Leases and Other Commitments (Tables)

9 Months Ended

Mar. 28, 2025

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:

	March 28, 2025		June 28, 2024
	(in millions)
Operating lease right-of-use assets (included in other non-current assets)	$	216	$	179
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in accrued expenses)	24		11
Long-term operating lease liabilities (included in other liabilities)	196		171
Total operating lease liabilities	$	220	$	182

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
	March 28, 2025		March 29, 2024		March 28, 2025		March 29, 2024
	(in millions)
Cost of operating leases	$	11	$	7	$	27	$	20
Cash paid for operating leases	8		8		22		22
Operating lease assets obtained in exchange for operating lease liabilities	39		—		43		167

The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:

	March 28, 2025		June 28, 2024
Weighted average remaining lease term in years	11.3		13.7
Weighted average discount rate	7.3	%	7.5	%

Schedule of Minimum Lease Payments

As of March 28, 2025, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Minimum lease payments by fiscal year:
Remaining three months of 2025	$	9
2026	38
2027	34
2028	28
2029	24
Thereafter	202
Total future minimum lease payments	335
Less: Imputed interest	115
Present value of lease liabilities	$	220

Schedule of Minimum Long-Term Commitments

As of March 28, 2025, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
Remaining three months of 2025	$	26
2026	372
2027	583
2028	570
2029	570
Thereafter	660
Total	$	2,781