Income Tax Expense (Tables)

9 Months Ended

Mar. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table presents the Company’s Income tax expense and the effective tax rate:

	Three Months Ended					Nine Months Ended
	March 29, 2024			March 31, 2023		March 29, 2024			March 31, 2023
	($ in millions)
Income (loss) before taxes	$	178		(528)		$	(763)		(816)
Income tax expense	43			43		74			159
Effective tax rate	24		%	(8)	%	(10)		%	(19)	%

Schedule of Income Tax Contingencies

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits excluding accrued interest and penalties for the nine months ended March 29, 2024 (in millions):

Accrual balance at June 30, 2023	$	1,021
Gross increases related to current year tax positions	23
Gross increases related to prior year tax positions	56
Gross decreases related to prior year tax positions	(28)
Settlements	(363)
Lapse of statute of limitations	(1)
Accrual balance at March 29, 2024	$	708