (Loss) Gain (Loss) Reclassified Derivatives in Cash Flow Hedging Relationships (in thousands) Foreign exchange contracts Revenue $ 57,058 $ 45,057 $ 17,614 $ 868 Foreign exchange contracts Cost of goods sold (23,414) (11,410) 3,756 3,659 Foreign exchange contracts R&D (1,948) (10) 898 — Foreign exchange contracts SG&A (6,914) (2,434) 4,190 3,623 Interest rate contracts Other income (expense), net — (4,238) — (3,855) $ 24,782 $ 26,965 $ 26,458 $ 4,295 The effect of the Company’s balance sheet hedge derivative instruments on the Company’s Consolidated Statements of Operations was as follows: Year Ended June 26, 2022 June 27, 2021 Derivatives Not Designated as Hedging Instruments: Location of Gain Gain Gain (in thousands) Foreign exchange contracts Other income (expense), net $ 14,362 $ 7,057

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Jun. 26, 2022
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: June 26, June 27, (in thousands) Raw materials $ 2,401,490 $ 1,519,456 Work-in-process 471,348 391,686 Finished goods 1,093,456 778,152 $ 3,966,294 $ 2,689,294

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
Property and Equipment (Tables)	Jun. 26, 2022
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net, is presented in the table below. June 26, June 27, (in thousands) Manufacturing and engineering equipment $ 1,588,805 $ 1,328,399 Buildings and improvements 1,124,381 840,661 Computer and computer-related equipment 177,198 181,781 Office equipment, furniture and fixtures 70,642 95,259 Land 84,733 84,681 3,045,759 2,530,781 Less: accumulated depreciation and amortization (1,440,325) (1,271,356) $ 1,605,434 $ 1,259,425

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
Goodwill and Intangible Assets (Tables)	Jun. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets, Other Than Goodwill	The following table provides details of the Company’s intangible assets, other than goodwill: June 26, 2022 June 27, 2021 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 633,252 $ (627,376) $ 5,876 $ 630,303 $ (581,406) $ 48,897 Existing technology 676,924 (664,278) 12,646 669,359 (659,898) 9,461 Patents and other intangible assets 167,821 (84,493) 83,328 132,774 (58,767) 74,007 Total intangible assets $ 1,477,997 $ (1,376,147) $ 101,850 $ 1,432,436 $ (1,300,071) $ 132,365
Schedule of Estimated Future Amortization Expense of Intangible Assets	The estimated future amortization expense of intangible assets as of June 26, 2022, is reflected in the table below. The table excludes $17.8 million of capitalized costs for intangible assets that have not yet been placed into service. Fiscal Year Amount (in thousands) 2023 $ 36,726 2024 22,983 2025 12,882 2026 5,707 2027 3,343 Thereafter 2,402 $ 84,043

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
Accrued Expenses and Other Current Liabilities (Tables)	Jun. 26, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consist of the following: June 26, June 27, (in thousands) Accrued compensation $ 481,070 $ 552,925 Warranty reserves 232,248 176,030 Income and other taxes payable 465,601 348,206 Dividend payable 205,615 185,431 Other 589,738 456,891 $ 1,974,272 $ 1,719,483

Long Term Debt and Other Borr_2

Long Term Debt and Other Borrowings (Tables)	12 Months Ended
Long Term Debt and Other Borrowings (Tables)	Jun. 26, 2022
Debt Disclosure [Abstract]
Schedule of Outstanding Debt	As of June 26, 2022, and June 27, 2021, the Company’s outstanding debt consisted of the following: June 26, 2022 June 27, 2021 Amount Effective Interest Rate Amount 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 Note 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 Note Due June 15, 2050 ("2050 Notes") 750,000 2.93 % 750,000 2.93 % Fixed-rate 3.125% Senior Note Due June 15, 2060 ("2060 Notes") 500,000 3.18 % 500,000 3.18 % Total debt outstanding, at par 5,000,000 5,000,000 Unamortized discount (35,549) (38,243) Fair value adjustment - interest rate contracts 4,835 (1) 6,621 (1) Unamortized bond issuance costs (6,827) (7,443) Total debt outstanding, at carrying value $ 4,962,459 $ 4,960,935 Reported as: Long-term debt $ 4,962,459 $ 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 Contractual Cash Obligations	The Company’s contractual cash obligations relating to its outstanding debt as of June 26, 2022, were as follows: Payments Due by Fiscal Year: Principal Interest (in thousands) 2023 $ — $ 175,125 2024 — 175,125 2025 500,000 175,125 2026 750,000 161,222 2027 — 128,000 Thereafter 3,750,000 1,914,214 Total $ 5,000,000 $ 2,728,811
Schedule of Additional Senior Notes Information	Selected additional information regarding the Senior Notes outstanding as of June 26, 2022, is as follows: Remaining Amortization period Fair Value of Notes (Level 2) (years) (in thousands) 2025 Notes 2.7 $ 498,500 2026 Notes 3.7 $ 745,103 2029 Notes 6.7 $ 980,970 2030 Notes 8.0 $ 632,693 2049 Notes 26.7 $ 764,078 2050 Notes 28.0 $ 546,735 2060 Notes 38.0 $ 360,625
Schedule of Recognized Interest Cost	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 fiscal years ended June 26, 2022, June 27, 2021, and June 28, 2020. Year Ended June 26, June 27, June 28, (in thousands) Contractual interest coupon $ 175,128 $ 197,367 $ 169,483 Amortization of interest discount 2,767 3,934 4,280 Amortization of issuance costs 1,351 1,639 1,632 Effect of interest rate contracts, net 2,455 2,070 1,037 Total interest cost recognized $ 181,701 $ 205,010 $ 176,432

Leases (Tables)

