Linear Technology (LLTC) 10-K 25 Aug 16 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jul. 03, 2016	Jul. 29, 2016	Dec. 31, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	LINEAR TECHNOLOGY CORP /CA/
Entity Central Index Key	791,907
Current Fiscal Year End Date	--07-03
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Jul. 3, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 6,679,000,000
Entity Common Stock, Shares Outstanding		239,721,247

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Consolidated Statements Of Income [Abstract]
Revenues		$ 1,423,936	$ 1,475,139	$ 1,388,386
Cost of sales	[1]	343,801	355,727	338,580
Gross profit		1,080,135	1,119,412	1,049,806
Expenses:
Research and development	[1]	276,462	266,761	250,434
Selling, general and administrative	[1]	170,120	169,952	159,642
Total operating expenses		446,582	436,713	410,076
Operating income		633,553	682,699	639,730
Interest expense	[2]			(41,168)
Interest income and other income		5,896	2,690	2,706
Income before income taxes		639,449	685,389	601,268
Provision for income taxes		145,103	164,426	141,307
Net income		$ 494,346	$ 520,963	$ 459,961
Basic earnings per share		$ 2.02	$ 2.13	$ 1.91
Shares used in the calculation of basic earnings per share		244,662	244,408	240,498
Diluted earnings per share		$ 2.02	$ 2.12	$ 1.90
Shares used in the calculation of diluted earnings per share		245,048	245,218	242,551
Cash dividends per share		$ 1.24	$ 1.14	$ 1.06
[1]	Stock-based compensation Cost of sales $9,894, $8,966, $8,074 Research and development $45,923, $41,584, $37,624 Selling, general and administrative $23,625, $21,581, $19,430
[2]	Amortization of debt discount (non-cash interest expense) $0, $0, $18,458

Consolidated Statements Of Inc3

Consolidated Statements Of Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Amortization of debt discount (non-cash interest expense)			$ 18,458
Cost Of Sales [Member]
Stock-based compensation	$ 9,894	$ 8,966	8,074
Research And Development [Member]
Stock-based compensation	45,923	41,584	37,624
Selling, General And Administrative Expense [Member]
Stock-based compensation	$ 23,625	$ 21,581	$ 19,430

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 494,346	$ 520,963	$ 459,961
Other comprehensive income, net of tax:
Net changes in unrealized gains on available-for-sale securities	674	206	621
Total comprehensive income	$ 495,020	$ 521,169	$ 460,582

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Jul. 03, 2016	Jun. 28, 2015
Assets
Cash and cash equivalents		$ 263,682	$ 195,679
Marketable securities		1,184,593	1,007,043
Accounts receivable, net of allowances ($1,649 as of July 3, 2016 and $1,651 as of June 28, 2015)		157,460	179,264
Inventories:
Raw materials		9,915	10,668
Work-in-process		66,172	66,572
Finished goods		21,164	22,621
Total inventories		97,251	99,861
Deferred tax assets	[1]		48,493
Prepaid expenses and other current assets		51,744	54,412
Total current assets		1,754,730	1,584,752
Property, plant and equipment, at cost:
Land		28,834	28,837
Buildings and improvements		264,484	243,977
Manufacturing and test equipment		753,916	730,719
Office furniture and equipment		7,285	6,727
Gross property, plant and equipment		1,054,519	1,010,260
Accumulated depreciation and amortization		(768,653)	(722,518)
Net property, plant and equipment		285,866	287,742
Identified intangible assets, net and goodwill		9,385	11,585
Total noncurrent assets		295,251	299,327
Total assets		2,049,981	1,884,079
Liabilities and stockholders' equity
Accounts payable		17,465	17,608
Accrued payroll and related benefits		93,187	98,498
Deferred income on shipments to distributors		48,701	46,860
Income taxes payable		3,342	5,822
Other accrued liabilities		17,271	14,130
Total current liabilities		179,966	182,918
Deferred tax liabilities		68,388	85,612
Other long-term liabilities		42,452	37,622
Total liabilities		290,806	306,152
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 2,000 shares authorized; none issued or outstanding
Common stock, $0.001 par value, 2,000,000 shares authorized; 239,654 shares issued and outstanding (239,751 as of June 28, 2015)		240	240
Additional paid-in capital		2,136,910	2,052,250
Accumulated other comprehensive income, net of tax		1,235	561
Accumulated deficit		(379,210)	(475,124)
Total stockholders' equity		1,759,175	1,577,927
Total liabilities and stockholders' equity		$ 2,049,981	$ 1,884,079
[1]	The FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes", which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current. During the fourth quarter of fiscal year 2016 the standard was early adopted on a prospective basis. Adoption of this ASU resulted in a reclassification of $49.0 million of current deferred tax assets to net non-current deferred tax liabilities in the Consolidated Balance Sheet as of July 3, 2016. No prior periods were retrospectively adjusted.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 03, 2016	Jun. 28, 2015
Current assets:
Allowance for doubtful accounts	$ 1,649	$ 1,651
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	239,654,000	239,751,000
Common stock, shares outstanding (in shares)	239,654,000	239,751,000
Deferred tax liabilities	$ 68,388	$ 85,612
Accounting Standards Update 201517 [Member]
Stockholders' equity:
Deferred tax liabilities	$ 49,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Cash flow from operating activities:
Net income	$ 494,346	$ 520,963	$ 459,961
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	51,409	54,098	51,255
Stock-based compensation	79,442	72,131	65,128
Amortization of convertible senior notes discount			18,458
Excess tax benefit from stock-based compensation	(7,997)	(15,190)	(11,038)
Change in operating assets and liabilities:
Accounts receivable	21,804	(5,924)	(28,066)
Inventories	2,610	(8,551)	(4,081)
Prepaid expenses, other current assets and deferred tax assets	10,758	(3,816)	1,464
Accounts payable, accrued payroll, other accrued liabilities and noncurrent liabilities	(2,281)	(1,496)	21,038
Deferred income on shipments to distributors	1,841	1,241	1,531
Income taxes payable	33,125	(14,537)	20,777
Cash provided by operating activities	685,057	598,919	596,427
Cash flow from investing activities:
Purchase of marketable securities	(1,433,303)	(886,222)	(1,496,652)
Proceeds from sales and maturities of available-for-sale securities	1,256,796	734,961	2,039,216
Purchase of property, plant and equipment	(47,333)	(62,560)	(37,669)
Cash (used in) provided by investing activities	(223,840)	(213,821)	504,895
Cash flow from financing activities:
Extinguishment of Convertible Senior Notes			(845,087)
Excess tax benefit from stock-based compensation	7,997	15,190	11,038
Issuance of common stock under employee stock plans	21,934	40,712	100,491
Purchase of common stock	(119,787)	(124,240)	(81,786)
Payment of cash dividends	(303,358)	(278,404)	(255,305)
Cash used in financing activities	(393,214)	(346,742)	(1,070,649)
Increase in cash and cash equivalents	68,003	38,356	30,673
Cash and cash equivalents, beginning of year	195,679	157,323	126,650
Cash and cash equivalents, end of year	263,682	195,679	157,323
Supplemental disclosures of cash flow information:
Cash paid for income taxes	$ 89,749	$ 186,920	119,797
Cash paid for interest expense			$ 21,127

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders’ Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]	Total
Common Stock, Shares, Outstanding, Beginning Balance at Jun. 30, 2013	233,025,000
Common Stock, Value, Outstanding, Beginning Balance at Jun. 30, 2013	$ 233	$ 1,736,496	$ (266)	$ (754,555)	$ 981,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for cash under employee stock option, restricted stock and stock purchase plans, shares	5,059,000
Issuance of common stock for cash under employee stock option, restricted stock and stock purchase plans, value	$ 5	100,483			100,488
Excess tax benefits from stock-based compensation		11,038			$ 11,038
Purchase and retirement of common stock, shares	(1,896,000)				(1,896,000)
Purchase and retirement of common stock, value	$ (2)	(14,691)		(67,093)	$ (81,786)
Release of deferred tax liabilities as a result of the conversion of Convertible Senior Notes		49,313			49,313
Shares issued as conversion premium for the conversion of Convertible Senior Notes, shares	2,908,000
Shares issued as conversion premium for the conversion of Convertible Senior Notes, value	$ 3				3
Cash dividends				(255,305)	(255,305)
Stock-based compensation		65,128			65,128
Other comprehensive income, net of taxes			621		621
Net income				459,961	459,961
Common Stock, Shares, Outstanding, Ending Balance at Jun. 29, 2014	239,096,000
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 29, 2014	$ 239	1,947,767	355	(616,992)	1,331,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for cash under employee stock option, restricted stock and stock purchase plans, shares	3,502,000
Issuance of common stock for cash under employee stock option, restricted stock and stock purchase plans, value	$ 4	40,708			40,712
Excess tax benefits from stock-based compensation		15,190			$ 15,190
Purchase and retirement of common stock, shares	(2,847,000)				(2,847,000)
Purchase and retirement of common stock, value	$ (3)	(23,546)		(100,691)	$ (124,240)
Cash dividends				(278,404)	(278,404)
Stock-based compensation		72,131			72,131
Other comprehensive income, net of taxes			206		206
Net income				520,963	$ 520,963
Common Stock, Shares, Outstanding, Ending Balance at Jun. 28, 2015	239,751,000				239,751,000
Stockholders' Equity Attributable to Parent, Ending Balance at Jun. 28, 2015	$ 240	2,052,250	561	(475,124)	$ 1,577,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock for cash under employee stock option, restricted stock and stock purchase plans, shares	2,762,000
Issuance of common stock for cash under employee stock option, restricted stock and stock purchase plans, value	$ 3	21,931			21,934
Excess tax benefits from stock-based compensation		7,997			$ 7,997
Purchase and retirement of common stock, shares	(2,859,000)				(2,860,000)
Purchase and retirement of common stock, value	$ (3)	(24,710)		(95,074)	$ (119,787)
Cash dividends				(303,358)	(303,358)
Stock-based compensation		79,442			79,442
Other comprehensive income, net of taxes			674		674
Net income				494,346	$ 494,346
Common Stock, Shares, Outstanding, Ending Balance at Jul. 03, 2016	239,654,000				239,654,000
Stockholders' Equity Attributable to Parent, Ending Balance at Jul. 03, 2016	$ 240	$ 2,136,910	$ 1,235	$ (379,210)	$ 1,759,175

Consolidated Statements Of Sto9

Consolidated Statements Of Stockholders’ Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Jul. 03, 2016	Apr. 03, 2016	Jan. 03, 2016	Sep. 27, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 28, 2014	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Consolidated Statements Of Stockholders' Equity [Abstract]
Cash dividends per share	$ 0.32	$ 0.32	$ 0.30	$ 0.30	$ 0.30	$ 0.30	$ 0.27	$ 0.27	$ 1.24	$ 1.14	$ 1.06

