Leases and Other Commitments (Tables)

6 Months Ended

Dec. 30, 2022

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of December 30, 2022:

	Lease Amounts
	($ in millions)
Minimum lease payments by year:
Remaining six months of 2023	$	24
2024	47
2025	44
2026	43
2027	39
Thereafter	147
Total future minimum lease payments	344
Less: Imputed interest	54
Present value of lease liabilities	290
Less: Current portion (included in Accrued expenses)	39
Long-term operating lease liabilities (included in Other liabilities )	$	251
Operating lease right-of-use assets (included in Other non-current assets)	$	271
Weighted average remaining lease term in years	8.1
Weighted average discount rate	4.1		%

Schedule of Supplemental Cash Flow Disclosures

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:

	Three Months Ended				Six Months Ended
	December 30, 2022		December 31, 2021		December 30, 2022		December 31, 2021
	(in millions)
Cost of operating leases	$	14	$	14	$	28	$	27
Cash paid for operating leases	12		12		26		24
Operating lease assets obtained in exchange for operating lease liabilities	—		11		4		123

Schedule of Long-term Purchase Agreements

As of December 30, 2022, the Company had the following minimum long-term commitments:

	Long-Term Commitments
	(in millions)
Year:
Remaining six months of 2023	$	193
2024	256
2025	180
2026	53
2027	46
Thereafter	150
Total	$	878