Leases (Tables)	12 Months Ended
Leases (Tables)	Jun. 26, 2022
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows for the years ended June 26, 2022, June 27, 2021, and June 28, 2020: Year Ended June 26, June 27, June 28, (in thousands) Financing lease cost: Amortization of right-of-use assets $ 7,439 $ 7,131 $ 3,613 Interest on lease liabilities 658 697 506 Total finance lease cost $ 8,097 $ 7,828 $ 4,119 Operating lease cost $ 69,250 $ 51,519 $ 46,101 Variable lease cost 259,041 219,040 91,851
Supplemental Cash Flow Information	Supplemental cash flow information related to leases was as follows as of June 26, 2022, June 27, 2021, and June 28, 2020: Year Ended June 26, June 27, June 28, (in thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows paid for operating leases $ 64,808 $ 63,895 $ 50,223 Financing cash flows paid for principal portion of finance leases 11,513 5,952 3,539 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 121,580 $ 48,993 $ 108,816 Finance leases 13,868 29,497 3,019 June 26, 2022 June 27, 2021 Weighted-Average Remaining Lease Term Weighted-Average Discount Rate Weighted-Average Remaining Lease Term Weighted-Average Discount Rate (in years) (in years) Operating leases 5.4 3.05 % 5.5 2.30 % Finance leases 6.4 2.01 % 5.3 1.69 %
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases were as follows as of June 26, 2022 and June 27, 2021: June 26, June 27, (in thousands) Operating leases Other assets $ 226,648 $ 173,784 Accrued expenses and other current liabilities $ 54,110 $ 45,310 Other long-term liabilities 164,613 118,385 Total operating lease liabilities $ 218,723 $ 163,695 Finance Leases Property and Equipment, net $ 42,153 $ 44,054 Current portion of long-term debt and lease liabilities $ 7,381 $ 11,349 Long-term debt and lease liabilities, less current portion 35,990 29,398 Total finance lease liabilities $ 43,371 $ 40,747
Maturities of Finance Lease Liabilities	As of June 26, 2022, the maturities of lease liabilities are as follows: Operating Leases Finance Leases (in thousands) 2023 $ 58,785 $ 8,094 2024 46,383 7,861 2025 34,910 7,124 2026 28,305 7,165 2027 21,643 6,790 Thereafter 50,754 9,657 Total lease payments $ 240,780 $ 46,691 Less imputed interest (22,057) (3,320) Total $ 218,723 $ 43,371
Maturities of Operating Lease Liabilities	As of June 26, 2022, the maturities of lease liabilities are as follows: Operating Leases Finance Leases (in thousands) 2023 $ 58,785 $ 8,094 2024 46,383 7,861 2025 34,910 7,124 2026 28,305 7,165 2027 21,643 6,790 Thereafter 50,754 9,657 Total lease payments $ 240,780 $ 46,691 Less imputed interest (22,057) (3,320) Total $ 218,723 $ 43,371

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Jun. 26, 2022
Commitments and Contingencies Disclosure [Abstract]
Purchase Commitments	The Company’s commitments related to these agreements as of June 26, 2022, were as follows: Payments Due by Fiscal Year: Purchase (in thousands) 2023 $ 1,121,362 2024 43,330 2025 43,330 2026 4,319 2027 4,319 Thereafter 1,293 Total $ 1,217,953
Schedule of Transition Tax Liability	Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows: Year Ended June 26, June 27, June 28, (in thousands) Federal: Current $ 620,344 $ 437,525 $ 216,513 Deferred (226,895) (139,531) (18,458) 393,449 297,994 198,055 State: Current 20,759 13,560 4,724 Deferred (19,096) (8,324) 6,524 1,663 5,236 11,248 Foreign: Current 204,163 162,738 119,766 Deferred (11,447) (3,622) (5,844) 192,716 159,116 113,922 Total provision for income taxes $ 587,828 $ 462,346 $ 323,225 The Company’s remaining obligation related to this arrangement as of June 26, 2022, were as follows: Payments Due by Fiscal Year (1) : Transition Tax (in thousands) 2023 $ 69,469 2024 130,254 2025 173,672 2026 217,090 Total $ 590,485 (1) The Company may choose to apply existing tax credits, thereby reducing the actual cash payment.
Schedule of Changes in Product Warranty Reserves	Changes in the Company’s product warranty reserves were as follows: Year Ended June 26, June 27, (in thousands) Balance at beginning of period $ 191,758 $ 129,197 Warranties issued during the period 295,167 229,026 Settlements made during the period (272,954) (172,759) Changes in liability for warranties issued during the period 14,951 — Changes in liability for pre-existing warranties 27,336 6,294 Balance at end of period $ 256,258 $ 191,758

Stock Repurchase Program (Table

Stock Repurchase Program (Tables)	12 Months Ended
Stock Repurchase Program (Tables)	Jun. 26, 2022
Equity [Abstract]
Schedule of Repurchases Under Repurchase Program	Repurchases under the repurchase program were as follows during the periods indicated: Period Total Number Total Average (1) Amount Available (in thousands, except per share data) Available balance as of June 27, 2021 $ 4,222,220 Quarter ended September 26, 2021 1,725 $ 1,209,744 $ 608.98 $ 3,012,476 Quarter ended December 26, 2021 677 $ 429,983 $ 634.74 $ 2,582,493 Quarter ended March 27, 2022 2,007 $ 1,200,206 $ 609.61 $ 1,382,287 Board authorization, $5 billion increase, May 2022 $ 6,382,287 Quarter ended June 26, 2022 1,912 (2) $ 867,651 $ 485.31 $ 5,514,636 (1) Average price paid per share excludes the effect of accelerated share repurchases. See additional disclosure below regarding the Company’s accelerated share repurchase activity during the fiscal year. (2) Includes shares received at final settlement of accelerated share repurchase agreements; see additional disclosures below regarding the Company’s accelerated share repurchase activity during the fiscal year.

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
Comprehensive Income (Loss) (Tables)	Jun. 26, 2022
Equity [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, net of tax at the end of June 26, 2022, as well as the activity during the fiscal year ended June 26, 2022, were as follows: Accumulated Accumulated Accumulated Accumulated Total (in thousands) Balance as of June 27, 2021 $ (31,413) $ (14,125) $ 1,611 $ (20,201) $ (64,128) Other comprehensive (loss) income before reclassifications (50,342) 30,849 (4,638) 5,941 (18,190) (Gains) losses reclassified from accumulated other comprehensive income (loss) to net income (1) — (29,054) 1,390 — (27,664) Net current-period other comprehensive income (loss) (50,342) 1,795 (3,248) 5,941 (45,854) Balance as of June 26, 2022 $ (81,755) $ (12,330) $ (1,637) $ (14,260) $ (109,982) (1) Amount of after-tax gain reclassified from accumulated other comprehensive income into net income is not material individually or in the aggregate, or to any individual location in our Consolidated Statement of Operations.

Segment, Geographic Informati_2

Segment, Geographic Information and Major Customers (Tables)	12 Months Ended
	Jun. 26, 2022
Segment Reporting [Abstract]
Revenues and Long Lived Assets by Geographic Region	Revenues and long-lived assets by geographic region were as follows: Year Ended June 26, June 27, June 28, Revenue: (in thousands) China $ 5,411,502 $ 5,137,886 $ 3,083,916 Korea 4,037,467 3,924,685 2,391,257 Taiwan 2,936,482 2,117,999 1,906,223 Japan 1,624,573 1,363,907 954,743 Southeast Asia 1,357,648 945,478 587,638 United States 1,147,346 672,716 812,482 Europe 712,021 463,479 308,477 Total revenue $ 17,227,039 $ 14,626,150 $ 10,044,736 June 26, June 27, June 28, Long-lived assets: (in thousands) United States $ 1,276,274 $ 1,137,490 $ 1,052,714 Southeast Asia 248,029 129,881 31,027 Korea 183,809 62,502 49,943 Europe 77,658 77,661 80,297 Taiwan 72,845 47,279 11,555 Japan 8,406 13,149 11,826 China 7,214 9,301 8,720 $ 1,874,235 $ 1,477,263 $ 1,246,082

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Property, Plant and Equipment [Line Items]
Performance obligations and timing of payment	Customer invoices are generally due within 30 to 90 days after issuance. The Company’s contracts with customers typically do not include significant financing components as the period between the transfer of performance obligations and timing of payment are generally within one year.
Impairments of goodwill	$ 0	$ 0	$ 0
Impairment of long-lived assets	0	0	0
Impairment of investments	$ 0	$ 0	$ 0
Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years
Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Software \| Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years
Software \| Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	25 years

