Net Income per Common Share (Tables)

6 Months Ended

Jan. 02, 2026

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				Six Months Ended
	January 2, 2026		December 27, 2024		January 2, 2026		December 27, 2024
	(in millions, except per share amounts)
Net income	$	803	$	104	$	915	$	315
Weighted average shares outstanding:
Basic	147		145		146		145
Diluted (1)	156		145		152		145
Net income per common share:
Basic	$	5.46	$	0.72	$	6.27	$	2.17
Diluted (1)	$	5.15	$	0.72	$	6.02	$	2.17

(1) For the three months ended January 2, 2026, 0.1 million weighted average outstanding awards were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. For the six months ended January 2, 2026, 0.1 million weighted average outstanding awards were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive.