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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Mar. 28, 2025
Mar. 29, 2024
Mar. 28, 2025
Mar. 29, 2024
Income Statement [Abstract]        
Revenue, net $ 1,695,000,000 $ 1,705,000,000 $ 5,454,000,000 $ 4,903,000,000
Cost of revenue 1,313,000,000 1,242,000,000 3,740,000,000 4,467,000,000
Gross profit 382,000,000 463,000,000 1,714,000,000 436,000,000
Operating expenses:        
Research and development 285,000,000 277,000,000 847,000,000 763,000,000
Selling, general and administrative 139,000,000 107,000,000 411,000,000 338,000,000
Goodwill impairment 1,830,000,000 0 1,830,000,000 0
Business separation costs 9,000,000 12,000,000 50,000,000 46,000,000
Employee termination and other 0 2,000,000 5,000,000 (44,000,000)
Gain on business divestiture 0 0 (34,000,000) 0
Total operating expenses 2,263,000,000 398,000,000 3,109,000,000 1,103,000,000
Operating income (loss) (1,881,000,000) 65,000,000 (1,395,000,000) (667,000,000)
Interest and other expense:        
Interest income 6,000,000 3,000,000 11,000,000 9,000,000
Interest expense (16,000,000) (9,000,000) (22,000,000) (31,000,000)
Other expense, net (10,000,000) (5,000,000) (55,000,000) (11,000,000)
Total interest and other expense, net (20,000,000) (11,000,000) (66,000,000) (33,000,000)
Income (loss) before taxes (1,901,000,000) 54,000,000 (1,461,000,000) (700,000,000)
Income tax expense 32,000,000 27,000,000 157,000,000 92,000,000
Net income (loss) $ (1,933,000,000) $ 27,000,000 $ (1,618,000,000) $ (792,000,000)
Net income (loss) per common share:        
Basic (in dollars per share) $ (13.33) $ 0.19 $ (11.16) $ (5.46)
Diluted (in dollars per share) $ (13.33) $ 0.19 $ (11.16) $ (5.46)
Weighted average shares outstanding:        
Basic (in shares) 145 145 145 145
Diluted (in shares) 145 145 145 145