Revenue - Additional Informatio

Revenue - Additional Information (Details) $ in Millions	12 Months Ended
Revenue - Additional Information (Details) $ in Millions	Jun. 26, 2022 USD ($) segment primary_market
Revenue from Contract with Customer [Abstract]
Revenue recognized \| $	$ 908.7
Number of reportable business segment \| segment	1
Number of primary markets \| primary_market	3

Revenue - Summary of Contract T

Revenue - Summary of Contract Transaction Price not yet Recognized as Revenue (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 2,198,099
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-06-27
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 2,014,210
Deferred revenue, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-06-26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 160,266
Deferred revenue, expected timing of satisfaction	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-06-30
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue	$ 23,623
Deferred revenue, expected timing of satisfaction

Revenue - Revenues Disaggregate

Revenue - Revenues Disaggregated by Geographic Region and Primary Markets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 17,227,039	$ 14,626,150	$ 10,044,736
Systems Revenue
Disaggregation of Revenue [Line Items]
Revenue	11,322,271	9,764,845	6,625,130
Customer support-related revenue and other
Disaggregation of Revenue [Line Items]
Revenue	$ 5,904,768	$ 4,861,305	$ 3,419,606

Revenue - Schedule of System Re

Revenue - Schedule of System Revenues of Primary Markets (Details) - Systems revenue - Revenue benchmark	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Memory
Concentration Risk [Line Items]
Concentration by percent	60%	61%	58%
Foundry
Concentration Risk [Line Items]
Concentration by percent	26%	32%	31%
Logic/integrated device manufacturing
Concentration Risk [Line Items]
Concentration by percent	14%	7%	11%

Equity-based Compensation Pla_2

Equity-based Compensation Plan - Additional Information (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 26, 2022 USD ($) d $ / shares shares	Jun. 27, 2021 USD ($) $ / shares shares	Jun. 28, 2020 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (shares)	207,000
Weighted-average exercise price options outstanding (usd per share) \| $ / shares	$ 269.50
Exercisable options outstanding (shares)	143,800
Weighted-average exercise price options exercisable (usd per share) \| $ / shares	$ 189.59
Total unrecognized compensation expense \| $	$ 7.8
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares outstanding (shares)	1,101,000	1,306,000
Vested (usd per share) \| $ / shares	$ 261.38
Weighted average grant date fair value (in usd per share) \| $	$ 195.1	$ 177.4	$ 166.9
Unrecognized compensation expense \| $	$ 418.8
Weighted average remaining period for recognition	2 years 2 months 12 days
Service-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Shares outstanding (shares)	904,000
Market-Based PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Stock price performance measurement period \| d	50
Percentage increase in market-based PRSUs from target	2%
Percentage increase in common stock price exceeding market price performance	1%
Shares outstanding (shares)	196,600
Vested (usd per share) \| $ / shares	$ 488.68	$ 640.69	$ 320.69
Market-Based PRSUs \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock to be issued, vesting percentage	0%
Market-Based PRSUs \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock to be issued, vesting percentage	150%
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Weighted average remaining period for recognition	2 years 3 months 18 days
Maximum contractual term	7 years
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (shares)	5,700,000
Unrecognized compensation expense \| $	$ 32.3
Weighted average remaining period for recognition	1 year
Purchase price per share, percent	85%
Shares sold to employees (shares)	253,000
2015 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (shares)	19,232,068
Stock Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (shares)	8,038,265

Equity-based Compensation Pla_3

Equity-based Compensation Plan - Recognized Equity Based Compensation Expenses and Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Share-Based Payment Arrangement [Abstract]
Equity-based compensation expense	$ 259,064	$ 220,164	$ 189,197
Income tax benefit recognized related to equity-based compensation	37,466	49,313	36,135
Income tax benefit realized from the exercise and vesting of options and RSUs	$ 72,564	$ 97,275	$ 67,060

Equity-based Compensation Pla_4

Equity-based Compensation Plan - Summary of Stock Plan Activity (Details) - RSUs	12 Months Ended
	Jun. 26, 2022 $ / shares shares
Number of Shares (in thousands)
Beginning balance (shares) \| shares	1,306,000
Granted (shares) \| shares	606,000
Vested (shares) \| shares	(747,000)
Forfeited or canceled (shares) \| shares	(64,000)
Ending balance (shares) \| shares	1,101,000
Weighted-Average Grant Date Fair Value
Beginning balance (usd per share) \| $ / shares	$ 345.70
Granted (usd per share) \| $ / shares	518.45
Vested (usd per share) \| $ / shares	261.38
Forfeited or canceled (usd per share) \| $ / shares	404.08
Ending balance (usd per share) \| $ / shares	$ 475.33

Other Income (Expense), Net - S

Other Income (Expense), Net - Significant Components of Income (Expense), Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Other Income and Expenses [Abstract]
Interest income	$ 15,209	$ 19,687	$ 85,433
Interest expense	(184,759)	(208,597)	(177,440)
(Losses) gains on deferred compensation plan related assets, net	(38,053)	61,838	5,999
Foreign exchange (losses) gains, net	(723)	(6,962)	(3,317)
Other, net	19,618	22,815	(9,499)
Other income (expense), net	$ (188,708)	$ (111,219)	$ (98,824)

Other Income (Expense), Net - N

Other Income (Expense), Net - Narrative (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Debt Instrument [Line Items]
Total debt outstanding, at par	$ 5,000,000
Senior notes
Debt Instrument [Line Items]
Total debt outstanding, at par		$ 800,000	$ 2,000,000

Income Taxes - Income (Loss) Be

Income Taxes - Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Income Tax Disclosure [Abstract]
United States	$ 87,933	$ 120,161	$ 44,739
Foreign	5,105,181	4,250,643	2,530,239
Income before income taxes	$ 5,193,114	$ 4,370,804	$ 2,574,978

Income Taxes - Provision (Benef

Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Federal:
Current	$ 620,344	$ 437,525	$ 216,513
Deferred	(226,895)	(139,531)	(18,458)
Federal Tax Provision (Benefit)	393,449	297,994	198,055
State:
Current	20,759	13,560	4,724
Deferred	(19,096)	(8,324)	6,524
State Tax Provision (Benefit)	1,663	5,236	11,248
Foreign:
Current	204,163	162,738	119,766
Deferred	(11,447)	(3,622)	(5,844)
Foreign Tax Provision (Benefit)	192,716	159,116	113,922
Total provision for income taxes	$ 587,828	$ 462,346	$ 323,225

