Quarterly Results of Operations (unaudited)

12 Months Ended

Jul. 03, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited)

Quarterly Results of Operations (unaudited)

	First		Second		Third		Fourth
	(in millions, except per share amounts)
2020
Revenue, net	$	4,040	$	4,234	$	4,175	$	4,287
Gross profit	758		935		1,005		1,083
Operating income (loss)	(129)		50		153		261
Net income (loss)	(276)		(139)		17		148
Basic income (loss) per common share	(0.93)		(0.47)		0.06		0.49
Diluted income (loss) per common share	(0.93)		(0.47)		0.06		0.49

	First		Second		Third		Fourth
	(in millions, except per share amounts)
2019
Revenue, net	$	5,028	$	4,233	$	3,674	$	3,634
Gross profit	1,664		1,044		579		465
Operating income (loss)	686		176		(394)		(381)
Net income (loss)	511		(487)		(581)		(197)
Basic income (loss) per common share	1.75		(1.68)		(1.99)		(0.67)
Diluted income (loss) per common share	1.71		(1.68)		(1.99)		(0.67)