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CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning balance (in shares) at Jun. 28, 2024 200          
Beginning balance at Jun. 28, 2024 $ 229          
Ending balance (in shares) at Sep. 27, 2024 200          
Ending balance at Sep. 27, 2024 $ 229          
Beginning balance (in shares) at Jun. 28, 2024   343,000        
Beginning balance at Jun. 28, 2024 10,818 $ 3   $ 4,752 $ (712) $ 6,775
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 493         493
Employee stock plans (in shares)   3,000        
Employee stock plans (64)     (64)    
Stock-based compensation 84     84    
Foreign currency translation adjustment 121       121  
Net unrealized gain on derivative contracts, net of taxes 191       191  
Ending balance (in shares) at Sep. 27, 2024   346,000        
Ending balance at Sep. 27, 2024 $ 11,643 $ 3   4,772 (400) 7,268
Beginning balance (in shares) at Jun. 28, 2024 200          
Beginning balance at Jun. 28, 2024 $ 229          
Ending balance (in shares) at Dec. 27, 2024 200          
Ending balance at Dec. 27, 2024 $ 229          
Beginning balance (in shares) at Jun. 28, 2024   343,000        
Beginning balance at Jun. 28, 2024 10,818 $ 3   4,752 (712) 6,775
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,087          
Ending balance (in shares) at Dec. 27, 2024   348,000        
Ending balance at Dec. 27, 2024 $ 12,117 $ 3   4,885 (633) 7,862
Beginning balance (in shares) at Sep. 27, 2024 200          
Beginning balance at Sep. 27, 2024 $ 229          
Ending balance (in shares) at Dec. 27, 2024 200          
Ending balance at Dec. 27, 2024 $ 229          
Beginning balance (in shares) at Sep. 27, 2024   346,000        
Beginning balance at Sep. 27, 2024 11,643 $ 3   4,772 (400) 7,268
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 594         594
Employee stock plans (in shares)   2,000        
Employee stock plans 36     36    
Stock-based compensation 77     77    
Foreign currency translation adjustment (100)       (100)  
Net unrealized gain on derivative contracts, net of taxes (133)       (133)  
Ending balance (in shares) at Dec. 27, 2024   348,000        
Ending balance at Dec. 27, 2024 $ 12,117 $ 3   4,885 (633) 7,862
Beginning balance (in shares) at Jun. 27, 2025 200          
Beginning balance at Jun. 27, 2025 $ 229          
Ending balance (in shares) at Oct. 03, 2025 200          
Ending balance at Oct. 03, 2025 $ 229          
Beginning balance (in shares) at Jun. 27, 2025 349,000 349,000        
Beginning balance at Jun. 27, 2025 $ 5,311 $ 3 $ (95) 4,621 20 762
Treasury stock, beginning balance (in shares) at Jun. 27, 2025 (2,000)   (2,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 1,182         1,182
Employee stock plans (in shares)     1,000      
Employee stock plans (56)   $ 69 (125)    
Stock-based compensation 53     53    
Repurchases of common stock (in shares)     (6,000)      
Repurchases of common stock (557)   $ (557)      
Common stock dividends (34)     1   (35)
Preferred stock dividends (5)         (5)
Net unrealized gain on derivative contracts, net of taxes (6)       (6)  
Ending balance (in shares) at Oct. 03, 2025   349,000        
Ending balance at Oct. 03, 2025 $ 5,888 $ 3 $ (583) 4,550 14 1,904
Treasury stock, ending balance (in shares) at Oct. 03, 2025     (7,000)      
Beginning balance (in shares) at Jun. 27, 2025 200          
Beginning balance at Jun. 27, 2025 $ 229          
Ending balance (in shares) at Jan. 02, 2026 200          
Ending balance at Jan. 02, 2026 $ 229          
Beginning balance (in shares) at Jun. 27, 2025 349,000 349,000        
Beginning balance at Jun. 27, 2025 $ 5,311 $ 3 $ (95) 4,621 20 762
Treasury stock, beginning balance (in shares) at Jun. 27, 2025 (2,000)   (2,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 3,024          
Ending balance (in shares) at Jan. 02, 2026 349,000 349,000        
Ending balance at Jan. 02, 2026 $ 7,111 $ 3 $ (1,109) 4,502 18 3,697
Treasury stock, ending balance (in shares) at Jan. 02, 2026 (9,000)   (9,000)      
Beginning balance (in shares) at Oct. 03, 2025 200          
Beginning balance at Oct. 03, 2025 $ 229          
Ending balance (in shares) at Jan. 02, 2026 200          
Ending balance at Jan. 02, 2026 $ 229          
Beginning balance (in shares) at Oct. 03, 2025   349,000        
Beginning balance at Oct. 03, 2025 5,888 $ 3 $ (583) 4,550 14 1,904
Treasury stock, beginning balance (in shares) at Oct. 03, 2025     (7,000)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,842         1,842
Employee stock plans (in shares)     2,000      
Employee stock plans (9)   $ 93 (102)    
Stock-based compensation 53     53    
Repurchases of common stock (in shares)     (4,000)      
Repurchases of common stock (619)   $ (619)      
Common stock dividends (43)     1   (44)
Preferred stock dividends (5)         (5)
Net unrealized gain on derivative contracts, net of taxes $ 4       4  
Ending balance (in shares) at Jan. 02, 2026 349,000 349,000        
Ending balance at Jan. 02, 2026 $ 7,111 $ 3 $ (1,109) $ 4,502 $ 18 $ 3,697
Treasury stock, ending balance (in shares) at Jan. 02, 2026 (9,000)   (9,000)