Net Income per Common Share (Tables)

3 Months Ended

Oct. 03, 2025

Earnings Per Share [Abstract]

Schedule of Net Income (loss) per Common Share

The following table presents the computation of basic and diluted income per common share:

	Three Months Ended
	October 3, 2025		September 27, 2024
	(in millions, except per share amounts)
Net income	$	112	$	211
Weighted average shares outstanding:
Basic	146		145
Diluted (1)	149		145
Net income per common share:
Basic	$	0.77	$	1.46
Diluted (1)	$	0.75	$	1.46

(1) For the three months ended October 3, 2025, 0.7 million weighted average outstanding awards were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive.