Leases and Other Commitments (Tables)

9 Months Ended

Apr. 03, 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:

	April 3, 2026		June 27, 2025
	(in millions)
Operating lease right-of-use assets (included in Other non-current assets)	$	127	$	123
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)	32		31
Long-term operating lease liabilities (included in Other liabilities)	111		110
Total operating lease liabilities	$	143	$	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				Nine Months Ended
	April 3, 2026		March 28, 2025		April 3, 2026		March 28, 2025
	(in millions)
Cost of operating leases	$	10	$	7	$	28	$	24
Cash paid for operating leases	9		8		28		28
Operating lease assets obtained in exchange for operating lease liabilities	3		6		26		18

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

	April 3, 2026		June 27, 2025
Weighted average remaining lease term in years	5.8		6.1
Weighted average discount rate	5.1	%	5.0	%

Schedule of Minimum Lease Payments

As of April 3, 2026, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Remaining three months of 2026	$	10
2027	36
2028	29
2029	23
2030	18
Thereafter	49
Total future minimum lease payments	165
Less: imputed interest	22
Present value of lease liabilities	$	143

Schedule of Minimum Long-Term Commitments

As of April 3, 2026, the Company had the following minimum long-term commitments:

	Long-Term Commitments
	(in millions)
Remaining three months of 2026	$	20
2027	57
Total	$	77