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Discontinued Operations (Tables)
6 Months Ended
Jan. 02, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The following table provides a summary of the historical results of Sandisk for the three and six months ended December 27, 2024 which have been reflected as Net income from discontinued operations, net of taxes in the Condensed Consolidated Statements of Operations:
Three Months EndedSix Months Ended
Net Income from Discontinued Operations, Net of Taxes
December 27,
2024
(in millions)
Revenue, net$1,876 $3,759 
Cost of revenue1,267 2,405 
Operating expenses:
Research and development277 534 
Selling, general and administrative106 144 
Gain on business divestiture(113)(113)
Business separation costs44 87 
Business realignment charges
Operating income
292 700 
Total interest and other expense, net
17 40 
Income before taxes
275 660 
Income tax expense147 192 
Net income from discontinued operations, net of taxes
$128 $468 
The following table provides selected financial information related to cash flows from discontinued operations:
Six Months Ended
Select Cash Flow Information from Discontinued Operations
December 27,
2024
(in millions)
Purchases of property, plant and equipment
$115 
Depreciation and amortization
91 
Stock-based compensation
74