Leases and Other Commitments (Tables)

6 Months Ended

Jan. 02, 2026

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:

	January 2, 2026		June 27, 2025
	(in millions)
Operating lease right-of-use assets (included in other non-current assets)	$	203	$	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)	186		193
Total operating lease liabilities	$	210	$	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				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
Cost of operating leases	$	12	$	8	$	23	$	16
Cash paid for operating leases	10		7		20		14
Operating lease assets obtained in exchange for operating lease liabilities	5		4		7		4

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

	January 2, 2026		December 27, 2024
Weighted average remaining lease term in years	10.7		12.6
Weighted average discount rate	7.3	%	7.4	%

Schedule of Minimum Lease Payments

As of January 2, 2026, remaining minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Minimum lease payments by fiscal year:
Remaining six months of 2026	$	19
2027	37
2028	29
2029	25
2030	22
Thereafter	183
Total future minimum lease payments	315
Less: Imputed interest	105
Present value of lease liabilities	$	210

Schedule of Minimum Long-Term Commitments

As of January 2, 2026, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
Remaining six months of 2026	$	60
2027	601
2028	631
2029	584
2030	571
Thereafter	92
Total	$	2,539