INVENTORIES

6 Months Ended

Dec. 24, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. System shipments to customers in Japan, for which title does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until title transfers. Inventories consist of the following:

	December 24, 2023		June 25, 2023
	(in thousands)
Raw materials	$	3,143,828	$	3,196,988
Work-in-process	225,629		325,611
Finished goods	1,060,449		1,293,591
	$	4,429,906	$	4,816,190