Shareholders' Equity (Tables)

6 Months Ended

Jan. 02, 2026

Equity [Abstract]

Schedule of Award Activity

The following table summarizes RSU and PSU award activity under the Company’s incentive plans during the six months ended January 2, 2026:

	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	3.3	53.91		—
Vested	(1.5)	37.18		163.88
Canceled/forfeited	(0.3)	38.06		—
RSUs and PSUs outstanding at January 2, 2026	8.1	$	45.42	$	163.88

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 January 2, 2026:

	Unamortized Compensation Costs		Weighted average service period
	(in millions)		(years)
RSUs and PSUs	$	385	2.61
ESPP	23		1.41
Total unamortized compensation cost	$	408

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				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
RSUs and PSUs	$	50	$	45	$	101	$	81
ESPP	8		3		10		8
Total	$	58	$	48	$	111	$	89

	Three Months Ended				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions)
Cost of revenue	$	5	$	3	$	9	$	9
Research and development	27		20		50		40
Selling general, and administrative	26		25		52		40
Subtotal	$	58	$	48	$	111	$	89
Tax benefit	(6)		(7)		(12)		(12)
Total	$	52	$	41	$	99	$	77