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Other Income (Expense), Net
 12 Months Ended
Jun. 26, 2022
Other Income and Expenses [Abstract]  
Other Income (Expense), Net Other Income (Expense), Net
The significant components of other income (expense), net, were as follows:
 Year Ended
June 26,
2022		June 27,
2021		June 28,
2020
(in thousands)
Interest income$15,209 $19,687 $85,433 
Interest expense(184,759)(208,597)(177,440)
(Losses) gains on deferred compensation plan related assets, net(38,053)61,838 5,999 
Foreign exchange (losses) gains, net(723)(6,962)(3,317)
Other, net19,618 22,815 (9,499)
$(188,708)$(111,219)$(98,824)
Interest income in the year ended June 26, 2022, decreased compared to the year ended June 27, 2021, primarily as a result of lower cash balances. Interest income decreased in the year ended June 27, 2021, compared to the year ended June 28, 2020, as a result of lower yield.
Interest expense in the year ended June 26, 2022, decreased compared to the year ended June 27, 2021, primarily due to the payoff of $800 million of senior notes in June 2021. The increase in interest expense in the year ended June 27, 2021, compared to the year ended June 28, 2020, primarily due to the full year impact of the issuance of the $2.0 billion senior notes in fiscal year 2020.
The gains or losses on deferred compensation plan related assets, net in fiscal years 2022, 2021 and 2020 were driven by fluctuations in the fair market value of the underlying funds.
The variation in other, net for the year ended June 26, 2022 compared to the years ended June 27, 2021 and June 28, 2020 were primarily driven by fluctuations in the fair market value of equity investments.