Fair Value Measurements and Investments (Tables)

3 Months Ended

Oct. 03, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial instruments that were measured at fair value on a recurring basis for the periods presented and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:

	October 3, 2025
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Cash equivalents - Money market funds	$	533	$	—	$	—	$	533
Foreign exchange contracts (included in Other current assets)	—		4		—		4
Total assets at fair value	$	533	$	4	$	—	$	537
Liabilities:
Foreign exchange contracts (included in Accrued expenses)	$	—	$	9	$	—	$	9
Total liabilities at fair value	$	—	$	9	$	—	$	9

	June 27, 2025
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Cash equivalents - Money market funds	$	751	$	—	$	—	$	751
Foreign exchange contracts (included in Other current assets)	—		17		—		17
Total assets at fair value	$	751	$	17	$	—	$	768
Liabilities:
Foreign exchange contracts (included in Accrued expenses)	$	—	$	22	$	—	$	22
Total liabilities at fair value	$	—	$	22	$	—	$	22