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Other Income (Expense), Net
12 Months Ended
Jun. 30, 2024
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 30,
2024
June 25,
2023
June 26,
2022
(in thousands)
Interest income$251,938 $138,984 $15,209 
Interest expense(185,236)(186,462)(184,759)
Gains (losses) on deferred compensation plan related assets, net58,767 20,186 (38,053)
Foreign exchange losses, net(4,837)(7,078)(723)
Other, net(24,323)(31,280)19,618 
$96,309 $(65,650)$(188,708)
Interest income in the year ended June 30, 2024, increased compared to the years ended June 25, 2023 and June 26, 2022, primarily as a result of higher yields and higher cash balances.
Interest expense in the year ended June 30, 2024, was flat compared to the years ended June 25, 2023 and June 26, 2022.
The gains or losses on deferred compensation plan related assets, net in fiscal years 2024, 2023 and 2022 were driven by fluctuations in the fair market value of the underlying funds.
The variations in other, net for the year ended June 30, 2024 compared to the years ended June 25, 2023 and June 26, 2022 were primarily driven by fluctuations in the fair market value of equity investments.