Leases and Other Commitments (Tables)

9 Months Ended

Mar. 28, 2025

Leases [Abstract]

Schedule of Supplemental Balance Sheet Disclosures

The following table presents right-of-use lease assets and lease liabilities included in the Company’s Condensed Consolidated Balance Sheets:

	March 28, 2025		June 28, 2024
	(in millions)
Operating lease right-of-use assets (included in Other non-current assets)	$	129	$	143
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)	31		28
Long-term operating lease liabilities (included in Other liabilities)	116		133
Total operating lease liabilities	$	147	$	161

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 28, 2025		March 29, 2024		March 28, 2025		March 29, 2024
	(in millions)
Cost of operating leases	$	7	$	10	$	24	$	30
Cash paid for operating leases	8		11		28		33
Operating lease assets obtained in exchange for operating lease liabilities	6		1		18		10

The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:

	March 28, 2025		June 28, 2024
Weighted average remaining lease term in years	6.2		6.6
Weighted average discount rate	5.0	%	5.0	%

Schedule of Minimum Lease Payments

As of March 28, 2025, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Remaining three months of 2025	$	9
2026	36
2027	30
2028	23
2029	17
Thereafter	57
Total future minimum lease payments	172
Less: imputed interest	25
Present value of lease liabilities	$	147

Schedule of Minimum Long-Term Commitments

As of March 28, 2025, the Company had the following minimum long-term commitments:

	Long-Term Commitments
	(in millions)
Remaining three months of 2025	$	45
2026	49
2027	27
Total	$	121