Description Of Business And Sig

Description Of Business And Significant Accounting Policies	12 Months Ended
	Jul. 03, 2016
Description Of Business And Significant Accounting Policies [Abstract]
Description Of Business And Significant Accounting Policies	Note 1. Description of Business and Significant Accounting Policies  Description of Business  Linear Technology Corporation (together with its consolidated subsidiaries, “ Linear, ” “ Linear Technology ” or the “ Company ” ), a member of the S&P 500, has been designing, manufacturing and marketing a broad line of high performance analog integrated circuits for major companies worldwide for over three decades. The Company’s products provide an essential bridge between our analog world and the digital electronics in communications, networking, industrial, transportation , computer, medical, instrumentation, consumer, and military and aerospace systems. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, µModule ® subsystems, and wireless sensor network products. The Company is a Delaware corporation; it was originally organized and incorporated in California in 1981. Basis of Presentation  The Company operates on a 52/53-week fiscal year ending on the Sunday nearest June 30. Fiscal years 2015 and 2014 were 52-week years. Fiscal year 2016 is a 53-week fiscal year, with the additional week falling in the second quarter.  The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries after elimination of all significant inter-company accounts and transactions. Accounts denominated in foreign currencies have been remeasured using the U.S. dollar as the functional currency.  The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates.  Pending Acquisition by Analog Devices, Inc.  On July 26, 2016, the Company announced that it had entered into a definitive merger agreement (the “Analog Merger Agreement”) with Analog Devices, Inc. (“Analog Devices”), under which a wholly owned subsidiary of Analog Devices will merge with and into the Company, and the Company will survive as a wholly owned subsidiary of Analog Devices (the “Analog Acquisition”). Under the terms of the Analog Merger Agreement, Linear Technology stockholders who do not exercise their appraisal rights under Delaware law will have the right to receive, for each Linear Technology share held by such stockholders , $46.00 in cash (the “Cash Consideration”) and 0.2321 shares of Analog Devices common stock, par value $0.16 2/3 per share (the “Stock Consideration,” and together with the Cash Consideration, the “Merger Consideration”) (with the ratio of Stock Consideration to Cash Consideration to be adjusted pursuant to the terms of the Analog Merger Agreement so that the aggregate number of shares issued by Analog Devices as Stock Consideration will not exceed 19.9% of the total outstanding common stock of Analog Devices prior to the Analog Acquisition). Each of the Company’s equity awards that were outstanding as of July 22, 2016 and are unvested as of the closing will be converted into the right to receive the Merger Consideration in respect of each share of the Company’s common stock underlying such award when such award vests. Each of the Company’s other equity awards that were granted after July 22, 2016 and are unvested as of the closing will be converted into the right to receive 0.9947 shares of Analog Devices common stock in respect of each share of the Company’s common stock underlying such award when such award vests. The Analog Merger Agreement includes representations, warranties and covenants, including break-up fees payable or receivable under certain circumstances if the transaction fails to close.  The transaction has been approved by both the Company’s Board of Directors and the board of directors of Analog Devices, and the completion of the Analog Acquisition is subject to customary closing conditions including, among others, the approval of Linear Technology’s stockholders and various regulatory approvals. The transaction is expected to close during the first half of calendar 2017. For additional information on the Analog Merger Agreement and the Analog Acquisition, please refer to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 29, 2016. The Company cannot guarantee that the Analog Acquisition will be completed or that, if completed, it will be exactly on the terms set forth in the Analog Merger Agreement.  Cash Equivalents and Marketable Securities  Cash equivalents are highly liquid investments purchased with original maturities of three months or less at the time of purchase. Cash equivalents consist of investment grade securities in commercial paper, bank certificates of deposit, and money market funds.  Investments with maturities over three months at the time of purchase are classified as marketable securities. At July 3, 2016 and June 28, 2015 , the Company’s marketable securities balance consisted primarily of debt securities in municipal bonds, corporate bonds, commercial paper, U.S. and foreign government and agency securities. The Company’s marketable securities are managed by outside professional managers within investment guidelines set by the Company. The Company’s investment guidelines generally restrict the professional managers to high quality debt instruments with a credit rating of AAA. Within the Company’s investment policy there is a provision that allows the Company to hold AA+ securities under certain circumstances. The Company’s investments in debt securities are classified as available-for-sale. Investments in available-for-sale securities are reported at fair value with unrealized gains and losses, net of tax, as a component of “ Accumulated other comprehensive income (loss) , net of tax” in the Consolidated Balance Sheets. The Company classifies investments with maturities greater than twelve months as current as it considers all investments as a potential source of operating cash regardless of maturity date. The cost of securities matured or sold is based on the specific identification method.  Accounts Receivable  The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on the aging of its accounts receivable, historical experience, known troubled accounts, management judgment and other currently available evidence. The Company writes off accounts receivable against the allowance when it determines a balance is uncollectible and no longer actively pursues collection of the receivable.  Concentrations of Credit Risk  Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, marketable securities, and accounts receivable. The Company’s investment policy restricts investments to high credit quality investments with maturities of three years or less and limits the amount invested with any one issuer.  Accounts receivable from significant customers, those representing 10% or mor e of total accounts receivable included approximately 42% of the a ccounts receivable balance from the Company’s largest distributor, Arrow, as of July 3, 2016, and 36% as of June 28, 2015. Concentrations of credit risk with respect to accounts receivable are generally not significant due to the diversity of the Company’s customers, customer end-markets, and customer geographical locations. The Company performs ongoing credit evaluations of its customers’ financial condition and requires collateral, primarily letters of credit, as deemed necessary.  The Company’s assets, liabilities and cash flows are predominantly U.S. dollar denominated, including those of its foreign operations. However, the Company’s foreign subsidiaries have certain assets, liabilities and cash flows that are subject to foreign currency risk. For the three years ended July 3, 2016 , the Company did not utilize derivative instruments to hedge foreign currency risk or for any other purpose. Gains and losses resulting from foreign currency fluctuations are recognized in income.  Inventories  The Company values inventories at the lower of cost or market on a first-in, first-out basis. The Company records charges to write-down inventories for unsalable, excess or obsolete raw materials, work-in-process and finished goods. Newly introduced parts are generally not valued until success in the market place has been determined by a consistent pattern of sales and backlog among other factors. In addition to write-downs based on newly introduced parts, judgmental assessments are calculated for the remaining inventory based on salability, obsolescence, historical experience and current business conditions.  Property, Plant and Equipment  Property, plant and equipment is stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets, which is generally 5 - 10 years for equipment and 10 - 30 years for buildings. Leasehold improvements are amortized over the shorter of the asset’s useful life or the expected term of the lease. Depreciation expense for fiscal years 2016 , 2015 , and 2014 was $49.2 million, $51.9 million and $49.1 million, respectively.  Goodwill  Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible and intangible assets acquired. The Company tests goodwill for impairment at the reporting unit level annually , or earlier if indicators of potential impairment exist. Based on a qualitative assessment, the Company determines if the fair value of a reporting unit is more likely than not to be less than its carrying amount. If potential impairment indicators exist, the Company utilizes a two-step quantitative analysis to complete the impairment test. The first step of the impairment test involves comparing the fair values of the applicable reporting units with their aggregate carrying value using the income approach methodology of valuation. The second step, if necessary, compares the implied fair value of the goodwill with the carrying value of that goodwill. No goodwill impairment charges have been recorded for any of the periods presented.  Intangible Assets  Intangible assets represent acquired intellectual property and customer relationships and are subject to an annual impairment test. Intangible assets are amortized over their estimated useful lives of 5 to 10 years using the straight-line method of amortization.  Impairment of Long-Lived Assets  Long-lived assets consist of property, plant, and equipment and intangible assets. Long-lived assets by geographic area were as follows, net of accumulated depreciation:    July 3, June 30,  In thousands 2016 2015  United States $ 183,507 $ 189,248  Malaysia 47,481 51,356  Singapore 63,967 58,375  Other 296 348  Total long-lived assets $ 295,251 $ 299,327  Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable or that the useful life is shorter than originally estimated .  Advertising Expense  The Company expenses advertising costs in the period in which they occur. Advertising expenses for fiscal years 2016 , 2015 , and 2014 were approximately $5.2 million, $5.9 million and $5.5 million, respectively.  Revenue Recognition  The Company recognizes revenues when the earnings process is complete, when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection is reasonably assured. The Company recognized approximately 15% of net revenues in fiscal year 2016 from North American (“domestic”) distributors. Domestic distributor revenues are recognized under agreements which provide for certain sales price rebates and limited product return privileges. Given the uncertainties associated with the levels of pricing rebates, the ultimate sales price on domestic distributor sales transactions is not fixed or determinable until domestic distributors sell the merchandise to the end-customer. Domestic distributor agreements permit the following: price protection on certain domestic distribution inventory if the Company lowers the prices of its products; exchanges up to 5% of certain purchases on a quarterly basis; and ship and debit transactions. Ship and debit transactions occur when the Company agrees to accept a lower selling price for a specific quantity of product at the request of the domestic distributor in order to complete a sales transaction in the domestic distributor channel. For such sales, the Company rebates the negotiated price decrease to the distributor upon shipment as a reduction in the accounts receivable from the distributor.  At the time of shipment to domestic distributors, the Company records a trade receivable and deferred revenue at the distributor’s purchase price since there is a legally enforceable obligation from the distributor to pay for the products delivered. The Company relieves inventory as title has passed to the distributor and recognizes deferred cost of sales in the same amount. “Deferred income on shipments to distributors” represents the difference between deferred revenue and deferred costs of sales and is recognized as a current liability until such time as the distributor confirms a final sale to its end customer. “Deferred income on shipments to distributors” effectively represents the deferred gross margin on the sale to the distributor; however, the actual amount of gross margin the Company ultimately recognizes in future periods may be less than the originally recorded amount as a result of price protection, negotiated price rebates and exchanges as mentioned above. The wide range and variability of negotiated price rebates granted to distributors does not allow the Company to accurately estimate the portion of the balance in the “Deferred income on shipments to distributors” that will be remitted back to the distributors. During fiscal years 2016 and 2015 , these price rebates that have been remitted back to distributors have ranged from $3.5 million to $4.4 million per quarter. The Company does not reduce deferred income by anticipated future price rebates. Instead, price rebates are recorded against “Deferred income on shipments to distributors” when incurred, which is generally at the time the distributor sells the product to the end customers.  The Company’s sales to international distributors are made under agreements which permit limited stock return privileges but not sales price rebates. The agreements generally permit distributors to exchange up to 5% of purchases on a semi-annual basis. Revenue on international distributor sales is recognized upon shipment at which time title passes. The Company estimates international distributor returns based on historical data and current business expectations and defers a portion of international distributor revenues and costs based on these estimated returns.  Product Warranty and Indemnification  The Company’s warranty policy provides for the replacement of defective parts. In certain large contracts, the Company has agreed to negotiate in good faith a product warranty in the event that an epidemic failure of its parts was to take place. To date there have been no significant occurrences of epidemic failure. Warranty expense historically has been immaterial.  The Company provides a limited indemnification for certain customers against intellectual property infringement claims related to the Company’s products. In certain cases, there are limits on and exceptions to the Company’s potential liability for indemnification relating to intellectual property infringement claims. To date, the Company has not incurred any significant indemnification expenses relating to intellectual property infringement claims. The Company cannot estimate the amount of potential future payments, if any, which the Company might be required to make as a result of these agreements, and accordingly, the Company has not accrued any amounts for its indemnification obligations.  Stock-Based Compensation  The Company has equity incentive plans, which are described more fully in “ Note 2: Stock-Based Compensation .” Stock-based compensation is measured at the grant date, based on the fair value of the award. The Company’s equity awards granted in fiscal years 2016, 2015, and 2014 were restricted stock awards. Stock-based compensation cost for restricted stock awards is based on the fair market value of the Company’s stock on the date of grant. Stock-based compensation cost for stock options is calculated on the date of grant using the fair value of stock options as determined using the Black-Scholes valuation model. The Black-Scholes valuation model requires the Company to estimate key assumptions such as expected option term and stock price volatility to determine the fair value of a stock option. The estimate of these key assumptions is based on historical information and judgment regarding market factors and trends. The Company amortizes restricted stock and stock option award compensation cost straight-line over the awards vesting period, which is generally 5 years.  Income Taxes  The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes liabilities for uncertain tax positions based on the two-step process prescribed in the authoritative accounting literature. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. See Note 10 for further information related to income taxes .  Earnings Per Share  Basic earnings per share is calculated using the weighted average shares of common stock and unvested restricted stock outstanding during the period. Diluted earnings per share is calculated using the weighted average shares of common stock outstanding and unvested restricted stock awards, plus the dilutive effect of stock options and restricted stock units calculated using the treasury stock method, and prior to fiscal year 2015, the dilutive effect of the conversion premium related to the Convertible Senior Notes. The following table sets forth the reconciliation of weighted average common shares outstanding used in the computation of basic and diluted earnings per share:     In thousands, except per share amounts July 3, June 28, June 29,  2016 2015 2014  Net income $ 494,346 $ 520,963 $ 459,961  Basic shares:  Weighted-average shares outstanding – Basic 244,662 244,408 240,498  Basic earnings per share $ 2.02 $ 2.13 $ 1.91  Diluted shares:  Dilutive effect of equity plans 386 810 1,173  Dilutive effect of the conversion premium — — 880  Weighted-average shares outstanding – Diluted 245,048 245,218 242,551  Diluted earnings per share $ 2.02 $ 2.12 $ 1.90  Comprehensive Income  Comprehensive income consists of net income and other comprehensive income or loss. Other comprehensive income or loss components include unrealized gains or losses on available-for-sale securities, net of tax.  Segment Reporting  The Company competes in a single operating segment, and as a result, no segment information has been disclosed outside of geographical information. Disclosures about products and services, and major customers are included above in Note 1. Export sales by geographic area in fiscal years 2016 , 2015 , and 2014 were as follows:     July 3, June 28, June 29,  In thousands 2016 2015 2014  Europe $ 280,479 $ 291,988 $ 267,219  Japan 203,981 229,110 222,792  Rest of the world 543,513 545,828 520,322  Total export sales $ 1,027,973 $ 1,066,926 $ 1,010,333  Adoption of New and Recently Issued Accounting Pronouncements  In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 Revenue from Contracts with Customers (Topic 606). On July 9, 2015, the FASB agreed to delay the effective date by one year from the first quarter of fiscal year 2018. In accordance with the agreed upon delay, the new standard is effective for the Company beginning in the first quarter of fiscal year 2019. Early adoption is permitted, but not before the original effective date of the standard. The core principle of ASU No. 2014-09 is that a company should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU No. 2014-09 provides for one of the two methods of transition: retrospective application to each prior period presented; or recognition of the cumulative effect of retrospective application of the new standard in the period of initial application. The Company is currently evaluating the impact of ASU No. 2014-09 on its consolidated financial statements and which transition method to elect. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Each reporting period, management is required to assess whether there is substantial doubt about an entity’s ability to continue as a going concern and if so to provide related footnote disclosures. The new guidance is effective for annual and interim periods ending after December 15, 2016. Early adoption is permitted. This ASU is not expected to have an impact on the Company’s financial statements or disclosures.  In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory. The new guidance changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. The new guidance is effective for annual and interim periods ending after December 15, 2016. Early adoption is permitted. The Company intends to implement this guidance beginning in fiscal year 2017. This ASU is not expected to have a material impact on the Company’s financial statements or disclosures. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. All deferred tax assets and liabilities, along with any related valuation allowance, will be classified as noncurrent on the balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance is effective for annual and interim periods ending after December 15, 2016. Early adoption is permitted and may be applied either prospectively or retrospectively. The Company adopted this update in the fourth quarter of fiscal year 2016 on a prospective basis. Prior reporting periods were not retrospectively adjusted. The adoption of this guidance had no impact on our Consolidated Statements of Income. See Note 10 of Notes to Consolidated Financial Statements.  In February 2016, the FASB issued ASU 2016-02, Leases. This standard requires entities that lease assets, with a lease term of more than 12 months, to recognize lease assets and lease liabilities on the balance sheet. Under existing guidance, operating leases are not recorded as lease assets and lease liabilities on the balance sheet. The standard is effective for fiscal years and the interim periods within those fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the timing and effects of adoption of this ASU on the consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting. This standard will impact how to account for certain aspects of share-based payments to employees. The standard is effective for fiscal years and the interim periods within those fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the timing and effects of adoption of this ASU on the consolidated financial statements.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jul. 03, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 2. Stock-Based Compensation  Equity Incentive Plans The Company currently has a 2010 Equity Incentive Plan, under which the Company may grant Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares and Performance Units. Prior to its expiration in July 2015, the Company also had a 2005 Equity Incentive Plan, under which it could grant similar awards. Under the plans, the Company may grant awards to employees, executive officers, directors and consultants who provide services to the Company. To date, the Company has only granted Nonstatutory Stock Options, Restricted Stock and Restricted Stock Units. At July 3, 2016 , 14.9 million shares were available for grant under the plans. The Company’s restricted awards generally vest annually over a period of five years ( 20% a year) based upon continued employment with the Company. Options vest over a five -year period (generally 10% every six months) based upon continued employment. Options expire seven years after the date of the grant. The Company’s last stock option grant to an employee was in January 2009. There were no outstanding options as of July 3, 2016.  The Company has an Employee Stock Purchase Plan ( “ ESPP ” ) that permits eligible employees to purchase common stock through payroll deductions at 85% of the fair market value of the common stock at the end of each six-month offering period. The offering periods generally commence on approximately May 1 and November 1 of each year. At July 3, 2016 , 2.2 million shares were available for issuance under the ESPP.  The following is a brief description of each of the Company’s equity incentive plans:  2010 Equity Incentive Plan. The 2010 Equity Incentive Plan enables the Company to issue Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performances Shares and Performance Units. Under the 2010 Equity Incentive Plan, the Company may grant awards to employees, executive officers, directors and consultants who provide services to the Company.  2005 Equity Incentive Plan. The 2005 Equity Incentive Plan expired in July 2015. Prior to its expiration, the plan enabled the Company to issue Incentive Stock Options, Nonstatutory Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Performances Shares and Performance Units. Under the 2005 Equity Incentive Plan, the Company could grant awards to employees, executive officers, directors and consultants who provided services to the Company.  2005 Employee Stock Purchase Plan. The 2005 Employee Stock Purchase Plan provides employees of the Company with an opportunity to purchase common stock of the Company through accumulated payroll deductions. The maximum number of shares that may be issued to any one participant in any six -month offering period under the ESPP is currently 300 shares.  As of July 3, 2016 there was approximately $202.2 million of total unrecognized stock-based compensation cost related to share-based payments granted under the Company’s stock-based compensation plans that will be recognized over a period of approximately five years. Future grants will add to this total, whereas quarterly amortization and the vesting of the existing grants will reduce this total.  The Company issues new shares of common stock upon exercise of stock options. For the fiscal year ended July 3, 2016 , 0.5 million stock options were exercised for a gain (aggregate intrinsic value) of $9.8 million determined as of the date of option exercise.  Stock Options  The following table summarizes the stock option activity and related information under all stock option plans:      Weighted  Average  Stock Options Exercise  Outstanding Price  Outstanding options, June 30, 2013 6,736,330 $ 31.51  Granted — —  Forfeited and expired (1,915,375) 41.19  Exercised (3,010,856) 30.44  Outstanding options, June 29, 2014 1,810,099 $ 23.05  Granted — —  Forfeited and expired — —  Exercised (1,328,337) 23.17  Outstanding options, June 28, 2015 481,762 $ 22.75  Granted — —  Forfeited and expired — —  Exercised (481,762) 22.75  Outstanding options, July 3, 2016 — $ —  Options vested and exercisable at:  June 29, 2014 1,809,099 23.05  June 28, 2015 481,762 22.75  Restricted Awards  The following table summarizes the Company’s restricted stock and restricted stock unit activity under all equity award plans:     Weighted-  Restricted Awards Average Grant-  Outstanding Date Fair Value  Non-vested at June 30, 2013 5,668,273 $ 31.54  Granted 2,367,730 43.49  Vested (1,789,488) 30.37  Forfeited (129,428) 33.36  Non-vested at June 29, 2014 6,117,087 $ 36.46  Granted 2,495,074 44.71  Vested (1,903,091) 34.63  Forfeited (127,306) 36.70  Non-vested at June 28, 2015 6,581,764 $ 40.13  Granted 1,917,351 42.92  Vested (1,995,323) 37.67  Forfeited (210,684) 39.64  Non-vested at July 3, 2016 6,293,108 $ 41.36

