Shareholders' Equity (Tables)

9 Months Ended

Apr. 03, 2026

Equity [Abstract]

Schedule of Award Activity

The following table summarizes RSU and PSU award activity under the Company’s incentive plans during the nine months ended April 3, 2026:

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vesting Date
	(in millions)
RSUs and PSUs outstanding at June 27, 2025	6.6	$	38.98	$	—
Granted	3.3	62.59		—
Vested	(2.0)	36.60		492.42
Canceled/forfeited	(0.3)	39.18		—
RSUs and PSUs outstanding at April 3, 2026	7.6	$	49.98	$	492.42

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 April 3, 2026:

	Unamortized Compensation Costs		Weighted average service period
	(in millions)		(years)
RSUs and PSUs	$	364	2.44
ESPP	19		1.17
Total unamortized compensation cost	$	383

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				Nine Months Ended
	April 3, 2026		March 28, 2025		April 3, 2026		March 28, 2025
	(in millions)
RSUs and PSUs	$	50	$	43	$	151	$	124
ESPP	4		1		14		9
Total	$	54	$	44	$	165	$	133

	Three Months Ended				Nine Months Ended
	April 3, 2026		March 28, 2025		April 3, 2026		March 28, 2025
	(in millions)
Cost of revenue	$	4	$	3	$	13	$	12
Research and development	25		20		75		60
Selling, general, and administrative	25		21		77		61
Subtotal	$	54	$	44	$	165	$	133
Tax expense (benefit)	(5)		5		(17)		(26)
Total	$	49	$	49	$	148	$	107