Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Jun. 28, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted income (loss) per common share:

	2024		2023		2022
	(in millions, except per share data)
Net income (loss)	$	(798)	$	(1,684)	$	1,546
Less: cumulative dividends allocated to preferred shareholders	54		24		—
Net income (loss) attributable to common shareholders	$	(852)	$	(1,708)	$	1,546
Weighted average shares outstanding:
Basic	326		318		312
Employee stock options, RSUs, PSUs and ESPP	—		—		4
Diluted	326		318		316
Net income (loss) per common share:
Basic	$	(2.61)	$	(5.37)	$	4.96
Diluted	$	(2.61)	$	(5.37)	$	4.89
Anti-dilutive potential common shares excluded	22		14		3