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CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ EQUITY - USD ($)
shares in Millions, $ 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 0.2          
Beginning balance at Jun. 28, 2024 $ 229          
Ending balance (in shares) at Sep. 27, 2024 0.2          
Ending balance at Sep. 27, 2024 $ 229          
Beginning balance (in shares) at Jun. 28, 2024   343.0        
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)   3.0        
Employee stock plans (64)     (64)    
Stock-based compensation 84     84    
Foreign currency translation adjustment 121       121  
Net unrealized gain (loss) on derivative contracts, net of taxes 191       191  
Ending balance (in shares) at Sep. 27, 2024   346.0        
Ending balance at Sep. 27, 2024 $ 11,643 $ 3   4,772 (400) 7,268
Beginning balance (in shares) at Jun. 28, 2024 0.2          
Beginning balance at Jun. 28, 2024 $ 229          
Ending balance (in shares) at Mar. 28, 2025 0.2          
Ending balance at Mar. 28, 2025 $ 229          
Beginning balance (in shares) at Jun. 28, 2024   343.0        
Beginning balance at Jun. 28, 2024 10,818 $ 3   4,752 (712) 6,775
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,607          
Ending balance (in shares) at Mar. 28, 2025   349.0        
Ending balance at Mar. 28, 2025 $ 5,177 $ 3   4,642 11 521
Beginning balance (in shares) at Sep. 27, 2024 0.2          
Beginning balance at Sep. 27, 2024 $ 229          
Ending balance (in shares) at Dec. 27, 2024 0.2          
Ending balance at Dec. 27, 2024 $ 229          
Beginning balance (in shares) at Sep. 27, 2024   346.0        
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)   2.0        
Employee stock plans 36     36    
Stock-based compensation 77     77    
Foreign currency translation adjustment (100)       (100)  
Net unrealized gain (loss) on derivative contracts, net of taxes (133)       (133)  
Ending balance (in shares) at Dec. 27, 2024   348.0        
Ending balance at Dec. 27, 2024 $ 12,117 $ 3   4,885 (633) 7,862
Ending balance (in shares) at Mar. 28, 2025 0.2          
Ending balance at Mar. 28, 2025 $ 229          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 520         520
Distribution in connection with the Separation (7,618)     (307) 546 (7,857)
Employee stock plans (in shares)   1.0        
Employee stock plans 5     5    
Stock-based compensation 59     59    
Preferred stock dividends (4)         (4)
Foreign currency translation adjustment 24       24  
Net unrealized gain (loss) on derivative contracts, net of taxes 74       74  
Ending balance (in shares) at Mar. 28, 2025   349.0        
Ending balance at Mar. 28, 2025 $ 5,177 $ 3   4,642 11 521
Beginning balance (in shares) at Jun. 27, 2025 0.2          
Beginning balance at Jun. 27, 2025 $ 229          
Ending balance (in shares) at Oct. 03, 2025 0.2          
Ending balance at Oct. 03, 2025 $ 229          
Beginning balance (in shares) at Jun. 27, 2025 349.0 349.0        
Beginning balance at Jun. 27, 2025 $ 5,311 $ 3 $ (95) 4,621 20 762
Treasury stock, beginning balance (in shares) at Jun. 27, 2025 (2.0)   (2.0)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 1,182         1,182
Employee stock plans (in shares)     1.0      
Employee stock plans (56)   $ 69 (125)    
Stock-based compensation 53     53    
Repurchases of common stock (in shares)     (6.0)      
Repurchases of common stock (557)   $ (557)      
Common stock dividends (34)     1   (35)
Preferred stock dividends (5)         (5)
Net unrealized gain (loss) on derivative contracts, net of taxes (6)       (6)  
Ending balance (in shares) at Oct. 03, 2025   349.0        
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     (7.0)      
Beginning balance (in shares) at Jun. 27, 2025 0.2          
Beginning balance at Jun. 27, 2025 $ 229          
Ending balance (in shares) at Apr. 03, 2026 0.0          
Ending balance at Apr. 03, 2026 $ 0          
Beginning balance (in shares) at Jun. 27, 2025 349.0 349.0        
Beginning balance at Jun. 27, 2025 $ 5,311 $ 3 $ (95) 4,621 20 762
Treasury stock, beginning balance (in shares) at Jun. 27, 2025 (2.0)   (2.0)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 6,229          
Ending balance (in shares) at Apr. 03, 2026 349.0 349.0        
Ending balance at Apr. 03, 2026 $ 9,680 $ 3 $ (931) 3,747 3 6,858
Treasury stock, ending balance (in shares) at Apr. 03, 2026 (4.0)   (4.0)      
Beginning balance (in shares) at Oct. 03, 2025 0.2          
Beginning balance at Oct. 03, 2025 $ 229          
Ending balance (in shares) at Jan. 02, 2026 0.2          
Ending balance at Jan. 02, 2026 $ 229          
Beginning balance (in shares) at Oct. 03, 2025   349.0        
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     (7.0)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 1,842         1,842
Employee stock plans (in shares)     2.0      
Employee stock plans (9)   $ 93 (102)    
Stock-based compensation 53     53    
Repurchases of common stock (in shares)     (4.0)      
Repurchases of common stock (619)   $ (619)      
Common stock dividends (43)     1   (44)
Preferred stock dividends (5)         (5)
Net unrealized gain (loss) on derivative contracts, net of taxes 4       4  
Ending balance (in shares) at Jan. 02, 2026   349.0        
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     (9.0)      
Increase (Decrease) in Temporary Equity [Roll Forward]            
Conversion of convertible preferred stock (in shares) (0.2)          
Conversion of convertible preferred stock $ (229)          
Ending balance (in shares) at Apr. 03, 2026 0.0          
Ending balance at Apr. 03, 2026 $ 0          
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 3,205         3,205
Conversion of convertible preferred stock (in shares)     7.0      
Conversion of convertible preferred stock 229   $ 796 (567)    
Employee stock plans (in shares)     1.0      
Employee stock plans (103)   $ 139 (242)    
Stock-based compensation 53     53    
Repurchases of common stock (in shares)     (3.0)      
Repurchases of common stock (757)   $ (757)      
Common stock dividends (43)     1   (44)
Net unrealized gain (loss) on derivative contracts, net of taxes $ (15)       (15)  
Ending balance (in shares) at Apr. 03, 2026 349.0 349.0        
Ending balance at Apr. 03, 2026 $ 9,680 $ 3 $ (931) $ 3,747 $ 3 $ 6,858
Treasury stock, ending balance (in shares) at Apr. 03, 2026 (4.0)   (4.0)