Fair Value

Fair Value	12 Months Ended
	Jul. 03, 2016
Fair Value [Abstract]
Fair Value	Note 3. Fair Value  The Company has determined that the only assets and liabilities in the Company’s financial statements that are required to be measured at fair value on a recurring basis are the Company’s investment portfolio assets. Financial instruments are categorized in a fair value hierarchy that prioritizes the information used to develop assumptions for measuring fair value and expands disclosures about fair value measurements. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 input); then to quoted prices (in non-active markets or in active markets for similar assets or liabilities), inputs other than quoted prices that are observable for the asset or liability, and inputs that are not directly observable, but that are corroborated by observable market data for the asset or liability (Level 2 input); then the lowest priority to unobservable inputs, for example, the Company’s data about the assumptions that market participants would use in pricing an asset or liability (Level 3 input). Fair value is a market-based measurement, not an entity-specific measurement, and a fair value measurement should therefore be based on the assumptions that market participants would use in pricing the asset or liability.  The Company’s Level 1 assets consist of investments in money-market funds and United States Treasury securities that are actively traded . The Company’s Level 2 assets consist of municipal bonds, obligations of U.S. government-sponsored enterprises, corporate debt and commercial paper that are less actively traded in the market, but where quoted market prices exist for similar instruments that are actively traded. The Company determines the fair value of its Level 2 assets by obtaining non-binding market prices from its third-party portfolio managers on the last day of the quarter. The Company had no Level 3 assets in fiscal years 2016 and 2015 .  The following table presents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of July 3, 2016 :     In thousands Quoted Prices in Significant  Active Markets Other  for Identical Observable  Instruments Inputs  Description (Level 1) (Level 2) Total  Assets  Investments in U.S. Treasury securities and money-market funds $ 513,193 $ — $ 513,193  Investments in municipal bonds, obligations of U.S. government-sponsored enterprises and commercial paper — 832,438 832,438  Total assets measured at fair value $ 513,193 $ 832,438 $ 1,345,631  The following table presents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of June 28, 2015 :     In thousands Quoted Prices in Significant  Active Markets Other  for Identical Observable  Instruments Inputs  Description (Level 1) (Level 2) Total  Assets  Investments in U.S. Treasury securities and money-market funds $ 427,800 $ — $ 427,800  Investments in municipal bonds, obligations of U.S. government-sponsored enterprises and commercial paper — 677,899 677,899  Total assets measured at fair value $ 427,800 $ 677,899 $ 1,105,699

Marketable Securities

Marketable Securities	12 Months Ended
	Jul. 03, 2016
Marketable Securities [Abstract]
Marketable Securities	Note 4. Marketable Securities  The following is a summary of cash equivalents and marketable securities at July 3, 2016 :     July 3, 2016  In thousands Amortized Unrealized Unrealized  Cost Gain (Loss) (1) Fair Value  U.S. Treasury securities $ 441,925 $ 783 $ (5) $ 442,703  Obligations of U.S. government-sponsored enterprises 316,368 855 — 317,223  Municipal bonds 119,680 158 (10) 119,828  Corporate debt securities and other 395,254 143 (10) 395,387  Money market funds 70,490 — — 70,490  Total $ 1,343,717 $ 1,939 $ (25) $ 1,345,631  Amounts included in:  Cash equivalents $ 161,028 $ 10 $ — $ 161,038  Marketable securities 1,182,689 1,929 (25) 1,184,593  Total $ 1,343,717 $ 1,939 $ (25) $ 1,345,631   The following is a summary of cash equivalents and marketable securities at June 28, 2015:     June 28, 2015   Amortized Unrealized Unrealized  In thousands Cost Gain (Loss) (1) Fair Value  U.S. Treasury securities $ 364,925 $ 618 $ (6) $ 365,537  Obligations of U.S. government-sponsored enterprises 258,519 299 (1) 258,817  Municipal bonds 138,419 26 (80) 138,365  Corporate debt securities and other 280,699 21 (3) 280,717  Money market funds 62,263 — — 62,263  Total $ 1,104,825 $ 964 $ (90) $ 1,105,699  Amounts included in:  Cash equivalents $ 98,657 $ — $ (1) $ 98,656  Marketable securities 1,006,168 964 (89) 1,007,043  Total $ 1,104,825 $ 964 $ (90) $ 1,105,699  (1) The Company evaluated the nature of the investments with a loss position at July 3, 2016 and June 28, 2015 , which are primarily obligations of the U.S. government and its sponsored enterprises, municipal bonds and U.S. corporate notes. In evaluating the investments, the Company considered the duration of the impairments, and the amount of the impairments relative to the underlying portfolio and concluded that such amounts were not other-than-temporary. The Company principally holds securities until maturity, however, they may be sold under certain circumstances. Unrealized losses on the investments greater than twelve months old were not significant as of July 3, 2016 and June 28, 2015 . The estimated fair value of investments in marketable securities by effective maturity date, is as follows:     July 3, June 28,  In thousands 2016 2015  Due in one year or less $ 943,323 $ 605,726  Due after one year through five years 241,270 401,317  Total marketable securities $ 1,184,593 $ 1,007,043

Goodwill And Intangible Assets

Goodwill And Intangible Assets	12 Months Ended
	Jul. 03, 2016
Goodwill And Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets  On December 20, 2011, the Company acquired 100% of the outstanding stock of privately held Dust Networks ( “ Dust ” ) of Hayward, California, a provider of low power wireless sensor network technology. As a result of the acquisition the Company recorded goodwill and intangible assets during fiscal year 2012.  Goodwill  The goodwill balance of $2.2 million at July 3, 2016 is attributable to the acquisition of Dust. There were no changes to the goodwill balance for the year ended July 3, 2016 . The Company annually evaluates goodwill for impairment as well as whenever events or changes in circumstances might suggest that the carrying value of goodwill may not be recoverable. The Company expects that none of the goodwill will be deductible for tax purposes.  Intangible Assets  Attributable to the acquisition of Dust the Company recorded intangible assets of $13.1 million for intellectual property and $4.0 million for customer relationships. The Company reviews intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable. Finite-intangible assets are amortized on a straight-line basis over their estimated useful lives that is expected to reflect the estimated pattern of economic use.  The remaining amortization expense, related to finite-lived intangible assets, will be recognized over a weighted-average period of approximately 5.2 years. The useful lives of amortizable intangible assets are as follows:  Intangible assets consisted of the following:      In thousands July 3, 2016 June 28, 2015  Gross Net Gross Net  Carrying Accumulated Carrying Carrying Accumulated Carrying  Amount Amortization Amount Amount Amortization Amount  Intellectual property $ 13,100 $ (8,100) $ 5,000 $ 13,100 $ (6,300) $ 6,800  Customer relationships 4,000 (1,800) 2,200 4,000 (1,400) 2,600  Total intangible assets $ 17,100 $ (9,900) $ 7,200 $ 17,100 $ (7,700) $ 9,400  Amortization expense associated with intangible assets for fiscal year 2016 , 2015 , and 2014 was $2.2 million, $2.2 million and $2.2 million, respectively. Amortization expense for intangible assets is estimated to be $1.7 million in fiscal year 2017, $1.2 million in fiscal year 2018, $1.2 million in fiscal year 2019, $1.2 million in fiscal year 2020, $1.2 million in fiscal year 2021 and $0.6 million thereafter.

