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Employee Termination and Other Charges
12 Months Ended
Jun. 27, 2025
Restructuring and Related Activities [Abstract]  
Employee Termination and Other Charges Employee Termination and Other Charges
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 Note 11, Leases and Other Commitments.
The Company recorded the following net charges related to these actions for the periods presented:
202520242023
(in millions)
Employee termination benefits$18 $15 $68 
Other charges (gains):
Asset impairments and other charges (gains)— 
Contract termination and other— — 
Gain on sale-leaseback of facility— (60)— 
Total employee termination and other charges$21 $(40)$69 
The following table presents an analysis of the components of the activity against the reserve during the years ended June 27, 2025, and June 28, 2024, which consisted entirely of employee termination benefits:
Employee Termination Benefits
(in millions)
Accrual balance at June 30, 2023$
Charges15 
Cash payments(18)
Accrual balance at June 28, 2024— 
Charges18 
Cash payments(3)
Accrual balance at June 27, 2025$15