Segment Reporting

6 Months Ended

Jan. 02, 2026

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The following table presents the revenue, costs of revenue, operating expenses, and operating income of the Company’s reportable operating segment under its internal management reporting system, along with a reconciliation to consolidated net income. This presentation aligns with how the CODM evaluates performance and allocates resources.

	Three Months Ended				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
Revenue	$	3,025	$	1,876	$	5,333	$	3,759
Costs of revenue (1)	1,479		1,267		3,096		2,418
Operating expenses (1)	413		376		859		754
Stock-based compensation expenses	58		48		111		89
Employee termination and other	1		3		(2)		5
Business separation costs	9		21		18		41
(Gain) loss on business divestiture	—		(34)		10		(34)
Total interest and other expense, net	128		22		180		46
Income tax expense	134		69		146		125
Net income	$	803	$	104	$	915	$	315

(1) For purposes of the management view presented to the CODM, Costs of revenue excludes stock-based compensation and business separation costs, and Operating expenses excludes stock-based compensation, employee termination, and business separation, each of which are presented separately in the table above.