XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Oct. 03, 2025
Sep. 27, 2024
Income Statement [Abstract]    
Revenue, net $ 2,308 $ 1,883
Cost of revenue 1,621 1,157
Gross profit 687 726
Operating expenses:    
Research and development 316 283
Selling, general and administrative 179 130
Business separation costs 9 20
Employee termination and other (3) 2
Loss on sale of business divestiture 10 0
Total operating expenses 511 435
Operating income 176 291
Interest and other expense:    
Interest income 16 3
Interest expense (40) (2)
Other expense, net (28) (25)
Total interest and other expense, net (52) (24)
Income before taxes 124 267
Income tax expense 12 56
Net income $ 112 $ 211
Net income per common share:    
Basic (in dollars per share) $ 0.77 $ 1.46
Diluted (in dollars per share) $ 0.75 $ 1.46
Weighted average shares outstanding:    
Basic (in shares) 146 145
Diluted (in shares) 149 145