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Business Realignment Charges
 6 Months Ended
Jan. 02, 2026
Postemployment Benefits [Abstract]  
Business Realignment Charges Business Realignment Charges
The Company periodically incurs charges to realign its business operations with anticipated market demand, primarily consisting of organization rationalization designed to streamline its business, reduce its cost structure, and focus its resources. These actions may result in charges for employee termination benefits or charges from the impairment of intangible assets and other long-lived assets.

The Company recorded the following net charges related to these actions for the periods presented:
Three Months EndedSix Months Ended
January 2,
2026		December 27,
2024		January 2,
2026		December 27,
2024
(in millions)
Cash-based employee termination benefits$52 $— $55 $— 
Stock-based employee termination benefits3 — 3 — 
Contract termination and other— (10)— (7)
Total business realignment charges$55 $(10)$58 $(7)

In addition, in January 2026, the Company implemented additional actions to further streamline functions and expects to record incremental employee termination costs of approximately $50 million in the remainder of 2026.

The following table presents an analysis of the components of these activities against the reserve (included in Accrued expenses) during the six months ended January 2, 2026:
Employee Termination Benefits
Contract Termination and Other
Total
(in millions)
Accrual balance as of June 27, 2025$1 $9 $10 
Charges55 — 55 
Cash payments(10)(2)(12)
Accrual balance as of January 2, 2026$46 $7 $53