Fair Value Measurements (Fair Value Measurements of Assets and Liabilities) (Details) (USD $) | Dec. 27, 2014 | Jun. 28, 2014 |
In Millions, unless otherwise specified |
Level 1 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Cash equivalents | $64 | [1] | $1.20 | [1] |
Total assets | 132.1 | | 98.5 | |
Total liability | 0 | | 0 | |
Level 1 | Time Deposits | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 1 | Government Securities | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 27.6 | [2] | 42 | [2] |
Level 1 | Government Securities | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 40.5 | [3] | 55.3 | [3] |
Level 1 | Corporate debt securities - U.S. | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 1 | Corporate debt securities - U.S. | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 1 | Corporate debt securities - non-U.S. | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 1 | Corporate debt securities - non-U.S. | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 1 | Asset backed securities | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 1 | Zero-Cost Collar Options | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Derivative assets | 0 | [4] | 0 | [4] |
Derivative liabilities | 0 | [4] | 0 | [4] |
Level 1 | Forward Contracts and Cross Currency Swaps | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Derivative assets | 0 | [4] | 0 | [4] |
Derivative liabilities | 0 | [4] | 0 | [4] |
Level 2 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Cash equivalents | 95.2 | [1] | 45.1 | [1] |
Total assets | 413.8 | | 425.5 | |
Total liability | 0 | | 0.9 | |
Level 2 | Time Deposits | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 75.1 | [2] |
Level 2 | Government Securities | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 2 | Government Securities | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 2 | Corporate debt securities - U.S. | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 78.1 | [2] | 25.4 | [2] |
Level 2 | Corporate debt securities - U.S. | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 97.1 | [3] | 144.9 | [3] |
Level 2 | Corporate debt securities - non-U.S. | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 54.8 | [2] | 34.6 | [2] |
Level 2 | Corporate debt securities - non-U.S. | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 77.3 | [3] | 98.8 | [3] |
Level 2 | Asset backed securities | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0.5 | [3] | 1.1 | [3] |
Level 2 | Zero-Cost Collar Options | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Derivative assets | 10.5 | [4] | 0.4 | [4] |
Derivative liabilities | 0 | [4] | 0.6 | [4] |
Level 2 | Forward Contracts and Cross Currency Swaps | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Derivative assets | 0.3 | [4] | 0.1 | [4] |
Derivative liabilities | 0 | [4] | 0.3 | [4] |
Level 3 | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Cash equivalents | 0 | [1] | 0 | [1] |
Total assets | 0 | | 0 | |
Total liability | 0 | | 0 | |
Level 3 | Time Deposits | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 3 | Government Securities | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 3 | Government Securities | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 3 | Corporate debt securities - U.S. | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 3 | Corporate debt securities - U.S. | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 3 | Corporate debt securities - non-U.S. | Short-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [2] | 0 | [2] |
Level 3 | Corporate debt securities - non-U.S. | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 3 | Asset backed securities | Long-term investments: | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Investments | 0 | [3] | 0 | [3] |
Level 3 | Zero-Cost Collar Options | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Derivative assets | 0 | [4] | 0 | [4] |
Derivative liabilities | 0 | [4] | 0 | [4] |
Level 3 | Forward Contracts and Cross Currency Swaps | | | | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | | | | |
Derivative assets | 0 | [4] | 0 | [4] |
Derivative liabilities | $0 | [4] | $0 | [4] |
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[1] | Cash equivalents consist of money market funds and time deposits with maturities of three months or less at the date of purchase. Due to their short term maturity, management believes that their carrying value approximates fair value. |
[2] | Short-term available-for-sale investments are recorded at fair value, which approximates their carrying value, and are primarily based upon quoted vendor or broker priced securities in active markets. Short-term held to maturity investments are recorded at amortized cost, which approximates fair value. |
[3] | Fair value is primarily determined using vendor or broker priced securities in active markets. These securities have maturity dates between calendar years 2015 and 2017. |
[4] | The fair value of these hedges is primarily based on the forward curves of the specific indices upon which settlement is based and includes an adjustment for the counterpartybs or Companybs credit risk. |