Convertible Senior Notes

Convertible Senior Notes	12 Months Ended
	Jul. 03, 2016
Convertible Senior Notes [Abstract]
Convertible Senior Notes	Note 6. Convertible Senior Notes  During the fourth quarter of fiscal year 2007, the Company issued $1.7 billion aggregate principal amount of Convertible Senior Notes (the “ Notes ” ). The Notes paid cash interest ranging from 3.00% to 3.125% semiannually. The Company used the entire net proceeds of the offering to fund a portion of its repurchase of $3.0 billion of its common stock pursuant to an accelerated stock repurchase transaction.  On May 1, 2014 the Company executed the conversion of the outstanding principal amount of the Notes totaling $845.1 million. Based upon the conversion price of $40.68 per share, each $1,000 principal amount of the Notes was converted at a rate of 24.582 shares of the Company’s common stock. As a result of the conversion, holders of the Notes received the principal amount of $845.1 million in cash and the remaining conversion premium was settled in shares of the Company’s common stock totaling approximately 2.9 million shares. There was no gain or loss recognized as a result of the conversion.  Prior to the conversion, interest expense related to the Notes included in interest expense on the condensed consolidated state ments of income for fiscal year 2014 was as follows:     In thousands June 29,  2014  Contractual coupon interest $ 21,127  Amortization of debt discount 18,458  Amortization of debt issuance costs 1,583  Total interest expense related to the Notes $ 41,168

Credit Facility

Credit Facility	12 Months Ended
	Jul. 03, 2016
Credit Facility [Abstract]
Credit Facility	Note 7. Credit Facility  On October 23, 2013, the Company entered into a credit agreement (the “ Credit Agreement ” ) with Wells Fargo Bank, National Association (the “ Bank ” ). On July 27, 2015, the Credit Agreement was amended to extend the maturity date and increase the size of the line of credit. The Company entered into the Credit Agreement to enhance cash deployment flexibility.  As amended, the Credit Agreement provides for a $150.0 million unsecured revolving line of credit, under which the Company may borrow, repay and reborrow loans from time to time prior to its scheduled maturity date of July 27, 2017 (the “ Maturity Date ” ). Proceeds of loans made under the Credit Agreement may be used for working capital and other general corporate purposes of the Company and its subsidiaries. The Company may prepay the loans under the Credit Agreement in whole or in part at any time without premium or penalty, subject to customary breakage costs.  The loans bear interest at LIBOR plus 1.0% . Any then-outstanding principal amount, together with all accrued and unpaid interest, is due and payable on the Maturity Date.  The Company is required to maintain with the Bank average account balances, calculated on a quarterly basis, of not less than $30.0 million. The Company must also maintain EBITDA of not less than $75.0 million measured quarterly, and, in order to take certain actions such as payments of dividends, must also maintain a balance of $500.0 million of cash and cash equivalents and marketable securities on a worldwide consolidated basis. The Credit Agreement contains other customary affirmative and negative covenants, as well as customary events of default . In addition, the Company’s ability to borrow under the Credit Agreement or other means of obtaining capital may be restricted by the terms of the Analog Merger Agreement. To date, the Company has not utilized the Credit Agreement a nd was in compliance with the covenants under this credit facility.  Pursuant to the terms of the Linear Merger Agreement, the Company’s ability to borrow under the Credit Agreement cannot exceed $75 million without Analog Devices’ consent. As such, t he Company’s ability to borrow under the Credit Agreement or other means of obtaining capital may be restricted by the terms of the Analog Merger Agreement. 

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jul. 03, 2016
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 8. Stockholders’ Equity  Stock Repurchase  On October 16, 2012, the Company’s Board of Directors authorized the Company to repurchase up to 10.0 million shares of its outstanding common stock in the open market over a two -year time period. As this stock repurchase expired after the two-year time period, on October 14, 2014, the Company’s Board of Directors authorized the Company to repurchase up to 10.0 million shares of its outstanding common stock in the open market over a two -year time period. For the majority of restricted stock awards and units granted, the number of shares issued on the date the restricted stock awards and units vest is net of the minimum statutory tax withholding requirements that the Company pays in cash to the appropriate taxing authorities on behalf of its employees. The table below includes these withheld shares because they are treated as common stock repurchases in the Company’s financial statements, as they reduce the number of shares that would have been issued upon vesting. In addition, the table below includes open market repurchases.  Shares repurchased in fiscal years 2016 , 2015 and 2014 are as follows:      In thousands July 3, June 28, June 29,  2016 2015 2014  Number of shares of common stock repurchased 2,860 2,847 1,896  Total cost of repurchase $ 119,787 $ 124,240 $ 81,786  The Analog Merger Agreement restricts the ability of the Company to repurchase shares of its common stock until the time that the transaction is consummated or the Analog Merger Agreement is terminated.  Dividends  A cash dividend of $0.32 per share will be paid on August 24, 2016 to stockholders of record on August 12, 2016 . During fiscal year 2016 , the Company paid $303.4 million in dividends representing $1.24 per share. The payment of future dividends will be based on quarterly financial performance.

Retirement Plan

Retirement Plan	12 Months Ended
	Jul. 03, 2016
Retirement Plan [Abstract]
Retirement Plan	Note 9. Retirement Plan  The Company has established a 401(k) retirement plan for its qualified U.S. employees. Under the plan, participating employees may defer up to 25% of their pre-tax earnings, subject to the Internal Revenue Service annual contribution limits. The Company contributes to qualified U.S. employees’ 401(k) accounts as part of the Company’s semi-annual profit sharing payouts. Contributions made by the Company within the fiscal year to this plan were approximately $11.7 million, $11.7 million and $9.7 million in fiscal years 2016 , 2015 , and 2014 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 03, 2016
Income Taxes [Abstract]
Income Taxes	Note 10. Income Taxes  The components of income before income taxes for fiscal years 2016 , 2015 , and 2014 are as follows:      In thousands July 3, June 28, June 29,  2016 2015 2014  United States operations $ 431,266 $ 406,579 $ 364,275  Foreign operations 208,183 278,810 236,993  $ 639,449 $ 685,389 $ 601,268  The provision for income taxes for fiscal years 2016 , 2015 , and 2014 consists of the following:      In thousands July 3, June 28, June 29,  2016 2015 2014  United States federal:  Current $ 106,564 $ 142,630 $ 153,396  Deferred 30,403 14,819 (11,706)  136,967 157,449 141,690  State:  Current 1,665 1,910 (4,207)  Deferred 17 229 (392)  1,682 2,139 (4,599)  Foreign:  Current 5,604 4,584 3,986  Deferred 850 254 230  6,454 4,838 4,216  $ 145,103 $ 164,426 $ 141,307  The provision for income taxes reconciles to the amount computed by applying the statutory U.S. Federal rate at 35% to income before income taxes for fiscal years 2016 , 2015 , and 2014 as follows:      In thousands July 3, June 28, June 29,  2016 2015 2014  Tax at U.S. statutory rate $ 223,807 $ 239,886 $ 210,443  State income taxes, net of federal benefit 1,266 1,131 (2,989)  Earnings of foreign subsidiaries subject to lower rates (52,440) (54,965) (49,149)  Domestic manufacturing deduction (13,604) (14,043) (13,342)  Research and development credit (18,212) (12,813) (6,378)  Other 4,286 5,230 2,722  $ 145,103 $ 164,426 $ 141,307  The tax benefits attributable to equity-based compensation transactions that were applied to additional paid-in capital were $8.0 million, $15.2 million and 11.0 million, for fiscal years 2016 , 2015 , and 2014 , respectively.  Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities recorded in the balance sheet as of July 3, 2016 and June 28, 2015 are as follows:      In thousands July 3, June 28,  2016 2015  Deferred tax assets:  Loss carryforwards $ 4,190 $ 5,071  Credit carryforwards 20,716 18,659  Inventory valuation 6,301 17,267  Deferred income on shipments to distributors 17,270 16,623  Stock-based compensation 10,605 10,897  Accrued compensation and benefits 8,664 8,307  Other 2,015 2,501  Valuation allowance (20,716) (18,659)  Total deferred tax assets 49,045 60,666  Deferred tax liabilities:  Depreciation and amortization $ 7,782 $ 6,256  Unremitted earnings of subsidiaries 105,517 89,688  Other 4,134 1,841  Total deferred tax liabilities 117,433 97,785  Net deferred tax liabilities $ (68,388) $ (37,119)  The Company has a gross state tax credit carryforward that does not expire of $35.4 million. The Company provided a full valuation allowance on the state credit carryforwards which are not likely to be utilized.  As of July 3, 2016, the Company has gross federal and s tate net operating loss carryforwards of $11.8 million and $11.8 million, respectively. The federal and state net operating loss carryforwards will expire at various dates from 2017 through 2030. The net operati ng loss carryforwards are subject to an annual limitation as a result of the acquisition of Dust Networks by the Company, which constitutes a change of ownership as defined under Internal Revenue Code Section 382.  The Company is subject to examination by the United States federal tax authorities for the tax years 2013 and later. State income tax returns are generally subject to examination for a period of three to five years after filing of the respective return. Foreign income tax examination period varies from jurisdiction to jurisdiction. Singapore has a statute of limitations of four years. The Company is not currently under any signi ficant tax returns examination.  The FASB issued ASU 2015-17, “ Balance Sheet Classification of Deferred Taxes ,” which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current. During the fourth quarter of fiscal year 2016 the standard was early adopted on a prospective basis. Adoption of this ASU resulted in a reclassification of $49.0 million of current deferred tax assets to net non-current deferred tax liabilities in the Consolidated Balance Sheet as of July 3, 2016. No prior periods were retrospectively adjusted.  The Company has a partial tax holiday in Singapore and Malaysia whereby the local statutory rate is significantly reduced, if certain conditions are met. The tax holiday for Singapore is effective through August 2019 and the tax holiday fo r Malaysia is effective through July 2025 .  The impact of the Singapore and Malaysia tax holidays was to increase net income by approximately $24.4 million, or $0.10 per diluted share, in fiscal year 2016 , $25.6 million, or $0.10 per diluted share, in fiscal year 2015 , and $22.6 million, or $0.09 per diluted share, in fiscal year 2014 . The Company does not provide a residual U.S. tax on a portion of the undistributed earnings of its Singapore and Malaysian subsidiaries, as it is the Company’s intention to permanently invest these earnings overseas. Should these earnings be remitted to the U.S. parent then the additional U.S. taxable income would be approximately $1,149.0 million.  At July 3, 2016 , the Company had $ 36.8 million of unrecognized tax benefits, of which $14.5 million if recognized, would favorably impact the effective income tax rate in future periods.  The Company’s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. Income tax expense for fiscal year 2016 includes accrued interest on unrecognized tax benefits totaling $0.8 million. At July 3, 2016 , the total amount of interest on unrecognized tax benefits wa s $2.0 million. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:     In thousands Unrecognized  Tax Benefits  Balance at June 29, 2014 $ 29,443  Net additions for current year tax positions 6,534  Net additions for prior year tax positions 1,173  Lapse in statute of limitations (7,534)  Balance at June 28, 2015 29,616  Net additions for current year tax positions 6,608  Net additions for prior year tax positions 8,048  Lapse in statute of limitations (7,486)  Balance at July 3, 2016 $ 36,786  The Company estimates that it is reasonably possible that the liability for gross unrecognized tax benefits could decrease up to $6.5 million within the next 12 months. These changes could occur as a result of expiration of various statutes of limitations.  During fiscal year 2016 the Company had $3.6 million of discrete tax benefits that positively impacted the effect ive tax rate, related to the reversal of estimated tax liabilities for uncertain tax positions as a result of the expiration of open tax years.  During fiscal year 2015 the Company had $2.7 million of discrete tax benefits that positively impacted the effect ive tax rate, related to the reversal of estimated tax liabilities for uncertain tax positions as a result of the expiration of open tax years.

Commitments And Contingencies

Commitments And Contingencies	12 Months Ended
	Jul. 03, 2016
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 11. Commitments and Contingencies  Contractual Obligations  The Company leases certain of its facilities under operating leases, some of which have options to extend the lease period. In addition, the Company has entered into long-term land leases for the sites of its Singapore and Malaysia manufacturing facilities. Total rent expense was $4.0 million, $3.9 million, and $3.7 million in fiscal years 2016 , 2015 , and 2014 , respectively.  The following is a schedule of future minimum rental payments required under long-term operating leases at July 3, 2016 :      Operating  Fiscal Years Leases  2017 $ 3,557  2018 2,471  2019 2,024  2020 1,437  2021 1,227  Thereafter 2,147  Total $ 12,863  Under the Analog Merger Agreement, the Company has agreed to pay a termination fee of $490 million to Analog Devices if the Analog Merger Agreement is terminated under certain circumstances, including termination by the Company to enter into a superior alternative transaction or following an adverse recommendation change of the Company’s Board of Directors .  Litigation  The Company is subject to various legal proceedings and claims that arise in the ordinary course of business on a wide range of matters, including, among others, patent suits and employment claims. The Company does not believe that any such current suits will have a material impact on its business or financial condition. However, current lawsuits and any future lawsuits will divert resources and could result in the payment of substantial damages.

