Leases and Other Commitments (Tables)

3 Months Ended

Oct. 03, 2025

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:

	October 3, 2025		June 27, 2025
	(in millions)
Operating lease right-of-use assets (included in other non-current assets)	$	207	$	214
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in accrued expenses)	24		26
Long-term operating lease liabilities (included in other liabilities)	188		193
Total operating lease liabilities	$	212	$	219

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
	October 3, 2025		September 27, 2024
	(in millions)
Cost of operating leases	$	11	$	7
Cash paid for operating leases	10		7
Operating lease assets obtained in exchange for operating lease liabilities	2		—

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

	October 3, 2025		September 27, 2024
Weighted average remaining lease term in years	10.9		13.6
Weighted average discount rate	7.3	%	7.5	%

Schedule of Minimum Lease Payments

As of October 3, 2025, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Minimum lease payments by fiscal year:
Remaining nine months of 2026	$	29
2027	36
2028	28
2029	24
2030	20
Thereafter	182
Total future minimum lease payments	319
Less: Imputed interest	107
Present value of lease liabilities	$	212

Schedule of Minimum Long-Term Commitments

As of October 3, 2025, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
Remaining nine months of 2026	$	98
2027	583
2028	570
2029	570
2030	570
Thereafter	90
Total	$	2,481