Leases and Other Commitments (Tables)

9 Months Ended

Mar. 29, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table summarizes supplemental balance sheet information related to operating leases as of March 29, 2024:

	Lease Amounts
	($ in millions)
Minimum lease payments by year:
Remaining three months of 2024	$	17
2025	67
2026	68
2027	60
2028	52
Thereafter	329
Total future minimum lease payments	593
Less: Imputed interest	164
Present value of lease liabilities	429
Less: Current portion (included in Accrued expenses)	47
Long-term operating lease liabilities (included in Other liabilities )	$	382
Operating lease right-of-use assets (included in Other non-current assets)	$	408
Weighted average remaining lease term in years	10.0
Weighted average discount rate	6.0		%

Schedule of Supplemental Cash Flow

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

	Three Months Ended				Nine Months Ended
	March 29, 2024		March 31, 2023		March 29, 2024		March 31, 2023
	(in millions)
Cost of operating leases	$	15	$	15	$	47	$	43
Cash paid for operating leases	17		12		49		38
Operating lease assets obtained in exchange for operating lease liabilities	1		10		178		14

Schedule of Minimum Long-Term Commitments

As of March 29, 2024, the Company had the following minimum long-term commitments:

	Long-Term Commitments
	(in millions)
Year:
Remaining three months of 2024	$	45
2025	172
2026	96
2027	59
2028	20
Thereafter	130
Total	$	522