Quarterly Information

Quarterly Information	12 Months Ended
	Jul. 03, 2016
Quarterly Information [Abstract]
Quarterly Information	Note 12. Quarterly Information (Unaudited)  The following table sets forth our unaudited consolidated financial results, for the last eight fiscal quarters:     In thousands, except per share amounts July 3, April 3, January 3, September 27,  Quarter Ended Fiscal Year 20 16 2016 2016 2016 2015  Revenues $ 373,766 $ 361,125 $ 347,128 $ 341,917  Gross profit 285,514 275,165 262,744 256,712  Net income 132,375 128,392 121,532 112,047  Basic earnings per share 0.54 0.53 0.50 0.46  Diluted earnings per share 0.54 0.52 0.50 0.46  Cash dividends per share 0.32 0.32 0.30 0.30  Stock price range per share:  High 47.79 44.68 45.24 43.18  Low 43.57 38.13 37.48 36.60      In thousands, except per share amounts June 28, March 29, December 28, September 28,  Quarter Ended Fiscal Year 2015 2015 2015 2014 2014  Revenues $ 379,483 $ 372,021 $ 352,575 $ 371,060  Gross profit 288,636 282,874 265,849 282,053  Net income 132,715 135,187 123,602 129,459  Basic earnings per share 0.54 0.55 0.51 0.53  Diluted earnings per share 0.54 0.55 0.51 0.53  Cash dividends per share 0.30 0.30 0.27 0.27  Stock price range per share:  High 48.04 49.23 46.52 46.83  Low 45.13 43.49 37.95 42.43  The stock activity in the above table is based on the high and low closing prices. These prices represent quotations between dealers without adjustment for retail markups, markdowns or commissions, and may not represent actual transactions. The Company’s common stock is traded on the NASDAQ Global Market under the symbol LLTC.  At July 3, 2 016 there were approximately 1,658 stockholders of record.

Valuation And Qualifying Accoun

Valuation And Qualifying Accounts	12 Months Ended
	Jul. 03, 2016
Valuation and Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	2. Schedules  VALUATION AND QUALIFYING ACCOUNTS ( in thousands)      Additions  Balance at Charged to Balance at  Beginning Costs and End of  of Period Expenses Deductions Period  Allowance for doubtful accounts:  June 29, 2014 $ 1,891 $ — $ 238 $ 1,653  June 28, 2015 1,653 — 2 1,651  July 3, 2016 1,651 — 2 1,649  Schedules other than the schedule listed above have been omitted since they are either not required or the information is included elsewhere.

Description of Business and S23

Description of Business and Significant Accounting Policies (Policy)	12 Months Ended
	Jul. 03, 2016
Description Of Business And Significant Accounting Policies [Abstract]
Description of Business	Description of Business  Linear Technology Corporation (together with its consolidated subsidiaries, “ Linear, ” “ Linear Technology ” or the “ Company ” ), a member of the S&P 500, has been designing, manufacturing and marketing a broad line of high performance analog integrated circuits for major companies worldwide for over three decades. The Company’s products provide an essential bridge between our analog world and the digital electronics in communications, networking, industrial, transportation , computer, medical, instrumentation, consumer, and military and aerospace systems. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, µModule ® subsystems, and wireless sensor network products. The Company is a Delaware corporation; it was originally organized and incorporated in California in 1981.
Basis of Presentation	Basis of Presentation  The Company operates on a 52/53-week fiscal year ending on the Sunday nearest June 30. Fiscal years 2015 and 2014 were 52-week years. Fiscal year 2016 is a 53-week fiscal year, with the additional week falling in the second quarter.  The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries after elimination of all significant inter-company accounts and transactions. Accounts denominated in foreign currencies have been remeasured using the U.S. dollar as the functional currency.  The preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United States requires management to make estimates and judgments that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ materially from those estimates. 
Pending Acquisition by Analog Devices, Inc.	Pending Acquisition by Analog Devices, Inc.  On July 26, 2016, the Company announced that it had entered into a definitive merger agreement (the “Analog Merger Agreement”) with Analog Devices, Inc. (“Analog Devices”), under which a wholly owned subsidiary of Analog Devices will merge with and into the Company, and the Company will survive as a wholly owned subsidiary of Analog Devices (the “Analog Acquisition”). Under the terms of the Analog Merger Agreement, Linear Technology stockholders who do not exercise their appraisal rights under Delaware law will have the right to receive, for each Linear Technology share held by such stockholders , $46.00 in cash (the “Cash Consideration”) and 0.2321 shares of Analog Devices common stock, par value $0.16 2/3 per share (the “Stock Consideration,” and together with the Cash Consideration, the “Merger Consideration”) (with the ratio of Stock Consideration to Cash Consideration to be adjusted pursuant to the terms of the Analog Merger Agreement so that the aggregate number of shares issued by Analog Devices as Stock Consideration will not exceed 19.9% of the total outstanding common stock of Analog Devices prior to the Analog Acquisition). Each of the Company’s equity awards that were outstanding as of July 22, 2016 and are unvested as of the closing will be converted into the right to receive the Merger Consideration in respect of each share of the Company’s common stock underlying such award when such award vests. Each of the Company’s other equity awards that were granted after July 22, 2016 and are unvested as of the closing will be converted into the right to receive 0.9947 shares of Analog Devices common stock in respect of each share of the Company’s common stock underlying such award when such award vests. The Analog Merger Agreement includes representations, warranties and covenants, including break-up fees payable or receivable under certain circumstances if the transaction fails to close.  The transaction has been approved by both the Company’s Board of Directors and the board of directors of Analog Devices, and the completion of the Analog Acquisition is subject to customary closing conditions including, among others, the approval of Linear Technology’s stockholders and various regulatory approvals. The transaction is expected to close during the first half of calendar 2017. For additional information on the Analog Merger Agreement and the Analog Acquisition, please refer to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 29, 2016. The Company cannot guarantee that the Analog Acquisition will be completed or that, if completed, it will be exactly on the terms set forth in the Analog Merger Agreement.
Cash Equivalents and Marketable Securities	Cash Equivalents and Marketable Securities  Cash equivalents are highly liquid investments purchased with original maturities of three months or less at the time of purchase. Cash equivalents consist of investment grade securities in commercial paper, bank certificates of deposit, and money market funds.  Investments with maturities over three months at the time of purchase are classified as marketable securities. At July 3, 2016 and June 28, 2015 , the Company’s marketable securities balance consisted primarily of debt securities in municipal bonds, corporate bonds, commercial paper, U.S. and foreign government and agency securities. The Company’s marketable securities are managed by outside professional managers within investment guidelines set by the Company. The Company’s investment guidelines generally restrict the professional managers to high quality debt instruments with a credit rating of AAA. Within the Company’s investment policy there is a provision that allows the Company to hold AA+ securities under certain circumstances. The Company’s investments in debt securities are classified as available-for-sale. Investments in available-for-sale securities are reported at fair value with unrealized gains and losses, net of tax, as a component of “ Accumulated other comprehensive income (loss) , net of tax” in the Consolidated Balance Sheets. The Company classifies investments with maturities greater than twelve months as current as it considers all investments as a potential source of operating cash regardless of maturity date. The cost of securities matured or sold is based on the specific identification method.
Accounts Receivable	Accounts Receivable  The allowance for doubtful accounts reflects the Company’s best estimate of probable losses inherent in the accounts receivable balance. The Company determines the allowance based on the aging of its accounts receivable, historical experience, known troubled accounts, management judgment and other currently available evidence. The Company writes off accounts receivable against the allowance when it determines a balance is uncollectible and no longer actively pursues collection of the receivable.
Concentrations of Credit Risk	Concentrations of Credit Risk  Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, marketable securities, and accounts receivable. The Company’s investment policy restricts investments to high credit quality investments with maturities of three years or less and limits the amount invested with any one issuer.  Accounts receivable from significant customers, those representing 10% or mor e of total accounts receivable included approximately 42% of the a ccounts receivable balance from the Company’s largest distributor, Arrow, as of July 3, 2016, and 36% as of June 28, 2015. Concentrations of credit risk with respect to accounts receivable are generally not significant due to the diversity of the Company’s customers, customer end-markets, and customer geographical locations. The Company performs ongoing credit evaluations of its customers’ financial condition and requires collateral, primarily letters of credit, as deemed necessary.  The Company’s assets, liabilities and cash flows are predominantly U.S. dollar denominated, including those of its foreign operations. However, the Company’s foreign subsidiaries have certain assets, liabilities and cash flows that are subject to foreign currency risk. For the three years ended July 3, 2016 , the Company did not utilize derivative instruments to hedge foreign currency risk or for any other purpose. Gains and losses resulting from foreign currency fluctuations are recognized in income.
Inventories	Inventories  The Company values inventories at the lower of cost or market on a first-in, first-out basis. The Company records charges to write-down inventories for unsalable, excess or obsolete raw materials, work-in-process and finished goods. Newly introduced parts are generally not valued until success in the market place has been determined by a consistent pattern of sales and backlog among other factors. In addition to write-downs based on newly introduced parts, judgmental assessments are calculated for the remaining inventory based on salability, obsolescence, historical experience and current business conditions.
Property, Plant and Equipment	Property, Plant and Equipment  Property, plant and equipment is stated at cost and depreciated using the straight-line method over the estimated useful lives of the assets, which is generally 5 - 10 years for equipment and 10 - 30 years for buildings. Leasehold improvements are amortized over the shorter of the asset’s useful life or the expected term of the lease. Depreciation expense for fiscal years 2016 , 2015 , and 2014 was $49.2 million, $51.9 million and $49.1 million, respectively. 
Goodwill	Goodwill  Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible and intangible assets acquired. The Company tests goodwill for impairment at the reporting unit level annually , or earlier if indicators of potential impairment exist. Based on a qualitative assessment, the Company determines if the fair value of a reporting unit is more likely than not to be less than its carrying amount. If potential impairment indicators exist, the Company utilizes a two-step quantitative analysis to complete the impairment test. The first step of the impairment test involves comparing the fair values of the applicable reporting units with their aggregate carrying value using the income approach methodology of valuation. The second step, if necessary, compares the implied fair value of the goodwill with the carrying value of that goodwill. No goodwill impairment charges have been recorded for any of the periods presented. 
Intangible Assets	Intangible Assets  Intangible assets represent acquired intellectual property and customer relationships and are subject to an annual impairment test. Intangible assets are amortized over their estimated useful lives of 5 to 10 years using the straight-line method of amortization.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets  Long-lived assets consist of property, plant, and equipment and intangible assets. Long-lived assets by geographic area were as follows, net of accumulated depreciation:    July 3, June 30,  In thousands 2016 2015  United States $ 183,507 $ 189,248  Malaysia 47,481 51,356  Singapore 63,967 58,375  Other 296 348  Total long-lived assets $ 295,251 $ 299,327  Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable or that the useful life is shorter than originally estimated .
Advertising Expense	Advertising Expense  The Company expenses advertising costs in the period in which they occur. Advertising expenses for fiscal years 2016 , 2015 , and 2014 were approximately $5.2 million, $5.9 million and $5.5 million, respectively.
Revenue Recognition	Revenue Recognition  The Company recognizes revenues when the earnings process is complete, when persuasive evidence of an arrangement exists, the product has been delivered, the price is fixed and determinable and collection is reasonably assured. The Company recognized approximately 15% of net revenues in fiscal year 2016 from North American (“domestic”) distributors. Domestic distributor revenues are recognized under agreements which provide for certain sales price rebates and limited product return privileges. Given the uncertainties associated with the levels of pricing rebates, the ultimate sales price on domestic distributor sales transactions is not fixed or determinable until domestic distributors sell the merchandise to the end-customer. Domestic distributor agreements permit the following: price protection on certain domestic distribution inventory if the Company lowers the prices of its products; exchanges up to 5% of certain purchases on a quarterly basis; and ship and debit transactions. Ship and debit transactions occur when the Company agrees to accept a lower selling price for a specific quantity of product at the request of the domestic distributor in order to complete a sales transaction in the domestic distributor channel. For such sales, the Company rebates the negotiated price decrease to the distributor upon shipment as a reduction in the accounts receivable from the distributor.  At the time of shipment to domestic distributors, the Company records a trade receivable and deferred revenue at the distributor’s purchase price since there is a legally enforceable obligation from the distributor to pay for the products delivered. The Company relieves inventory as title has passed to the distributor and recognizes deferred cost of sales in the same amount. “Deferred income on shipments to distributors” represents the difference between deferred revenue and deferred costs of sales and is recognized as a current liability until such time as the distributor confirms a final sale to its end customer. “Deferred income on shipments to distributors” effectively represents the deferred gross margin on the sale to the distributor; however, the actual amount of gross margin the Company ultimately recognizes in future periods may be less than the originally recorded amount as a result of price protection, negotiated price rebates and exchanges as mentioned above. The wide range and variability of negotiated price rebates granted to distributors does not allow the Company to accurately estimate the portion of the balance in the “Deferred income on shipments to distributors” that will be remitted back to the distributors. During fiscal years 2016 and 2015 , these price rebates that have been remitted back to distributors have ranged from $3.5 million to $4.4 million per quarter. The Company does not reduce deferred income by anticipated future price rebates. Instead, price rebates are recorded against “Deferred income on shipments to distributors” when incurred, which is generally at the time the distributor sells the product to the end customers.  The Company’s sales to international distributors are made under agreements which permit limited stock return privileges but not sales price rebates. The agreements generally permit distributors to exchange up to 5% of purchases on a semi-annual basis. Revenue on international distributor sales is recognized upon shipment at which time title passes. The Company estimates international distributor returns based on historical data and current business expectations and defers a portion of international distributor revenues and costs based on these estimated returns.
Product Warranty and Indemnification	Product Warranty and Indemnification  The Company’s warranty policy provides for the replacement of defective parts. In certain large contracts, the Company has agreed to negotiate in good faith a product warranty in the event that an epidemic failure of its parts was to take place. To date there have been no significant occurrences of epidemic failure. Warranty expense historically has been immaterial.  The Company provides a limited indemnification for certain customers against intellectual property infringement claims related to the Company’s products. In certain cases, there are limits on and exceptions to the Company’s potential liability for indemnification relating to intellectual property infringement claims. To date, the Company has not incurred any significant indemnification expenses relating to intellectual property infringement claims. The Company cannot estimate the amount of potential future payments, if any, which the Company might be required to make as a result of these agreements, and accordingly, the Company has not accrued any amounts for its indemnification obligations.
Stock-Based Compensation	Stock-Based Compensation  The Company has equity incentive plans, which are described more fully in “ Note 2: Stock-Based Compensation .” Stock-based compensation is measured at the grant date, based on the fair value of the award. The Company’s equity awards granted in fiscal years 2016, 2015, and 2014 were restricted stock awards. Stock-based compensation cost for restricted stock awards is based on the fair market value of the Company’s stock on the date of grant. Stock-based compensation cost for stock options is calculated on the date of grant using the fair value of stock options as determined using the Black-Scholes valuation model. The Black-Scholes valuation model requires the Company to estimate key assumptions such as expected option term and stock price volatility to determine the fair value of a stock option. The estimate of these key assumptions is based on historical information and judgment regarding market factors and trends. The Company amortizes restricted stock and stock option award compensation cost straight-line over the awards vesting period, which is generally 5 years.
Income Taxes	Income Taxes  The Company recognizes a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes liabilities for uncertain tax positions based on the two-step process prescribed in the authoritative accounting literature. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more than 50% likely to be realized upon ultimate settlement. See Note 10 for further information related to income taxes .
Earnings Per Share	Earnings Per Share  Basic earnings per share is calculated using the weighted average shares of common stock and unvested restricted stock outstanding during the period. Diluted earnings per share is calculated using the weighted average shares of common stock outstanding and unvested restricted stock awards, plus the dilutive effect of stock options and restricted stock units calculated using the treasury stock method, and prior to fiscal year 2015, the dilutive effect of the conversion premium related to the Convertible Senior Notes. The following table sets forth the reconciliation of weighted average common shares outstanding used in the computation of basic and diluted earnings per share:     In thousands, except per share amounts July 3, June 28, June 29,  2016 2015 2014  Net income $ 494,346 $ 520,963 $ 459,961  Basic shares:  Weighted-average shares outstanding – Basic 244,662 244,408 240,498  Basic earnings per share $ 2.02 $ 2.13 $ 1.91  Diluted shares:  Dilutive effect of equity plans 386 810 1,173  Dilutive effect of the conversion premium — — 880  Weighted-average shares outstanding – Diluted 245,048 245,218 242,551  Diluted earnings per share $ 2.02 $ 2.12 $ 1.90 
Comprehensive Income	Comprehensive Income  Comprehensive income consists of net income and other comprehensive income or loss. Other comprehensive income or loss components include unrealized gains or losses on available-for-sale securities, net of tax.
Segment Reporting	Segment Reporting  The Company competes in a single operating segment, and as a result, no segment information has been disclosed outside of geographical information. Disclosures about products and services, and major customers are included above in Note 1. Export sales by geographic area in fiscal years 2016 , 2015 , and 2014 were as follows:     July 3, June 28, June 29,  In thousands 2016 2015 2014  Europe $ 280,479 $ 291,988 $ 267,219  Japan 203,981 229,110 222,792  Rest of the world 543,513 545,828 520,322  Total export sales $ 1,027,973 $ 1,066,926 $ 1,010,333 
Adoption of New and Recently Issued Accounting Pronouncements	Adoption of New and Recently Issued Accounting Pronouncements  In May 2014, the Financial Accounting Standard Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09 Revenue from Contracts with Customers (Topic 606). On July 9, 2015, the FASB agreed to delay the effective date by one year from the first quarter of fiscal year 2018. In accordance with the agreed upon delay, the new standard is effective for the Company beginning in the first quarter of fiscal year 2019. Early adoption is permitted, but not before the original effective date of the standard. The core principle of ASU No. 2014-09 is that a company should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU No. 2014-09 provides for one of the two methods of transition: retrospective application to each prior period presented; or recognition of the cumulative effect of retrospective application of the new standard in the period of initial application. The Company is currently evaluating the impact of ASU No. 2014-09 on its consolidated financial statements and which transition method to elect. In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Each reporting period, management is required to assess whether there is substantial doubt about an entity’s ability to continue as a going concern and if so to provide related footnote disclosures. The new guidance is effective for annual and interim periods ending after December 15, 2016. Early adoption is permitted. This ASU is not expected to have an impact on the Company’s financial statements or disclosures.  In July 2015, the FASB issued ASU No. 2015-11, Simplifying the Measurement of Inventory. The new guidance changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. The new guidance is effective for annual and interim periods ending after December 15, 2016. Early adoption is permitted. The Company intends to implement this guidance beginning in fiscal year 2017. This ASU is not expected to have a material impact on the Company’s financial statements or disclosures. In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes. All deferred tax assets and liabilities, along with any related valuation allowance, will be classified as noncurrent on the balance sheet. As a result, each jurisdiction will now only have one net noncurrent deferred tax asset or liability. The new guidance is effective for annual and interim periods ending after December 15, 2016. Early adoption is permitted and may be applied either prospectively or retrospectively. The Company adopted this update in the fourth quarter of fiscal year 2016 on a prospective basis. Prior reporting periods were not retrospectively adjusted. The adoption of this guidance had no impact on our Consolidated Statements of Income. See Note 10 of Notes to Consolidated Financial Statements.  In February 2016, the FASB issued ASU 2016-02, Leases. This standard requires entities that lease assets, with a lease term of more than 12 months, to recognize lease assets and lease liabilities on the balance sheet. Under existing guidance, operating leases are not recorded as lease assets and lease liabilities on the balance sheet. The standard is effective for fiscal years and the interim periods within those fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the timing and effects of adoption of this ASU on the consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting. This standard will impact how to account for certain aspects of share-based payments to employees. The standard is effective for fiscal years and the interim periods within those fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the timing and effects of adoption of this ASU on the consolidated financial statements.

