Leases and Other Commitments (Tables)

6 Months Ended

Jan. 02, 2026

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:

	January 2, 2026		June 27, 2025
	(in millions)
Operating lease right-of-use assets (included in Other non-current assets)	$	132	$	123
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)	33		31
Long-term operating lease liabilities (included in Other liabilities)	115		110
Total operating lease liabilities	$	148	$	141

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				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
Cost of operating leases	$	9	$	7	$	18	$	17
Cash paid for operating leases	9		9		19		20
Operating lease assets obtained in exchange for operating lease liabilities	23		7		23		12

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

	January 2, 2026		June 27, 2025
Weighted average remaining lease term in years	5.9		6.1
Weighted average discount rate	5.1	%	5.0	%

Schedule of Minimum Lease Payments

As of January 2, 2026, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Remaining six months of 2026	$	19
2027	36
2028	28
2029	22
2030	17
Thereafter	49
Total future minimum lease payments	171
Less: imputed interest	23
Present value of lease liabilities	$	148

Schedule of Minimum Long-Term Commitments

As of January 2, 2026, the Company had the following minimum long-term commitments:

	Long-Term Commitments
	(in millions)
Remaining six months of 2026	$	32
2027	56
Total	$	88