XML 43 R32.htm IDEA: XBRL DOCUMENT v3.26.1
Leases and Other Commitments (Tables)
9 Months Ended
Apr. 03, 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:
April 3,
2026
June 27,
2025
(in millions)
Operating lease right-of-use assets (included in other non-current assets)$199 $214 
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in accrued expenses)25 26 
Long-term operating lease liabilities (included in other liabilities) 182 193 
Total operating lease liabilities$207 $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 EndedNine Months Ended
April 3,
2026
March 28,
2025
April 3,
2026
March 28,
2025
(in millions)
Cost of operating leases$11 $11 $34 $27 
Cash paid for operating leases10 30 22 
Operating lease assets obtained in exchange for operating lease liabilities39 10 43 
The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:
April 3,
2026
March 28,
2025
Weighted average remaining lease term in years10.611.3
Weighted average discount rate7.4 %7.3 %
Schedule of Minimum Lease Payments
As of April 3, 2026, remaining minimum lease payments were as follows:
Lease Amounts
(in millions)
Minimum lease payments by fiscal year:
Remaining three months of 2026$10 
202737 
202829 
202926 
203023 
Thereafter183 
Total future minimum lease payments308 
Less: Imputed interest101 
Present value of lease liabilities$207 
Schedule of Minimum Long-Term Commitments
As of April 3, 2026, the Company had the following minimum long-term commitments, which includes the commitment to purchase shares of Nanya that was satisfied on April 8, 2026, see Note 16, Subsequent Events:
Long-term commitments
(in millions)
Fiscal year:
Remaining three months of 2026$1,179 
20271,070 
20281,596 
20291,805 
20301,365 
Thereafter92 
Total$7,107