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Deferred tax assets:
Tax carryforwards	$ 315,396	$ 281,022
Allowances and reserves	194,410	165,335
Equity-based compensation	8,845	7,322
Inventory valuation differences	52,323	28,877
Outside basis differences of foreign subsidiaries	421,056	193,734
Operating lease liabilities	50,294	37,562
Finance lease assets	35,754	35,600
Intangible assets	889	0
Other	23,955	22,575
Gross deferred tax assets	1,102,922	772,027
Valuation allowance	(308,724)	(277,133)
Net deferred tax assets	794,198	494,894
Deferred tax liabilities:
Intangible assets	0	(3,113)
Capital assets	(114,644)	(81,412)
Amortization of goodwill	(13,789)	(13,161)
Right-of-use assets	(50,294)	(37,562)
Finance lease liabilities	(52,379)	(50,683)
Other	(2,395)	(1,369)
Gross deferred tax liabilities	(233,501)	(187,300)
Net deferred tax assets	$ 560,697	$ 307,594

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jun. 26, 2022	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020	Jun. 30, 2019
Income Taxes [Line Items]
Valuation allowance for deferred tax assets	$ 308,724	$ 308,724	$ 277,133
U.S. federal statutory tax rate (as a percent)		21%	21%	21%
Decreased in worldwide taxes		$ 574,700
Incentive on diluted earnings (usd per share)		$ 4.09
Unremitted earnings of foreign subsidiaries	894,800	$ 894,800
Withholding taxes on unremitted foreign earning	137,000	137,000
Tax expense of withholding taxes on unremitted foreign earning	109,600	109,600
Unrecognized tax benefits	617,373	617,373	$ 566,771	$ 476,695	$ 420,772
Increase in unrecognized tax benefits		50,600
Unrecognized tax benefits that would impact effective tax rate	539,600	539,600	504,400	423,800
Gross interest and penalties, relating to unrecognized tax benefits accrued		61,200	$ 54,600	$ 40,200
Proposed
Income Taxes [Line Items]
Adjustments	50,000
Tax examinations or lapses of statute of limitations
Income Taxes [Line Items]
Estimated unrecognized tax benefits reduction	20,000	20,000
Federal
Income Taxes [Line Items]
Net operating loss carry-forwards	16,000	16,000
State
Income Taxes [Line Items]
Net operating loss carry-forwards	144,700	144,700
Federal and state tax credit carry forward	467,500	467,500
California
Income Taxes [Line Items]
Valuation allowance for deferred tax assets	$ 308,700	$ 308,700
Malaysia
Income Taxes [Line Items]
Tax incentive term		15 years

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense Provided at Federal Statutory Rate to Actual Income Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Income Tax Disclosure [Abstract]
Income tax expense computed at federal statutory rate	$ 1,096,692	$ 917,869	$ 540,745
State income taxes, net of federal tax benefit	(35,584)	(33,478)	(28,046)
Foreign income taxed at different rates	(407,989)	(365,886)	(146,023)
Settlements and reductions in uncertain tax positions	(51,227)	(13,613)	(12,854)
Tax credits	(96,440)	(86,709)	(88,762)
State valuation allowance, net of federal tax benefit	43,502	39,477	30,923
Equity-based compensation	(13,168)	(45,764)	(23,248)
Other permanent differences and miscellaneous items	52,042	50,450	50,490
Total provision for income taxes	$ 587,828	$ 462,346	$ 323,225

Income Taxes - Changes in Balan

Income Taxes - Changes in Balance of Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Changes in Gross Unrecognized Tax Benefits
Beginning balance	$ 566,771	$ 476,695	$ 420,772
Settlements and effective settlements with tax authorities	(14,440)	(1,443)	(1,836)
Lapse of statute of limitations	(8,021)	(8,456)	(8,026)
Increases in balances related to tax positions taken during prior periods	6,468	15,986	3,206
Decreases in balances related to tax positions taken during prior periods	(28,376)	(2,746)	(3,989)
Increases in balances related to tax positions taken during current period	94,971	86,735	66,568
Ending balance	$ 617,373	$ 566,771	$ 476,695

Net Income per Share - Reconcil

Net Income per Share - Reconciliation of Inputs to Basic and Diluted Computations of Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Numerator:
Net income	$ 4,605,286	$ 3,908,458	$ 2,251,753
Denominator:
Basic average shares outstanding	139,899	143,609	144,814
Effect of potential dilutive securities:
Employee stock plans (shares)	729	1,168	1,236
Convertible notes (shares)	0	543	3,040
Diluted average shares outstanding	140,628	145,320	149,090
Net income per share - basic (usd per share)	$ 32.92	$ 27.22	$ 15.55
Net income per share - diluted (usd per share)	$ 32.75	$ 26.90	$ 15.10

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) $ in Thousands	12 Months Ended
	Jun. 26, 2022 USD ($) investee	Jun. 27, 2021 USD ($)	Jun. 28, 2020 USD ($)
Financial Instruments [Line Items]
Number of equity investee \| investee	1
Net unrealized gains (losses) during the period	$ 30,849	$ 22,139	$ (30,603)
Fair Value, Nonrecurring
Financial Instruments [Line Items]
Equity Securities, FV-NI	$ 125,200	$ 117,300
Accounts Receivable \| Customer concentration risk \| Customer 1
Financial Instruments [Line Items]
Concentration by percent	20%	23%
Accounts Receivable \| Customer concentration risk \| Customer 2
Financial Instruments [Line Items]
Concentration by percent	14%	13%
Cash flow hedging
Financial Instruments [Line Items]
Reclassification from other comprehensive income to earnings, period	12 months
Cash flow hedging \| Interest rate swap
Financial Instruments [Line Items]
Net unrealized gains (losses) during the period			$ (31,500)
Minimum \| Cash flow hedging
Financial Instruments [Line Items]
Foreign currency forward contract, expiration period	12 months
Maximum \| Cash flow hedging
Financial Instruments [Line Items]
Foreign currency forward contract, expiration period	24 months

Financial Instruments - Cash, C

Financial Instruments - Cash, Cash Equivalents, Short-Term Investments, Restricted Cash and Investments and Other Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost	$ 2,894,141
Cash and Cash Equivalents	3,522,001	$ 4,418,263	$ 4,915,172
Investments	135,731	1,310,872
Restricted Cash & Investments	251,534	252,487
Other Assets	95,219	96,171
Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Cost	934,786	3,635,829
Total Unrealized Gain	12,027	17,952
Total Unrealized (Loss)	(3,787)	(600)
Cash and cash equivalents, Fair Value	4,004,485	6,077,793
Total, Fair Value	943,026	3,653,181
Cash
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	1,015,747	873,278
Investments	0	0
Restricted Cash & Investments	1,506	2,460
Other Assets	0	0
Cash \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, Fair Value	1,017,253	875,738
Time deposits
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	1,794,178	1,298,847
Investments	0	0
Restricted Cash & Investments	250,028	250,027
Other Assets	0	0
Time deposits \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents, Fair Value	2,044,206	1,548,874
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total Cost	796,927	2,531,575
Total Unrealized Gain	12,027	15,606
Total Unrealized (Loss)	(1,659)	(80)
Total, Fair Value	807,295	2,547,101
Cash and Cash Equivalents	712,076	2,246,138
Investments	0	204,792
Restricted Cash & Investments	0	0
Other Assets	95,219	96,171
Level 1 \| Money market funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost	712,076	2,246,138
Debt securities, Unrealized Gain	0	0
Debt securities, Unrealized (Loss)	0	0
Debt securities, Fair Value	712,076	2,246,138
Cash and Cash Equivalents	712,076	2,246,138
Investments	0	0
Restricted Cash & Investments	0	0
Other Assets	0	0
Level 1 \| U.S. Treasury and agencies
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost		204,743
Debt securities, Unrealized Gain		96
Debt securities, Unrealized (Loss)		(47)
Debt securities, Fair Value		204,792
Cash and Cash Equivalents		0
Investments		204,792
Restricted Cash & Investments		0
Other Assets		0
Level 1 \| Mutual funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Trading securities, Cost	84,851	80,694
Trading securities, Unrealized Gain	12,027	15,510
Trading securities, Unrealized (Loss)	(1,659)	(33)
Trading securities, Fair Value	95,219	96,171
Cash and Cash Equivalents	0	0
Investments	0	0
Restricted Cash & Investments	0	0
Other Assets	95,219	96,171
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	0	0
Investments	135,731	1,106,080
Restricted Cash & Investments	0	0
Other Assets	0	0
Level 2 \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost	137,859	1,104,254
Debt securities, Unrealized Gain	0	2,346
Debt securities, Unrealized (Loss)	(2,128)	(520)
Debt securities, Fair Value	135,731	1,106,080
Level 2 \| Government-sponsored enterprises
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents		0
Investments		3,505
Restricted Cash & Investments		0
Other Assets		0
Level 2 \| Government-sponsored enterprises \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost		3,498
Debt securities, Unrealized Gain		7
Debt securities, Unrealized (Loss)		0
Debt securities, Fair Value		3,505
Level 2 \| Foreign government bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents		0
Investments		33,012
Restricted Cash & Investments		0
Other Assets		0
Level 2 \| Foreign government bonds \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost		32,995
Debt securities, Unrealized Gain		21
Debt securities, Unrealized (Loss)		(4)
Debt securities, Fair Value		33,012
Level 2 \| Corporate notes and bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	0	0
Investments	135,731	1,045,098
Restricted Cash & Investments	0	0
Other Assets	0	0
Level 2 \| Corporate notes and bonds \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost	137,859	1,043,308
Debt securities, Unrealized Gain	0	2,247
Debt securities, Unrealized (Loss)	(2,128)	(457)
Debt securities, Fair Value	$ 135,731	1,045,098
Level 2 \| Mortgage backed securities - residential
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents		0
Investments		5,677
Restricted Cash & Investments		0
Other Assets		0
Level 2 \| Mortgage backed securities - residential \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost		5,623
Debt securities, Unrealized Gain		54
Debt securities, Unrealized (Loss)		0
Debt securities, Fair Value		5,677
Level 2 \| Mortgage backed securities - commercial
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents		0
Investments		18,788
Restricted Cash & Investments		0
Other Assets		0
Level 2 \| Mortgage backed securities - commercial \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities, Cost		18,830
Debt securities, Unrealized Gain		17
Debt securities, Unrealized (Loss)		(59)
Debt securities, Fair Value		$ 18,788

Financial Instruments - Schedul

Financial Instruments - Schedule of Cash, Cash Equivalents, Short-Term Investments and Restricted Cash and Investments Unrealized Loss Positions (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Fair Value
Unrealized Losses Less than 12 Months	$ 173,500
Unrealized Losses 12 Months or Greater, Fair Value	1,701
Total	175,201
Gross Unrealized Loss
Unrealized Losses Less than 12 Months	(3,575)
Unrealized Losses 12 Months or Greater, Gross Unrealized Loss	212
Total, Gross Unrealized Loss	3,787
Mutual funds
Fair Value
Unrealized Losses Less than 12 Months, Fair Value	38,536
Unrealized Losses 12 Months or Greater, Fair Value	1,701
Total, Fair Value	40,237
Gross Unrealized Loss
Unrealized Losses Less than 12 Months, Gross Unrealized Loss	(1,447)
Unrealized Losses 12 Months or Greater, Gross Unrealized Loss	(212)
Total, Gross Unrealized Loss	(1,659)
Corporate notes and bonds
Fair Value
Unrealized Losses Less than 12 Months, Fair Value	134,964
Unrealized Losses 12 Months or Greater, Fair Value	0
Total, Fair Value	134,964
Gross Unrealized Loss
Unrealized Losses Less than 12 Months, Gross Unrealized Loss	(2,128)
Unrealized Losses 12 Months or Greater, Gross Unrealized Loss	0
Total, Gross Unrealized Loss	$ (2,128)

Financial Instruments - Sched_2

Financial Instruments - Schedule of Amortized Cost and Fair Value of Cash Equivalents, Short-Term Investments, and Restricted Cash and Investments with Contractual Maturities (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Cost
Due in one year or less	$ 2,829,420
Due after one year through five years	64,721
Debt securities, Cost	2,894,141
Fair Value
Due in one year or less	2,828,556
Due after one year through five years	63,457
Estimated fair value due, Total	$ 2,892,013

Financial Instruments - Sched_3

Financial Instruments - Schedule of Fair Value of Derivative Instruments (Details) - Forward contracts - Foreign exchange contracts $ in Thousands	Jun. 26, 2022 USD ($)
Designated for hedge accounting treatment \| Buy Contracts
Derivative [Line Items]
Notional Value	$ 306,211
Designated for hedge accounting treatment \| Sell Contracts
Derivative [Line Items]
Notional Value	541,999
Not designated for hedge accounting treatment \| Buy Contracts
Derivative [Line Items]
Notional Value	184,310
Not designated for hedge accounting treatment \| Sell Contracts
Derivative [Line Items]
Notional Value	$ 326,776

Financial Instruments - Sched_4

Financial Instruments - Schedule of Derivative Instruments Designated as Cash Flow Hedges in Statements of Operations Including Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021
Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in AOCI	$ 24,782	$ 26,458
Gain (Loss) Reclassified from AOCI into Income	26,965	4,295
Foreign exchange contracts \| Revenue
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in AOCI	57,058	17,614
Gain (Loss) Reclassified from AOCI into Income	45,057	868
Foreign exchange contracts \| Cost of goods sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in AOCI	(23,414)	3,756
Gain (Loss) Reclassified from AOCI into Income	(11,410)	3,659
Foreign exchange contracts \| R&D
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in AOCI	(1,948)	898
Gain (Loss) Reclassified from AOCI into Income	(10)	0
Foreign exchange contracts \| SG&A
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in AOCI	(6,914)	4,190
Gain (Loss) Reclassified from AOCI into Income	(2,434)	3,623
Foreign exchange contracts \| Other income (expense), net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in Income	14,362	7,057
Interest rate contracts \| Other income (expense), net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain Recognized in AOCI	0	0
Gain (Loss) Reclassified from AOCI into Income	$ (4,238)	$ (3,855)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 2,401,490	$ 1,519,456
Work-in-process	471,348	391,686
Finished goods	1,093,456	778,152
Total inventories	$ 3,966,294	$ 2,689,294

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment Net (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 3,045,759	$ 2,530,781
Less: accumulated depreciation and amortization	(1,440,325)	(1,271,356)
Property and equipment, net	1,605,434	1,259,425
Manufacturing and engineering equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,588,805	1,328,399
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,124,381	840,661
Computer and computer-related equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	177,198	181,781
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	70,642	95,259
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 84,733	$ 84,681

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Property, Plant and Equipment [Abstract]
Finance right-of-use assets	$ 42,153	$ 44,054
Depreciation expense	$ 248,200	$ 229,800	$ 198,800

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 1,515,113,000	$ 1,490,134,000
Tax deductible goodwill	62,000,000	61,100,000
Impairments of goodwill	0	0	$ 0
Intangible asset amortization expense	78,000,000	70,600,000	66,200,000
Intangible asset impairment	0	$ 0	$ 0
Capitalized costs not yet been placed into service	$ 17,800,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,477,997	$ 1,432,436
Accumulated Amortization	(1,376,147)	(1,300,071)
Net	101,850	132,365
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	633,252	630,303
Accumulated Amortization	(627,376)	(581,406)
Net	5,876	48,897
Existing technology
Finite-Lived Intangible Assets [Line Items]
Gross	676,924	669,359
Accumulated Amortization	(664,278)	(659,898)
Net	12,646	9,461
Patents and other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	167,821	132,774
Accumulated Amortization	(84,493)	(58,767)
Net	$ 83,328	$ 74,007

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Fiscal Year
2023	$ 36,726
2024	22,983
2025	12,882
2026	5,707
2027	3,343
Thereafter	2,402
Net	$ 84,043

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Payables and Accruals [Abstract]
Accrued compensation	$ 481,070	$ 552,925
Warranty reserves	232,248	176,030
Income and other taxes payable	465,601	348,206
Dividend payable	205,615	185,431
Other	589,738	456,891
Accrued expenses and other current liabilities	$ 1,974,272	$ 1,719,483

Long Term Debt and Other Borr_3

Long Term Debt and Other Borrowings - Schedule of Outstanding Debt (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020	May 05, 2020	Mar. 04, 2019	Mar. 12, 2015
Debt Instrument [Line Items]
Total debt outstanding, at par	$ 5,000,000
Total debt outstanding, at par	5,000,000	$ 5,000,000
Unamortized discount	(35,549)	(38,243)
Fair value adjustment - interest rate contracts	4,835	6,621
Unamortized bond issuance costs	(6,827)	(7,443)
Total debt outstanding, at carrying value	$ 4,962,459	4,960,935
Senior notes
Debt Instrument [Line Items]
Total debt outstanding, at par		800,000	$ 2,000,000
Senior notes \| 3.80% Notes due 2025
Debt Instrument [Line Items]
Interest rate percentage	3.80%					3.80%
Total debt outstanding, at par	$ 500,000	$ 500,000
Effective Interest Rate	3.87%	3.87%
Senior notes \| 3.75% Notes due 2026
Debt Instrument [Line Items]
Interest rate percentage	3.75%				3.75%
Total debt outstanding, at par	$ 750,000	$ 750,000
Effective Interest Rate	3.86%	3.86%
Senior notes \| 4.00% Notes due 2029
Debt Instrument [Line Items]
Interest rate percentage	4%				4%
Total debt outstanding, at par	$ 1,000,000	$ 1,000,000
Effective Interest Rate	4.09%	4.09%
Senior notes \| 1.90% Notes due 2030
Debt Instrument [Line Items]
Interest rate percentage	1.90%			1.90%
Total debt outstanding, at par	$ 750,000	$ 750,000
Effective Interest Rate	2.01%	2.01%
Senior notes \| 4.875% Notes due 2049
Debt Instrument [Line Items]
Interest rate percentage	4.875%				4.875%
Total debt outstanding, at par	$ 750,000	$ 750,000
Effective Interest Rate	4.93%	4.93%
Senior notes \| 2.875% Notes due 2050
Debt Instrument [Line Items]
Interest rate percentage	2.875%			2.875%
Total debt outstanding, at par	$ 750,000	$ 750,000
Effective Interest Rate	2.93%	2.93%
Senior notes \| 3.125% Notes due 2060
Debt Instrument [Line Items]
Interest rate percentage	3.125%			3.125%
Total debt outstanding, at par	$ 500,000	$ 500,000
Effective Interest Rate	3.18%	3.18%

Long Term Debt and Other Borr_4

Long Term Debt and Other Borrowings - Schedule of Contractual Cash Obligations (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Principal
2023	$ 0
2024	0
2025	500,000
2026	750,000
2027	0
Thereafter	3,750,000
Total	5,000,000
Interest
2023	175,125
2024	175,125
2025	175,125
2026	161,222
2027	128,000
Thereafter	1,914,214
Total	$ 2,728,811

Long Term Debt and Other Borr_5

Long Term Debt and Other Borrowings - Senior Notes Narrative (Details) - Senior notes - USD ($)	12 Months Ended
	Jun. 26, 2022	May 05, 2020	Mar. 04, 2019	Mar. 12, 2015
2030 Notes
Debt Instrument [Line Items]
Principal amount		$ 750,000,000
Interest rate percentage	1.90%	1.90%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%
2050 Notes
Debt Instrument [Line Items]
Principal amount		$ 750,000,000
Interest rate percentage	2.875%	2.875%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%
2060 Notes
Debt Instrument [Line Items]
Principal amount		$ 500,000,000
Interest rate percentage	3.125%	3.125%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%
2026 Notes
Debt Instrument [Line Items]
Principal amount			$ 750,000,000
Interest rate percentage	3.75%		3.75%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%
2029 Notes
Debt Instrument [Line Items]
Principal amount			$ 1,000,000,000
Interest rate percentage	4%		4%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%
2049 Notes
Debt Instrument [Line Items]
Principal amount			$ 750,000,000
Interest rate percentage	4.875%		4.875%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%
2025 Notes
Debt Instrument [Line Items]
Principal amount				$ 500,000,000
Interest rate percentage	3.80%			3.80%
Percentage of principal amount of debt redeemed	100%
Redemption percent	101%

Long Term Debt and Other Borr_6

Long Term Debt and Other Borrowings - Schedule of Additional Senior Notes Information (Details) $ in Thousands	12 Months Ended
	Jun. 26, 2022 USD ($)
2025 Notes
Debt Instrument [Line Items]
Remaining Amortization period	2 years 8 months 12 days
2026 Notes
Debt Instrument [Line Items]
Remaining Amortization period	3 years 8 months 12 days
2029 Notes
Debt Instrument [Line Items]
Remaining Amortization period	6 years 8 months 12 days
2030 Notes
Debt Instrument [Line Items]
Remaining Amortization period	8 years
2049 Notes
Debt Instrument [Line Items]
Remaining Amortization period	26 years 8 months 12 days
2050 Notes
Debt Instrument [Line Items]
Remaining Amortization period	28 years
2060 Notes
Debt Instrument [Line Items]
Remaining Amortization period	38 years
Level 2 \| 2025 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	$ 498,500
Level 2 \| 2026 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	745,103
Level 2 \| 2029 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	980,970
Level 2 \| 2030 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	632,693
Level 2 \| 2049 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	764,078
Level 2 \| 2050 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	546,735
Level 2 \| 2060 Notes
Debt Instrument [Line Items]
Fair Value of Notes (Level 2)	$ 360,625

