Shareholders' Equity (Tables)

3 Months Ended

Oct. 03, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Award Activity

The following table summarizes RSU and PSU award activity under the Company’s incentive plans during the three months ended October 3, 2025:

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vest Date
	(in millions)
RSUs and PSUs outstanding at June 27, 2025	6.6	$	38.98	$	—
Granted	3.2	52.78		—
Issued	(1.0)	39.34		48.45
Canceled/forfeited	(0.2)	35.95		—
RSUs and PSUs outstanding at October 3, 2025	8.6	$	44.12	$	48.45

Schedule of Stock-based Compensation Awards

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of October 3, 2025:

	Unamortized Compensation Costs		Weighted average service period
	(in millions)		(years)
RSUs and PSUs	$	424	2.78
ESPP	—		—
Total unamortized compensation cost	$	424

Schedule of Stock-based Compensation Expense

The following tables present the Company’s stock-based compensation for equity-settled awards by type, financial statement line, and the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:

	Three Months Ended
	October 3, 2025		September 27, 2024
	(in millions)
RSUs and PSUs	$	51	$	36
ESPP	2		5
Total	$	53	$	41

	Three Months Ended
	October 3, 2025		September 27, 2024
	(in millions)
Cost of revenue	$	4	$	6
Research and development	23		15
Selling general, and administrative	26		20
Subtotal	$	53	$	41
Tax benefit	(6)		(5)
Total	$	47	$	36