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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Treasury Stock
Additional Paid-In Capital
Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Loss
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Common stock, beginning balance (in shares) at Jul. 02, 2021     312            
Beginning balance at Jul. 02, 2021 $ 10,721   $ 3 $ (232) $ 3,608   $ (197) $ 7,539  
Treasury stock, beginning balance (in shares) at Jul. 02, 2021       (4)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 610             610  
Employee stock plans (in shares)       3          
Employee stock plans (76)     $ 207 (283)        
Stock-based compensation 76       76        
Actuarial pension gain 1           1    
Foreign currency translation adjustment 4           4    
Net unrealized gain (loss) on derivative contracts 25           25    
Common stock, ending balance (in shares) at Oct. 01, 2021     312            
Ending balance at Oct. 01, 2021 11,361   $ 3 $ (25) 3,401   (167) 8,149  
Treasury stock, ending balance (in shares) at Oct. 01, 2021       (1)          
Common stock, beginning balance (in shares) at Jul. 02, 2021     312            
Beginning balance at Jul. 02, 2021 10,721   $ 3 $ (232) 3,608   (197) 7,539  
Treasury stock, beginning balance (in shares) at Jul. 02, 2021       (4)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 1,174                
Common stock, ending balance (in shares) at Dec. 31, 2021     313            
Ending balance at Dec. 31, 2021 12,018   $ 3 $ 0 3,519   (217) 8,713  
Treasury stock, ending balance (in shares) at Dec. 31, 2021       0          
Common stock, beginning balance (in shares) at Oct. 01, 2021     312            
Beginning balance at Oct. 01, 2021 11,361   $ 3 $ (25) 3,401   (167) 8,149  
Treasury stock, beginning balance (in shares) at Oct. 01, 2021       (1)          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 564             564  
Employee stock plans (in shares)     1 1          
Employee stock plans 56     $ 25 31        
Stock-based compensation 87       87        
Foreign currency translation adjustment (45)           (45)    
Net unrealized gain (loss) on derivative contracts (5)           (5)    
Common stock, ending balance (in shares) at Dec. 31, 2021     313            
Ending balance at Dec. 31, 2021 $ 12,018   $ 3 $ 0 3,519   (217) 8,713  
Treasury stock, ending balance (in shares) at Dec. 31, 2021       0          
Common stock, beginning balance (in shares) at Jul. 01, 2022 315   315            
Beginning balance at Jul. 01, 2022 $ 12,221 $ (37) $ 3 $ 0 3,733 $ (128) (554) 9,039 $ 91
Treasury stock, beginning balance (in shares) at Jul. 01, 2022       0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 27             27  
Employee stock plans (in shares)     3            
Employee stock plans (50)       (50)        
Stock-based compensation 86       86        
Foreign currency translation adjustment (80)           (80)    
Net unrealized gain (loss) on derivative contracts (60)           (60)    
Common stock, ending balance (in shares) at Sep. 30, 2022     318            
Ending balance at Sep. 30, 2022 $ 12,107   $ 3 $ 0 3,641   (694) 9,157  
Treasury stock, ending balance (in shares) at Sep. 30, 2022       0          
Common stock, beginning balance (in shares) at Jul. 01, 2022 315   315            
Beginning balance at Jul. 01, 2022 $ 12,221 $ (37) $ 3 $ 0 3,733 $ (128) (554) 9,039 $ 91
Treasury stock, beginning balance (in shares) at Jul. 01, 2022       0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) $ (419)                
Common stock, ending balance (in shares) at Dec. 30, 2022 319   319            
Ending balance at Dec. 30, 2022 $ 12,115   $ 3 $ 0 3,770   (369) 8,711  
Treasury stock, ending balance (in shares) at Dec. 30, 2022       0          
Common stock, beginning balance (in shares) at Sep. 30, 2022     318            
Beginning balance at Sep. 30, 2022 12,107   $ 3 $ 0 3,641   (694) 9,157  
Treasury stock, beginning balance (in shares) at Sep. 30, 2022       0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (446)             (446)  
Employee stock plans (in shares)     1            
Employee stock plans 43       43        
Stock-based compensation 86       86        
Foreign currency translation adjustment 97           97    
Net unrealized gain (loss) on derivative contracts $ 228           228    
Common stock, ending balance (in shares) at Dec. 30, 2022 319   319            
Ending balance at Dec. 30, 2022 $ 12,115   $ 3 $ 0 $ 3,770   $ (369) $ 8,711  
Treasury stock, ending balance (in shares) at Dec. 30, 2022       0