Discontinued Operations (Tables)

9 Months Ended

Apr. 03, 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 nine months ended March 28, 2025, which have been reflected as Net income (loss) from discontinued operations, net of taxes in the Condensed Consolidated Statements of Operations. Business separation costs represent separation and transition costs the Company incurred in connection with the Separation.

	Three Months Ended		Nine Months Ended
Net Income (Loss) from Discontinued Operations, Net of Taxes	March 28, 2025
	(in millions)
Revenue, net	$	602	$	4,361
Cost of revenue	485		2,892
Operating expenses:
Research and development	185		718
Selling, general and administrative	84		229
Gain on business divestiture	—		(113)
Business separation costs	57		144
Business realignment charges	—		3
Operating income (loss)	(209)		488
Total interest and other income (expense), net	1		(36)
Income (loss) before taxes	(208)		452
Income tax expense	44		236
Net income (loss) from discontinued operations, net of taxes	$	(252)	$	216

The following table provides selected financial information related to cash flows from discontinued operations:

	Nine Months Ended
Select Cash Flow Information from Discontinued Operations	March 28, 2025
	(in millions)
Purchases of property, plant and equipment	$	139
Depreciation and amortization	117
Stock-based compensation	98