Description Of Business And S24

Description Of Business And Significant Accounting Policies (Tables)	12 Months Ended
	Jul. 03, 2016
Description Of Business And Significant Accounting Policies [Abstract]
Long-Lived Assets By Geographic Area	   July 3, June 30,  In thousands 2016 2015  United States $ 183,507 $ 189,248  Malaysia 47,481 51,356  Singapore 63,967 58,375  Other 296 348  Total long-lived assets $ 295,251 $ 299,327 
Reconciliation Of Weighted Average Earnings Per Share Outstanding	  In thousands, except per share amounts July 3, June 28, June 29,  2016 2015 2014  Net income $ 494,346 $ 520,963 $ 459,961  Basic shares:  Weighted-average shares outstanding – Basic 244,662 244,408 240,498  Basic earnings per share $ 2.02 $ 2.13 $ 1.91  Diluted shares:  Dilutive effect of equity plans 386 810 1,173  Dilutive effect of the conversion premium — — 880  Weighted-average shares outstanding – Diluted 245,048 245,218 242,551  Diluted earnings per share $ 2.02 $ 2.12 $ 1.90 
Export Sales By Geographic Area	   July 3, June 28, June 29,  In thousands 2016 2015 2014  Europe $ 280,479 $ 291,988 $ 267,219  Japan 203,981 229,110 222,792  Rest of the world 543,513 545,828 520,322  Total export sales $ 1,027,973 $ 1,066,926 $ 1,010,333 

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jul. 03, 2016
Stock-Based Compensation [Abstract]
Schedule Of Stock Option Activity	    Weighted  Average  Stock Options Exercise  Outstanding Price  Outstanding options, June 30, 2013 6,736,330 $ 31.51  Granted — —  Forfeited and expired (1,915,375) 41.19  Exercised (3,010,856) 30.44  Outstanding options, June 29, 2014 1,810,099 $ 23.05  Granted — —  Forfeited and expired — —  Exercised (1,328,337) 23.17  Outstanding options, June 28, 2015 481,762 $ 22.75  Granted — —  Forfeited and expired — —  Exercised (481,762) 22.75  Outstanding options, July 3, 2016 — $ —  Options vested and exercisable at:  June 29, 2014 1,809,099 23.05  June 28, 2015 481,762 22.75 
Schedule Of Restricted Stock And Restricted Stock Unit Activity	   Weighted-  Restricted Awards Average Grant-  Outstanding Date Fair Value  Non-vested at June 30, 2013 5,668,273 $ 31.54  Granted 2,367,730 43.49  Vested (1,789,488) 30.37  Forfeited (129,428) 33.36  Non-vested at June 29, 2014 6,117,087 $ 36.46  Granted 2,495,074 44.71  Vested (1,903,091) 34.63  Forfeited (127,306) 36.70  Non-vested at June 28, 2015 6,581,764 $ 40.13  Granted 1,917,351 42.92  Vested (1,995,323) 37.67  Forfeited (210,684) 39.64  Non-vested at July 3, 2016 6,293,108 $ 41.36 

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Jul. 03, 2016
Fair Value [Abstract]
Fair Value Hierarchy For financial Assets	The following table presents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of July 3, 2016 :     In thousands Quoted Prices in Significant  Active Markets Other  for Identical Observable  Instruments Inputs  Description (Level 1) (Level 2) Total  Assets  Investments in U.S. Treasury securities and money-market funds $ 513,193 $ — $ 513,193  Investments in municipal bonds, obligations of U.S. government-sponsored enterprises and commercial paper — 832,438 832,438  Total assets measured at fair value $ 513,193 $ 832,438 $ 1,345,631  The following table presents the Company’s fair value hierarchy for its financial assets (cash equivalents and marketable securities) measured at fair value on a recurring basis as of June 28, 2015 :     In thousands Quoted Prices in Significant  Active Markets Other  for Identical Observable  Instruments Inputs  Description (Level 1) (Level 2) Total  Assets  Investments in U.S. Treasury securities and money-market funds $ 427,800 $ — $ 427,800  Investments in municipal bonds, obligations of U.S. government-sponsored enterprises and commercial paper — 677,899 677,899  Total assets measured at fair value $ 427,800 $ 677,899 $ 1,105,699 

Marketable Securities (Tables)

Marketable Securities (Tables)	12 Months Ended
	Jul. 03, 2016
Marketable Securities [Abstract]
Summary Of Cash Equivalents And Marketable Securities	    July 3, 2016  In thousands Amortized Unrealized Unrealized  Cost Gain (Loss) (1) Fair Value  U.S. Treasury securities $ 441,925 $ 783 $ (5) $ 442,703  Obligations of U.S. government-sponsored enterprises 316,368 855 — 317,223  Municipal bonds 119,680 158 (10) 119,828  Corporate debt securities and other 395,254 143 (10) 395,387  Money market funds 70,490 — — 70,490  Total $ 1,343,717 $ 1,939 $ (25) $ 1,345,631  Amounts included in:  Cash equivalents $ 161,028 $ 10 $ — $ 161,038  Marketable securities 1,182,689 1,929 (25) 1,184,593  Total $ 1,343,717 $ 1,939 $ (25) $ 1,345,631   The following is a summary of cash equivalents and marketable securities at June 28, 2015:     June 28, 2015   Amortized Unrealized Unrealized  In thousands Cost Gain (Loss) (1) Fair Value  U.S. Treasury securities $ 364,925 $ 618 $ (6) $ 365,537  Obligations of U.S. government-sponsored enterprises 258,519 299 (1) 258,817  Municipal bonds 138,419 26 (80) 138,365  Corporate debt securities and other 280,699 21 (3) 280,717  Money market funds 62,263 — — 62,263  Total $ 1,104,825 $ 964 $ (90) $ 1,105,699  Amounts included in:  Cash equivalents $ 98,657 $ — $ (1) $ 98,656  Marketable securities 1,006,168 964 (89) 1,007,043  Total $ 1,104,825 $ 964 $ (90) $ 1,105,699  (1) The Company evaluated the nature of the investments with a loss position at July 3, 2016 and June 28, 2015 , which are primarily obligations of the U.S. government and its sponsored enterprises, municipal bonds and U.S. corporate notes. In evaluating the investments, the Company considered the duration of the impairments, and the amount of the impairments relative to the underlying portfolio and concluded that such amounts were not other-than-temporary. The Company principally holds securities until maturity, however, they may be sold under certain circumstances. Unrealized losses on the investments greater than twelve months old were not significant as of July 3, 2016 and June 28, 2015 .
Estimated Fair Value Of Investments	   July 3, June 28,  In thousands 2016 2015  Due in one year or less $ 943,323 $ 605,726  Due after one year through five years 241,270 401,317  Total marketable securities $ 1,184,593 $ 1,007,043 

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	12 Months Ended
	Jul. 03, 2016
Goodwill And Intangible Assets [Abstract]
Schedule Of Finite-Lived Intangible Assets	 Intangible assets consisted of the following:      In thousands July 3, 2016 June 28, 2015  Gross Net Gross Net  Carrying Accumulated Carrying Carrying Accumulated Carrying  Amount Amortization Amount Amount Amortization Amount  Intellectual property $ 13,100 $ (8,100) $ 5,000 $ 13,100 $ (6,300) $ 6,800  Customer relationships 4,000 (1,800) 2,200 4,000 (1,400) 2,600  Total intangible assets $ 17,100 $ (9,900) $ 7,200 $ 17,100 $ (7,700) $ 9,400 

