Leases and Other Commitments (Tables)

12 Months Ended

Jun. 27, 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 Consolidated Balance Sheets:

	June 27, 2025		June 28, 2024
	(in millions)
Operating lease right-of-use assets (included in other non-current assets)	$	214	$	179
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in accrued expenses)	26		11
Long-term operating lease liabilities (included in other liabilities)	193		171
Total operating lease liabilities	$	219	$	182

Schedule of Supplemental Cash Flow

The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:

	June 27, 2025		June 28, 2024		June 30, 2023
	(in millions)
Cost of operating leases	$	38	$	29	$	21
Cash paid for operating leases	33		30		14
Operating lease assets obtained in exchange for operating lease liabilities	49		167		3
Decrease in operating lease liabilities and right-of-use assets due to lease remeasurement	—		71		—

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

	June 27, 2025		June 28, 2024
Weighted average remaining lease term in years	11.00		13.7
Weighted average discount rate	7.3	%	7.5	%

Schedule of Minimum Lease Payments

As of June 27, 2025, minimum lease payments were as follows:

	Lease Amounts
	(in millions)
Minimum lease payments by fiscal year:
2026	$	41
2027	35
2028	28
2029	24
2030	20
Thereafter	183
Total future minimum lease payments	331
Less: Imputed interest	112
Present value of lease liabilities	$	219

Schedule of Minimum Long-Term Commitments

As of June 27, 2025, the Company had the following minimum long-term commitments:

	Long-term commitments
	(in millions)
Fiscal year:
2026	$	250
2027	583
2028	570
2029	570
2030	570
Thereafter	90
Total	$	2,633