Employee Termination and Other Charges

9 Months Ended

Mar. 28, 2025

Restructuring and Related Activities [Abstract]

Business Realignment

The Company periodically incurs charges to realign its operations with anticipated market demand, primarily consisting of organization rationalization designed to streamline its business, reduce its cost structure and focus its resources. The Company has taken actions to reduce the amount of capital invested in facilities, including the sale-leaseback of its facility in Milpitas, California, in September 2023, as discussed in Part 1, Item 1, Note 11, Leases and Other Commitments of the Notes to Condensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q.

The Company recorded the following net charges related to these actions for the periods presented:


	Three Months Ended				Nine Months Ended
	March 28, 2025		March 29, 2024		March 28, 2025		March 29, 2024
	(in millions)
Employee termination benefits	$	—	$	—	$	2	$	14
Contract termination and other	—		2		3		2
Gain on sale-leaseback of facility	—		—		—		(60)
Total employee termination and other charges	$	—	$	2	$	5	$	(44)

The termination benefits accrual balance as of March 28, 2025 and the periodic activity during the three and nine months ended March 28, 2025 were not material.