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Net Income Per Common Share (Tables)
9 Months Ended
Apr. 03, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the computation of basic and diluted income per common share:
Three Months EndedNine Months Ended
 April 3,
2026
March 28,
2025
April 3,
2026
March 28,
2025
(in millions, except per share data)
Net income from continuing operations
$3,205 $772 $6,229 $1,391 
Dividends allocated to preferred shareholders
(2)(4)(12)(12)
Income attributable to participating securities(1)
(35)(13)(111)(25)
Net income from continuing operations attributable to common shareholders - basic
3,168 755 6,106 1,354 
Net income (loss) from discontinued operations, net of taxes, attributable to common shareholders
— (248)— 213 
Net income attributable to common shareholders - basic
$3,168 $507 $6,106 $1,567 
Net income from continuing operations attributable to common shareholders - basic
$3,168 $755 $6,106 $1,354 
Re-allocation of participating securities considered potentially dilutive
— 10 
Net income from continuing operations attributable to common shareholders - diluted
3,172 755 6,116 1,355 
Net income (loss) from discontinued operations, net of taxes, attributable to common shareholders
— (248)— 213 
Net income attributable to common shareholders - diluted
$3,172 $507 $6,116 $1,568 
Weighted average shares:
Basic342 348 343 346 
RSUs, PSUs, ESPP, and convertible notes45 10 38 12 
Diluted387 358 381 358 
Net income (loss) per common share:
Basic:
Continuing operations
$9.26 $2.17 $17.80 $3.91 
Discontinued operations
— (0.71)— 0.62 
Net income per common share
9.26 1.46 17.80 4.53 
Diluted:
Continuing operations
8.20 2.11 16.05 3.79 
Discontinued operations
— (0.69)— 0.59 
Net income per common share
8.20 1.42 16.05 4.38 
(1)     Participating securities consisted of Preferred Shares because, prior to their conversion, they participated on a pro rata basis in any dividends declared on shares of common stock.