Fair Value Measurements and Investments (Tables)

6 Months Ended

Dec. 27, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s financial instruments that were measured at fair value on a recurring basis for the periods presented and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:

	December 27, 2024
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Cash equivalents - Money market funds	$	232	$	—	$	—	$	232
Foreign exchange contracts (included in other current assets)	—		17		—		17
Total assets at fair value	$	232	$	17	$	—	$	249
Liabilities:
Foreign exchange contracts (included in accrued expenses)	$	—	$	145	$	—	$	145
Total liabilities at fair value	$	—	$	145	$	—	$	145

	June 28, 2024
	Level 1		Level 2		Level 3		Total
	(in millions)
Assets:
Cash equivalents - Money market funds	$	28	$	—	$	—	$	28
Foreign exchange contracts (included in other current assets)	—		7		—		7
Total assets at fair value	$	28	$	7	$	—	$	35
Liabilities:
Foreign exchange contracts (included in accrued expenses)	$	—	$	179	$	—	$	179
Total liabilities at fair value	$	—	$	179	$	—	$	179