Long Term Debt and Other Borr_7

Long Term Debt and Other Borrowings - Revolving Credit Facility Narrative (Details) - Revolving credit facility - USD ($)	Jun. 17, 2021	Jun. 26, 2022
Line of Credit Facility [Line Items]
Revolving unsecured credit facility	$ 1,500,000,000
Additional increase in the facility, available expansion	600,000,000
Revolving unsecured credit facility, available expansion	$ 2,100,000,000
Borrowings outstanding		$ 0
Federal Funds rate
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate (percent)	0.50%
One-month LIBOR
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate (percent)	1%
Minimum \| One-month LIBOR
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate (percent)	0%
Minimum \| LIBOR
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate (percent)	0.805%
Maximum \| One-month LIBOR
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate (percent)	0.30%
Maximum \| LIBOR
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate (percent)	1.30%

Long Term Debt and Other Borr_8

Long Term Debt and Other Borrowings - Commercial Paper Program (Details) - Commercial paper - USD ($)	Jun. 26, 2022	Jul. 31, 2021	Nov. 13, 2017
Short-term Debt [Line Items]
Revolving unsecured credit facility maximum borrowing capacity		$ 1,500,000,000	$ 1,250,000,000
Commercial paper	$ 0

Long Term Debt and Other Borr_9

Long Term Debt and Other Borrowings - Schedule of Recognized Interest Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Debt Disclosure [Abstract]
Contractual interest coupon	$ 175,128	$ 197,367	$ 169,483
Amortization of interest discount	2,767	3,934	4,280
Amortization of issuance costs	1,351	1,639	1,632
Effect of interest rate contracts, net	2,455	2,070	1,037
Total interest cost recognized	$ 181,701	$ 205,010	$ 176,432

Leases - Schedule of Other Oper

Leases - Schedule of Other Operating Cost and Expense, by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Financing lease cost:
Amortization of right-of-use assets	$ 7,439	$ 7,131	$ 3,613
Interest on lease liabilities	658	697	506
Total finance lease cost	8,097	7,828	4,119
Operating lease cost	69,250	51,519	46,101
Variable lease cost	$ 259,041	$ 219,040	$ 91,851

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$ 64,808	$ 63,895	$ 50,223
Financing cash flows paid for principal portion of finance leases	11,513	5,952	3,539
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	121,580	48,993	108,816
Finance leases	$ 13,868	$ 29,497	$ 3,019

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Operating leases
Other assets	$ 226,648	$ 173,784
Accrued expenses and other current liabilities	54,110	45,310
Other long-term liabilities	164,613	118,385
Total operating lease liabilities	$ 218,723	$ 163,695
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities
Finance Leases
Property and Equipment, net	$ 42,153	$ 44,054
Current portion of long-term debt and lease liabilities	7,381	11,349
Long-term debt and lease liabilities, less current portion	35,990	29,398
Total finance lease liabilities	$ 43,371	$ 40,747
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Current portion of long-term debt and finance lease obligations	Current portion of long-term debt and finance lease obligations
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt and finance lease obligations, less current portion	Long-term debt and finance lease obligations, less current portion

Leases - Weighted-Average Remai

Leases - Weighted-Average Remaining Lease Term and Discount Rate (Details)	Jun. 26, 2022	Jun. 27, 2021
Operating leases
Weighted-Average Remaining Lease Term	5 years 4 months 24 days	5 years 6 months
Weighted-Average Discount Rate	3.05%	2.30%
Finance leases
Weighted-Average Remaining Lease Term	6 years 4 months 24 days	5 years 3 months 18 days
Weighted-Average Discount Rate	2.01%	1.69%

Leases - Operating and Finance

Leases - Operating and Finance Lease Liability (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Operating Leases
2023	$ 58,785
2024	46,383
2025	34,910
2026	28,305
2027	21,643
Thereafter	50,754
Total lease payments	240,780
Less imputed interest	(22,057)
Total	218,723	$ 163,695
Finance Leases
2023	8,094
2024	7,861
2025	7,124
2026	7,165
2027	6,790
Thereafter	9,657
Total lease payments	46,691
Less imputed interest	(3,320)
Total finance lease liabilities	$ 43,371	$ 40,747

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021
Guarantor Obligations [Line Items]
Restricted cash and investments	$ 251,534	$ 252,487
California Facility Leases
Guarantor Obligations [Line Items]
Additional term	7 years
Cash collateral
Guarantor Obligations [Line Items]
Restricted cash and investments	$ 250,000	$ 250,000
California Facility Leases
Guarantor Obligations [Line Items]
Residual value of operating lease, maximum	$ 298,400

Retirement and Deferred Compe_2

Retirement and Deferred Compensation Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Retirement Benefits [Abstract]
Minimum employee 401K contribution (percent)	1%
Maximum employee 401K contribution (percent)	75%
Employer contribution matching (percent)	50%
Maximum employee contributions matched by the Company (percent)	6%
Defined benefit plan, contribution by employer	$ 32.6	$ 26.9	$ 23.6
Payment of benefits, duration after opening of a deferral subaccount or upon retirement (at least)	3 years
Deferred compensation plan maximum distribution period	20 years
Liabilities of Company to plan participants	$ 280	297.3
Assets correlated to the deferred compensation obligation	291.3	313.9
Defined benefit obligations	$ 31.2	$ 40.1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020	Jun. 30, 2019
Loss Contingencies [Line Items]
Liabilities related to uncertain tax benefits	$ 561,200
Transition tax	590,485			$ 868,400
Warranty reserves	256,258	$ 191,758	$ 129,197
Other long-term liabilities
Loss Contingencies [Line Items]
Warranty reserves	24,000
Letters of credit
Loss Contingencies [Line Items]
Maximum potential amount of future payments	$ 95,100

Commitments and Contingencies_2

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Payments Due by Fiscal Year:
2023	$ 1,121,362
2024	43,330
2025	43,330
2026	4,319
2027	4,319
Thereafter	1,293
Total	$ 1,217,953

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Transition Tax Liability (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
2023	$ 69,469
2024	130,254
2025	173,672
2026	217,090
Total	$ 590,485	$ 868,400

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Changes in Product Warranty Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021
Movement in Product Warranty Reserves
Balance at beginning of period	$ 191,758	$ 129,197
Warranties issued during the period	295,167	229,026
Settlements made during the period	(272,954)	(172,759)
Changes in liability for warranties issued during the period	14,951	0
Changes in liability for pre-existing warranties	27,336	6,294
Balance at end of period	$ 256,258	$ 191,758

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Details) $ / shares in Units, shares in Thousands				1 Months Ended		3 Months Ended				12 Months Ended
	Jun. 02, 2022 USD ($) financial_institution shares	Feb. 15, 2022 USD ($) financial_institution shares	Aug. 31, 2021 USD ($) financial_institution shares	May 31, 2022 USD ($) $ / shares shares	Jan. 31, 2022 $ / shares shares	Jun. 26, 2022 $ / shares shares	Mar. 27, 2022 $ / shares shares	Dec. 26, 2021 $ / shares shares	Sep. 26, 2021 $ / shares shares	Jun. 26, 2022 USD ($) shares
Equity, Class of Treasury Stock [Line Items]
Net shares of settlements to cover tax withholding obligations (shares) \| shares										253
Amount paid for shares under net share settlements \| $										$ 138,100,000
Stock repurchase program
Equity, Class of Treasury Stock [Line Items]
Increase in authorized amount \| $				$ 5,000,000,000
Purchase of treasury stock (shares) \| shares						1,912	2,007	677	1,725
Weighted-average share price (usd per share) \| $ / shares						$ 485.31	$ 609.61	$ 634.74	$ 608.98
June 2022 ARS
Equity, Class of Treasury Stock [Line Items]
Number of Financial Institutions \| financial_institution	2
Repurchase amount \| $	$ 500,000,000
Purchase of treasury stock (shares) \| shares	717
Percent of prepayment amount	75%
February 2021 ASR
Equity, Class of Treasury Stock [Line Items]
Number of Financial Institutions \| financial_institution		2
Repurchase amount \| $		$ 600,000,000
Purchase of treasury stock (shares) \| shares		758		438
Percent of prepayment amount		75%
Weighted-average share price (usd per share) \| $ / shares				$ 502.06
August 2021 ASR
Equity, Class of Treasury Stock [Line Items]
Number of Financial Institutions \| financial_institution			2
Repurchase amount \| $			$ 650,000,000
Purchase of treasury stock (shares) \| shares			806		265
Percent of prepayment amount			75%
Weighted-average share price (usd per share) \| $ / shares					$ 606.71

Stock Repurchase Program - Sche

Stock Repurchase Program - Schedule of Repurchases under Repurchase Program (Details) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended	3 Months Ended				12 Months Ended
	May 31, 2022	Jun. 26, 2022	Mar. 27, 2022	Dec. 26, 2021	Sep. 26, 2021	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Equity, Class of Treasury Stock [Line Items]
Total Cost of Repurchase						$ 3,845,704,000	$ 2,717,627,000	$ 1,369,702,000
Stock repurchase program
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Repurchased		1,912	2,007	677	1,725
Total Cost of Repurchase		$ 867,651,000	$ 1,200,206,000	$ 429,983,000	$ 1,209,744,000
Average Price Paid Per Share (usd per share)		$ 485.31	$ 609.61	$ 634.74	$ 608.98
Amount Available Under Repurchase Program	$ 6,382,287,000	$ 5,514,636,000	$ 1,382,287,000	$ 2,582,493,000	$ 3,012,476,000	$ 5,514,636,000	$ 4,222,220,000
Increase in authorized amount	$ 5,000,000,000

Comprehensive Income (Loss) - C

Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Change in Accumulated Other Comprehensive Loss
Beginning balance	$ 6,027,188	$ 5,172,494	$ 4,673,865
Other comprehensive (loss) income before reclassifications	(18,190)
(Gains) losses reclassified from accumulated other comprehensive income (loss) to net income	(27,664)
Other comprehensive income (loss), net of tax	(45,854)	30,083	(30,181)
Ending balance	6,278,366	6,027,188	5,172,494
Accumulated Foreign Currency Translation Adjustment
Change in Accumulated Other Comprehensive Loss
Beginning balance	(31,413)
Other comprehensive (loss) income before reclassifications	(50,342)
(Gains) losses reclassified from accumulated other comprehensive income (loss) to net income	0
Other comprehensive income (loss), net of tax	(50,342)
Ending balance	(81,755)	(31,413)
Accumulated Unrealized Gain or Loss on Cash Flow Hedges
Change in Accumulated Other Comprehensive Loss
Beginning balance	(14,125)
Other comprehensive (loss) income before reclassifications	30,849
(Gains) losses reclassified from accumulated other comprehensive income (loss) to net income	(29,054)
Other comprehensive income (loss), net of tax	1,795
Ending balance	(12,330)	(14,125)
Accumulated Unrealized Holding Gain or Loss on Available-For- Sale Investments
Change in Accumulated Other Comprehensive Loss
Beginning balance	1,611
Other comprehensive (loss) income before reclassifications	(4,638)
(Gains) losses reclassified from accumulated other comprehensive income (loss) to net income	1,390
Other comprehensive income (loss), net of tax	(3,248)
Ending balance	(1,637)	1,611
Accumulated Unrealized Components of Defined Benefit Plans
Change in Accumulated Other Comprehensive Loss
Beginning balance	(20,201)
Other comprehensive (loss) income before reclassifications	5,941
(Gains) losses reclassified from accumulated other comprehensive income (loss) to net income	0
Other comprehensive income (loss), net of tax	5,941
Ending balance	(14,260)	(20,201)
Total
Change in Accumulated Other Comprehensive Loss
Beginning balance	(64,128)	(94,211)	(64,030)
Other comprehensive income (loss), net of tax	(45,854)	30,083	(30,181)
Ending balance	$ (109,982)	$ (64,128)	$ (94,211)

Segment, Geographic Informati_3

Segment, Geographic Information and Major Customers - Additional Information (Details)	12 Months Ended
	Jun. 26, 2022 segment location	Jun. 27, 2021	Jun. 28, 2020
Segment Reporting [Abstract]
Number of reportable business segment \| segment	1
Number of geographic regions the company operates \| location	7
Revenue benchmark \| Customer concentration risk \| Customer 1
Segment Reporting Information [Line Items]
Concentration by percent	21%	25%	24%
Revenue benchmark \| Customer concentration risk \| Customer 2
Segment Reporting Information [Line Items]
Concentration by percent	12%	12%	14%
Revenue benchmark \| Customer concentration risk \| Customer 3
Segment Reporting Information [Line Items]
Concentration by percent	12%	10%	10%
Revenue benchmark \| Customer concentration risk \| Customer 4
Segment Reporting Information [Line Items]
Concentration by percent	11%		10%

Segment, Geographic Informati_4

Segment, Geographic Information and Major Customers - Revenues and Long Lived Assets by Geographic Region (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 28, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 17,227,039	$ 14,626,150	$ 10,044,736
Long-lived assets	1,874,235	1,477,263	1,246,082
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	5,411,502	5,137,886	3,083,916
Long-lived assets	7,214	9,301	8,720
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	4,037,467	3,924,685	2,391,257
Long-lived assets	183,809	62,502	49,943
Taiwan
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	2,936,482	2,117,999	1,906,223
Long-lived assets	72,845	47,279	11,555
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	1,624,573	1,363,907	954,743
Long-lived assets	8,406	13,149	11,826
Southeast Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	1,357,648	945,478	587,638
Long-lived assets	248,029	129,881	31,027
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	1,147,346	672,716	812,482
Long-lived assets	1,276,274	1,137,490	1,052,714
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	712,021	463,479	308,477
Long-lived assets	$ 77,658	$ 77,661	$ 80,297