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 Ended				Nine 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 leases	10		8		30		22
Operating lease assets obtained in exchange for operating lease liabilities	3		39		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 years	10.6		11.3
Weighted average discount rate	7.4	%	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
2027	37
2028	29
2029	26
2030	23
Thereafter	183
Total future minimum lease payments	308
Less: Imputed interest	101
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
2027	1,070
2028	1,596
2029	1,805
2030	1,365
Thereafter	92
Total	$	7,107