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	12 Months Ended
	Jul. 03, 2016
Convertible Senior Notes [Abstract]
Schedule Of Interest Expense	   In thousands June 29,  2014  Contractual coupon interest $ 21,127  Amortization of debt discount 18,458  Amortization of debt issuance costs 1,583  Total interest expense related to the Notes $ 41,168 

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Jul. 03, 2016
Stockholders' Equity [Abstract]
Schedule Of Shares Repurchased	   In thousands July 3, June 28, June 29,  2016 2015 2014  Number of shares of common stock repurchased 2,860 2,847 1,896  Total cost of repurchase $ 119,787 $ 124,240 $ 81,786 

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 03, 2016
Income Taxes [Abstract]
Schedule Of Components Of Income Before Income Taxes	   In thousands July 3, June 28, June 29,  2016 2015 2014  United States operations $ 431,266 $ 406,579 $ 364,275  Foreign operations 208,183 278,810 236,993  $ 639,449 $ 685,389 $ 601,268 
Schedule Of Components Of The Provision For Income Taxes	   In thousands July 3, June 28, June 29,  2016 2015 2014  United States federal:  Current $ 106,564 $ 142,630 $ 153,396  Deferred 30,403 14,819 (11,706)  136,967 157,449 141,690  State:  Current 1,665 1,910 (4,207)  Deferred 17 229 (392)  1,682 2,139 (4,599)  Foreign:  Current 5,604 4,584 3,986  Deferred 850 254 230  6,454 4,838 4,216  $ 145,103 $ 164,426 $ 141,307 
Schedule Of Effective Income Tax Rate Reconciliation	   In thousands July 3, June 28, June 29,  2016 2015 2014  Tax at U.S. statutory rate $ 223,807 $ 239,886 $ 210,443  State income taxes, net of federal benefit 1,266 1,131 (2,989)  Earnings of foreign subsidiaries subject to lower rates (52,440) (54,965) (49,149)  Domestic manufacturing deduction (13,604) (14,043) (13,342)  Research and development credit (18,212) (12,813) (6,378)  Other 4,286 5,230 2,722  $ 145,103 $ 164,426 $ 141,307 
Schedule Of Deferred Tax Assets And Liabilities	   In thousands July 3, June 28,  2016 2015  Deferred tax assets:  Loss carryforwards $ 4,190 $ 5,071  Credit carryforwards 20,716 18,659  Inventory valuation 6,301 17,267  Deferred income on shipments to distributors 17,270 16,623  Stock-based compensation 10,605 10,897  Accrued compensation and benefits 8,664 8,307  Other 2,015 2,501  Valuation allowance (20,716) (18,659)  Total deferred tax assets 49,045 60,666  Deferred tax liabilities:  Depreciation and amortization $ 7,782 $ 6,256  Unremitted earnings of subsidiaries 105,517 89,688  Other 4,134 1,841  Total deferred tax liabilities 117,433 97,785  Net deferred tax liabilities $ (68,388) $ (37,119) 
Unrecognized Income Tax Benefits Reconciliation	   In thousands Unrecognized  Tax Benefits  Balance at June 29, 2014 $ 29,443  Net additions for current year tax positions 6,534  Net additions for prior year tax positions 1,173  Lapse in statute of limitations (7,534)  Balance at June 28, 2015 29,616  Net additions for current year tax positions 6,608  Net additions for prior year tax positions 8,048  Lapse in statute of limitations (7,486)  Balance at July 3, 2016 $ 36,786 

Commitments And Contingencies (

Commitments And Contingencies (Tables)	12 Months Ended
	Jul. 03, 2016
Commitments And Contingencies [Abstract]
Schedule Of Future Minimum Rental Payments	  Operating  Fiscal Years Leases  2017 $ 3,557  2018 2,471  2019 2,024  2020 1,437  2021 1,227  Thereafter 2,147  Total $ 12,863 

Quarterly Information (Tables)

Quarterly Information (Tables)	12 Months Ended
	Jul. 03, 2016
Quarterly Information [Abstract]
Schedule Of Quarterly Financial Information	   In thousands, except per share amounts July 3, April 3, January 3, September 27,  Quarter Ended Fiscal Year 20 16 2016 2016 2016 2015  Revenues $ 373,766 $ 361,125 $ 347,128 $ 341,917  Gross profit 285,514 275,165 262,744 256,712  Net income 132,375 128,392 121,532 112,047  Basic earnings per share 0.54 0.53 0.50 0.46  Diluted earnings per share 0.54 0.52 0.50 0.46  Cash dividends per share 0.32 0.32 0.30 0.30  Stock price range per share:  High 47.79 44.68 45.24 43.18  Low 43.57 38.13 37.48 36.60      In thousands, except per share amounts June 28, March 29, December 28, September 28,  Quarter Ended Fiscal Year 2015 2015 2015 2014 2014  Revenues $ 379,483 $ 372,021 $ 352,575 $ 371,060  Gross profit 288,636 282,874 265,849 282,053  Net income 132,715 135,187 123,602 129,459  Basic earnings per share 0.54 0.55 0.51 0.53  Diluted earnings per share 0.54 0.55 0.51 0.53  Cash dividends per share 0.30 0.30 0.27 0.27  Stock price range per share:  High 48.04 49.23 46.52 46.83  Low 45.13 43.49 37.95 42.43 

Description Of Business And S34

Description Of Business And Significant Accounting Policies (Narrative) (Details) - USD ($)	Jul. 26, 2016	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Concentration Risk [Line Items]
Common stock, par value (in dollars per share)		$ 0.001	$ 0.001
Depreciation expense		$ 49,200,000	$ 51,900,000	$ 49,100,000
Impairment charges		0
Advertising expenses		$ 5,200,000	5,900,000	$ 5,500,000
Vesting period (in years)		5 years
Minimum [Member]
Concentration Risk [Line Items]
Price rebates remitted per quarter		$ 3,500,000
Minimum [Member] | Equipment [Member]
Concentration Risk [Line Items]
Useful life		5 years
Minimum [Member] | Building and Building Improvements [Member]
Concentration Risk [Line Items]
Useful life		10 years
Minimum [Member] | Other Intangible Assets [Member]
Concentration Risk [Line Items]
Intangible assets useful life		5 years
Maximum [Member]
Concentration Risk [Line Items]
Price rebates remitted per quarter			$ 4,400,000
Maximum [Member] | Equipment [Member]
Concentration Risk [Line Items]
Useful life		10 years
Maximum [Member] | Building and Building Improvements [Member]
Concentration Risk [Line Items]
Useful life		30 years
Maximum [Member] | Other Intangible Assets [Member]
Concentration Risk [Line Items]
Intangible assets useful life		10 years
Domestic [Member] | Maximum [Member]
Concentration Risk [Line Items]
Agreed upon purchase exchanges		(5.00%)
International [Member]
Concentration Risk [Line Items]
Agreed upon purchase exchanges		5.00%
Analog Devices, Inc. [Member] | Subsequent Event [Member]
Concentration Risk [Line Items]
Cash consideration	$ 46
Shares converted	0.2321%
Common stock, par value (in dollars per share)	$ 0.1667
Maximum outstanding common stock issuable	19.90%
Equity Issued After July 22, 2016 [Member] | Analog Devices, Inc. [Member] | Subsequent Event [Member]
Concentration Risk [Line Items]
Shares converted	0.9947%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk		42.00%	36.00%
Sales Revenue, Net [Member] | North America [Member]
Concentration Risk [Line Items]
Concentration risk		15.00%

Description Of Business And S35

Description Of Business And Significant Accounting Policies (Export Sales And Long-Lived Assets By Geographic Area) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 295,251	$ 299,327
Export sales	1,027,973	1,066,926	$ 1,010,333
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	183,507	189,248
Malaysia [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	47,481	51,356
Singapore [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	63,967	58,375
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Export sales	280,479	291,988	267,219
Japan [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Export sales	203,981	229,110	222,792
Rest of the world [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	296	348
Export sales	$ 543,513	$ 545,828	$ 520,322

Description Of Business And S36

Description Of Business And Significant Accounting Policies (Reconciliation Of Weighted Average Earnings Per Share Outstanding) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 03, 2016	Apr. 03, 2016	Jan. 03, 2016	Sep. 27, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 28, 2014	Sep. 28, 2014	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Description Of Business And Significant Accounting Policies [Abstract]
Net income	$ 132,375	$ 128,392	$ 121,532	$ 112,047	$ 132,715	$ 135,187	$ 123,602	$ 129,459	$ 494,346	$ 520,963	$ 459,961
Basic shares:
Weighted Average Number of Shares Outstanding, Basic									244,662	244,408	240,498
Basic earnings per share	$ 0.54	$ 0.53	$ 0.50	$ 0.46	$ 0.54	$ 0.55	$ 0.51	$ 0.53	$ 2.02	$ 2.13	$ 1.91
Diluted shares:
Dilutive Effect of Equity Plans									$ 386	$ 810	$ 1,173
Dilutive Effect of The Conversion Premium											$ 880
Weighted Average Number of Shares Outstanding, Diluted									245,048	245,218	242,551
Diluted earnings per share	$ 0.54	$ 0.52	$ 0.50	$ 0.46	$ 0.54	$ 0.55	$ 0.51	$ 0.53	$ 2.02	$ 2.12	$ 1.90

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	14,900,000
Vesting period (in years)	5 years
Stock Options Outstanding		481,762	1,810,099	6,736,330
Unrecognized stock-based compensation cost	$ 202.2
Unrecognized stock-based compensation cost, period of recognition (years)	5 years
Stock options exercised	481,762	1,328,337	3,010,856
Exercised, aggregate intrinsic value	$ 9.8
Restricted Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Vesting percentage	20.00%
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	5 years
Vesting percentage	10.00%
Expiration period from date of grant	7 years
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant	2,200,000
Percentage of fair market value of the common stock at the end of each six-month offering period	85.00%
2005 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP offering period	6 months
Maximum number of shares that may be issued to any one participant	300

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule Of Stock Option Activity) (Details) - $ / shares	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Stock option activity [Roll Forward]
Outstanding options, beginning balance, number	481,762	1,810,099	6,736,330
Forfeited and expired			(1,915,375)
Exercised	(481,762)	(1,328,337)	(3,010,856)
Outstanding options, ending balance, number		481,762	1,810,099
Outstanding options, beginning balance, weighted average exercise price	$ 22.75	$ 23.05	$ 31.51
Forfeited and expired, weighted average exercise price			41.19
Exercised, weighted average exercise price	22.75	23.17	30.44
Outstanding options, ending balance, weighted average exercise price		$ 22.75	$ 23.05
Options vested and exercisable, number		481,762	1,809,099
Options vested and exercisable, weighted average exercise price		$ 22.75	$ 23.05

Stock-Based Compensation (Sch39

Stock-Based Compensation (Schedule Of Restricted Stock And Restricted Stock Unit Activity) (Details) - $ / shares	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Restricted stock and restricted stock unit activity [Roll Forward]
Non-vested restricted awards outstanding, number, beginning balance	6,581,764	6,117,087	5,668,273
Granted, number	1,917,351	2,495,074	2,367,730
Vested, number	(1,995,323)	(1,903,091)	(1,789,488)
Forfeited, number	(210,684)	(127,306)	(129,428)
Non-vested restricted awards outstanding, number, ending balance	6,293,108	6,581,764	6,117,087
Non-vested restricted awards outstanding, weighted average grant date fair value, beginning balance	$ 40.13	$ 36.46	$ 31.54
Granted, weighted average grant date fair value	42.92	44.71	43.49
Vested, weighted average grant date fair value	37.67	34.63	30.37
Forfeited, weighted average grant date fair value	39.64	36.70	33.36
Non-vested restricted awards outstanding, weighted average grant date fair value, ending balance	$ 41.36	$ 40.13	$ 36.46

Fair Value (Fair Value Hierarch

Fair Value (Fair Value Hierarchy For financial Assets) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Jul. 03, 2016	Jun. 28, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 1,345,631,000	$ 1,105,699,000
Investments in U.S. Treasury Securities and Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	513,193,000	427,800,000
Investments in Municipal Bonds, Obligations of U.S. Government-Sponsored Enterprises and Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	832,438,000	677,899,000
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	513,193,000	427,800,000
Quoted Prices in Active Markets for Identical Instruments (Level 1) [Member] | Investments in U.S. Treasury Securities and Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	513,193,000	427,800,000
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	832,438,000	677,899,000
Significant Other Observable Inputs (Level 2) [Member] | Investments in Municipal Bonds, Obligations of U.S. Government-Sponsored Enterprises and Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	832,438,000	677,899,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	$ 0	$ 0

Marketable Securities (Summary

Marketable Securities (Summary Of Cash Equivalents And Marketable Securities) (Details) - USD ($) $ in Thousands		Jul. 03, 2016	Jun. 28, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 1,343,717	$ 1,104,825
Unrealized Gain		1,939	964
Unrealized (Loss)	[1]	(25)	(90)
Fair Value		1,345,631	1,105,699
Cash equivalents [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		161,028	98,657
Unrealized Gain		10
Unrealized (Loss)	[1]		(1)
Fair Value		161,038	98,656
Marketable securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,182,689	1,006,168
Unrealized Gain		1,929	964
Unrealized (Loss)	[1]	(25)	(89)
Fair Value		1,184,593	1,007,043
U.S. Treasury securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		441,925	364,925
Unrealized Gain		783	618
Unrealized (Loss)	[1]	(5)	(6)
Fair Value		442,703	365,537
Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		316,368	258,519
Unrealized Gain		855	299
Unrealized (Loss)	[1]		(1)
Fair Value		317,223	258,817
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		119,680	138,419
Unrealized Gain		158	26
Unrealized (Loss)	[1]	(10)	(80)
Fair Value		119,828	138,365
Corporate debt securities and other [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		395,254	280,699
Unrealized Gain		143	21
Unrealized (Loss)	[1]	(10)	(3)
Fair Value		395,387	280,717
Money market funds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		70,490	62,263
Fair Value		$ 70,490	$ 62,263
[1]	The Company evaluated the nature of the investments with a loss position at July 3, 2016 and June 28, 2015, which are primarily obligations of the U.S. government and its sponsored enterprises, municipal bonds and U.S. corporate notes. In evaluating the investments, the Company considered the duration of the impairments, and the amount of the impairments relative to the underlying portfolio and concluded that such amounts were not other-than-temporary. The Company principally holds securities until maturity, however, they may be sold under certain circumstances. Unrealized losses on the investments greater than twelve months old were not significant as of July 3, 2016 and June 28, 2015.

Marketable Securities (Estimate

Marketable Securities (Estimated Fair Value Of Investments) (Details) - USD ($) $ in Thousands	Jul. 03, 2016	Jun. 28, 2015
Marketable Securities [Abstract]
Due in one year or less	$ 943,323	$ 605,726
Due after one year through five years	241,270	401,317
Total marketable securities	$ 1,184,593	$ 1,007,043

Goodwill and Intangible Asset43

Goodwill and Intangible Assets (Narrative) (Details) - USD ($)	Dec. 20, 2011	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Goodwill And Intangible Assets [Line Items]
Percentage of interest acquired	100.00%
Goodwill		$ 2,200,000
Change in goodwill		$ 0
Remaining amortization period		5 years 2 months 12 days
Amortization expense		$ 2,200,000	$ 2,200,000	$ 2,200,000
2,017		1,700,000
2,018		1,200,000
2,019		1,200,000
2,020		1,200,000
2,021		1,200,000
Thereafter		$ 600,000
Intellectual property [Member]
Goodwill And Intangible Assets [Line Items]
Intangible assets acquired	$ 13,100,000
Customer relationships [Member]
Goodwill And Intangible Assets [Line Items]
Intangible assets acquired	$ 4,000,000

Goodwill and Intangible Asset44

Goodwill and Intangible Assets (Schedule Of Finite-Lived Intangible Assets) (Details) - USD ($) $ in Thousands	Jul. 03, 2016	Jun. 28, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 17,100	$ 17,100
Accumulated amortization	(9,900)	(7,700)
Total intangible assets, net carrying amount	7,200	9,400
Intellectual property [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	13,100	13,100
Accumulated amortization	(8,100)	(6,300)
Total intangible assets, net carrying amount	5,000	6,800
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	4,000	4,000
Accumulated amortization	(1,800)	(1,400)
Total intangible assets, net carrying amount	$ 2,200	$ 2,600

Convertible Senior Notes (Narra

Convertible Senior Notes (Narrative) (Details) $ / shares in Units, shares in Millions	May 01, 2014USD ($)$ / sharesshares	Jul. 03, 2016USD ($)
Debt Instrument [Line Items]
Accelerated stock repurchase program, authorized amount		$ 3,000,000,000
Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 1,700,000,000
Debt instrument, convertible, principal amount	$ 845,100,000
Conversion price | $ / shares	$ 40.68
Conversion rate	24.582
Conversion premium settled in common stock, shares | shares	2.9
Gain (loss) as a result of conversion	$ 0
Minimum [Member] | Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate		3.00%
Maximum [Member] | Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate		3.125%

Convertible Senior Notes (Sched

Convertible Senior Notes (Schedule Of Interest Expense) (Details) $ in Thousands	12 Months Ended
	Jun. 29, 2014USD ($)
Debt Instrument [Line Items]
Amortization of debt discount	$ 18,458
Convertible Debt [Member]
Debt Instrument [Line Items]
Contractual coupon interest	21,127
Amortization of debt discount	18,458
Amortization of debt issuance costs	1,583
Total interest expense related to the Notes	$ 41,168

Credit Facility (Narrative) (De

Credit Facility (Narrative) (Details) - Credit Agreement [Member] $ in Millions	12 Months Ended
	Jul. 03, 2016USD ($)
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 150
Maturity date	Jul. 27, 2017
Debt convenent, minimum required average bank account balances	$ 30
Debt convenant, minimum required quarterly EBIDTA	75
Debt covenant, required balance of cash and cash equivalents and marketable securities	500
Maximum borrowing capacity without Analog Devices' consent	$ 75
London Interbank Offered Rate (LIBOR) [Member]
Line of Credit Facility [Line Items]
Variable interest rate	1.00%

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014	Aug. 24, 2016	Oct. 14, 2014	Oct. 16, 2012
Equity [Line Items]
Payments of Dividends	$ 303,358	$ 278,404	$ 255,305
Common stock, dividends, per share, cash paid	$ 1.24
Share Repurchase Program [Member]
Equity [Line Items]
Number of shares authorized						10,000,000
Stock repurchase, period authorized	2 years
Share Repurchase Program B [Member]
Equity [Line Items]
Number of shares authorized					10,000,000
Stock repurchase, period authorized	2 years
Subsequent Event [Member]
Equity [Line Items]
Dividends payable, amount per share				$ 0.32

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule Of Shares Repurchased) (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Stockholders' Equity [Abstract]
Number of shares of common stock repurchased	2,860	2,847	1,896
Total cost of repurchase	$ 119,787	$ 124,240	$ 81,786

Retirement Plan (Narrative) (De

Retirement Plan (Narrative) (Details) - 401(k) Retirement Plan [Member] - USD ($) $ in Millions	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Defined Benefit Plan Disclosure [Line Items]
Maximum percentage of pre-tax earnings employees may defer	25.00%
Employer contribution	$ 11.7	$ 11.7	$ 9.7

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%	35.00%
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net	$ 8,000	$ 15,200	$ 11,000
Valuation allowance on state tax credit carryforwards	35,400
Deferred Tax Liabilities, Net, Noncurrent	68,388	85,612
Singapore and Malaysia tax holidays, increase to net income	$ 24,400	$ 25,600	$ 22,600
Singapore and Malaysia tax holidays, increase to net income per diluted share	$ 0.10	$ 0.10	$ 0.09
Estimated additional U.S. taxable income should undistributed foreign earnings be remitted to the U.S. parent	$ 1,149,000
Unrecognized tax benefits	36,786	$ 29,616	$ 29,443
Unrecognized tax benefits that would favorably impact the effective income tax rate	14,500
Accured interest on unrecognized tax benefits included in income tax expense	800
Interest on unrecognized tax benefits	2,000
Reasonably possible decrease in liability for unrecognized tax benefits	(6,500)
Discrete tax benefit	3,600	$ 2,700
Accounting Standards Update 201517 [Member]
Income Taxes [Line Items]
Deferred Tax Liabilities, Net, Noncurrent	49,000
Federal [Member]
Income Taxes [Line Items]
Operating loss carryforwards	11,800
State [Member]
Income Taxes [Line Items]
Operating loss carryforwards	$ 11,800
Singapore [Member]
Income Taxes [Line Items]
Income tax holiday, termination date	August 2,019
Malaysia [Member]
Income Taxes [Line Items]
Income tax holiday, termination date	July 2,025

Income Taxes (Schedule Of Compo

Income Taxes (Schedule Of Components Of Income Before Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Income Taxes [Abstract]
United States operations	$ 431,266	$ 406,579	$ 364,275
Foreign operations	208,183	278,810	236,993
Income before income taxes	$ 639,449	$ 685,389	$ 601,268

Income Taxes (Schedule Of Com53

Income Taxes (Schedule Of Components Of The Provision For Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
United States federal:
Current	$ 106,564	$ 142,630	$ 153,396
Deferred	30,403	14,819	(11,706)
United States federal income tax expense	136,967	157,449	141,690
State:
Current	1,665	1,910	(4,207)
Deferred	17	229	(392)
State income tax expense	1,682	2,139	(4,599)
Foreign:
Current	5,604	4,584	3,986
Deferred	850	254	230
Foreign income tax expense	6,454	4,838	4,216
Income Tax Expense (Benefit), Total	$ 145,103	$ 164,426	$ 141,307

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Rate Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Income Taxes [Abstract]
Tax at U.S. statutory rate	$ 223,807	$ 239,886	$ 210,443
State income taxes, net of federal benefit	1,266	1,131	(2,989)
Earnings of foreign subsidiaries subject to lower rates	(52,440)	(54,965)	(49,149)
Domestic manufacturing deduction	(13,604)	(14,043)	(13,342)
Research and development credit	(18,212)	(12,813)	(6,378)
Other	4,286	5,230	2,722
Income Tax Expense (Benefit), Total	$ 145,103	$ 164,426	$ 141,307

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Jul. 03, 2016	Jun. 28, 2015
Deferred tax assets:
Loss carryforwards	$ 4,190	$ 5,071
Credit carryforwards	20,716	18,659
Inventory valuation	6,301	17,267
Deferred income on shipments to distributors	17,270	16,623
Stock-based compensation	10,605	10,897
Accrued compensation and benefits	8,664	8,307
Other	2,015	2,501
Valuation allowance	(20,716)	(18,659)
Total deferred tax assets	49,045	60,666
Deferred tax liabilities:
Depreciation and amortization	7,782	6,256
Unremitted earnings of subsidiaries	105,517	89,688
Other	4,134	1,841
Total deferred tax liabilities	117,433	97,785
Net deferred tax liabilities	$ (68,388)	$ (37,119)

Income Taxes (Unrecognized Inco

Income Taxes (Unrecognized Income Tax Benefits Reconciliation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
Reconciliation of unrecognized tax benefits:
Balance	$ 29,616	$ 29,443
Net additions for current year tax positions	6,608	6,534
Net additions for prior year tax positions	8,048	1,173
Lapse in statue of limitations	(7,486)	(7,534)
Balance	$ 36,786	$ 29,616

Commitments And Contingencies57

Commitments And Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Commitments And Contingencies [Abstract]
Rent expense	$ 4,000	$ 3,900	$ 3,700
Termination of agreement fee	490,000
2,017	3,557
2,018	2,471
2,019	2,024
2,020	1,437
2,021	1,227
Thereafter	2,147
Total	$ 12,863

Quarterly Information (Schedule

Quarterly Information (Schedule Of Quarterly Financial Information) (Details) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jul. 03, 2016USD ($)item$ / shares	Apr. 03, 2016USD ($)$ / shares	Jan. 03, 2016USD ($)$ / shares	Sep. 27, 2015USD ($)$ / shares	Jun. 28, 2015USD ($)$ / shares	Mar. 29, 2015USD ($)$ / shares	Dec. 28, 2014USD ($)$ / shares	Sep. 28, 2014USD ($)$ / shares	Jul. 03, 2016USD ($)item$ / shares	Jun. 28, 2015USD ($)$ / shares	Jun. 29, 2014USD ($)$ / shares
Quarterly Information [Abstract]
Revenues | $	$ 373,766	$ 361,125	$ 347,128	$ 341,917	$ 379,483	$ 372,021	$ 352,575	$ 371,060	$ 1,423,936	$ 1,475,139	$ 1,388,386
Gross profit | $	285,514	275,165	262,744	256,712	288,636	282,874	265,849	282,053	1,080,135	1,119,412	1,049,806
Net income | $	$ 132,375	$ 128,392	$ 121,532	$ 112,047	$ 132,715	$ 135,187	$ 123,602	$ 129,459	$ 494,346	$ 520,963	$ 459,961
Basic earnings per share	$ 0.54	$ 0.53	$ 0.50	$ 0.46	$ 0.54	$ 0.55	$ 0.51	$ 0.53	$ 2.02	$ 2.13	$ 1.91
Diluted earnings per share	0.54	0.52	0.50	0.46	0.54	0.55	0.51	0.53	2.02	2.12	1.90
Cash dividends per share	0.32	0.32	0.30	0.30	0.30	0.30	0.27	0.27	$ 1.24	$ 1.14	$ 1.06
High	47.79	44.68	45.24	43.18	48.04	49.23	46.52	46.83
Low	$ 43.57	$ 38.13	$ 37.48	$ 36.60	$ 45.13	$ 43.49	$ 37.95	$ 42.43
Number of stockholders of record | item	1,658								1,658

Valuation and Qualifying Acco59

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jun. 29, 2014
Valuation and Qualifying Accounts [Abstract]
Balance at Beginning of Period	$ 1,651	$ 1,653	$ 1,891
Additions Charged to Costs and Expenses
Deductions	2	2	238
Balance at End of Period	$ 1,649	$ 1,651	$ 1,653