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Pay vs Performance Disclosure
 12 Months Ended
Jun. 25, 2023
USD ($)
Jun. 26, 2022
USD ($)
Jun. 27, 2021
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

Pay Versus Performance

The following disclosure has been prepared in accordance with the pay versus performance disclosure requirements set forth in Item 402(v) of Regulation S-K under the Exchange Act, which requires the presentation of certain information about the relationship between the compensation of our NEOs and our performance. Amounts reported as “Compensation Actually Paid” differ from the compensation amounts disclosed elsewhere in this proxy statement and do not reflect the value of the compensation actually received by the NEOs, including our CEO, who serves as our principal executive officer (“PEO”). For information about how our executive compensation program seeks to align pay with performance, please refer to “Executive Compensation and Other Information – Compensation Discussion and Analysis” beginning on page 28.

Figure 59. Pay Versus Performance

  Fiscal Year   Summary Compensation Table Total for
PEO
($)(1)		   Compensation
Actually Paid to
PEO
($)(1)(2)		   Average Summary Compensation
Table Total for
Non-PEO Named Executive
Officers
($)(1)		   Average
Compensation
Actually Paid to
Non-PEO Named Executive
Officers
($)(1)(2)		   Value of Initial Fixed $100
Investment Based On: (3)		   Net Income
($ in
thousands) 		  Non-GAAP
Operating
Income as a
Percentage of Revenue
(%)(5)		  
            Total
Shareholder Return
($)		 Peer Group
Total
Shareholder Return
($)(4)		      
  2023   18,310,099   35,457,770   4,654,089   8,924,931   209 190   4,510,931   30.7  
  2022   16,941,156   10,266,747   4,179,804   3,029,959   152 145   4,605,286   31.3  
  2021   15,495,736   56,855,461   4,171,767   17,871,377   211 171   3,908,458   31.5  
(1) Timothy M. Archer was our CEO for each of the years presented. Our other NEOs, other than the CEO, during the years presented were as follows:
  • FY 2023: Douglas R. Bettinger, Patrick J. Lord, Vahid Vahedi and Seshasayee (Sesha) Varadarajan
  • FY 2022: Douglas R. Bettinger, Patrick J. Lord, Vahid Vahedi and Seshasayee (Sesha) Varadarajan
  • FY 2021: Douglas R. Bettinger, Richard A. Gottscho, Patrick J. Lord and Vahid Vahedi
(2) The following table presents the amounts deducted from and added to our CEO’s total compensation for each year, as well as the average amounts deducted from and added to the average of the total compensation for the other NEOs, other than the CEO, for each year, as reported in the Summary Compensation Table, in order to determine the “compensation actually paid” to our CEO and the average “compensation actually paid” to the other NEOs, in accordance with SEC rules. Neither our CEO nor the other NEOs participated in any defined benefit or actuarial pension plans (including supplemental plans) during the years presented, and no such plans are reported in the Summary Compensation Table. As a result, no information regarding deductions or additions related to pension plans is presented.

For purposes of these adjustments, the fair value of equity awards was determined as follows: (i) for service-based RSUs at fiscal year-end, using the closing price of the Company’s common stock on the last trading day preceding the fiscal year-end; (ii) for Market-based PRSUs at fiscal year-end, using a Monte Carlo simulation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; (iii) for service-based RSUs and Market-based PRSUs upon vesting, using the closing price of the Company’s common stock on the vesting date; (iv) for stock option awards at fiscal year-end, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; and (v) for stock option awards upon vesting, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the vesting date.

      CEO   Other NEOs (Average)  
  Adjustments   FY 2023   FY 2022   FY 2021   FY 2023   FY 2022   FY 2021  
  Summary Compensation Table (SCT) Total   18,310,099   16,941,156   15,495,736   4,654,089   4,179,804   4,171,767  
  (Deduct): SCT "Stock Awards" column value   (11,291,907 ) (10,079,176 ) (11,071,172 ) (2,709,589 ) (2,122,367 ) (2,591,242 )
  (Deduct): SCT "Option Awards" column value   (3,643,192 ) (2,669,527 ) (1,195,482 ) (737,158 ) (510,227 ) (295,211 )
  Add: year-end fair value of equity awards granted in the applicable fiscal year that are outstanding and unvested as of the applicable fiscal year-end   18,979,835   11,041,230   13,042,142   4,391,629   2,280,231   3,081,156  
  Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the applicable fiscal year-end   7,625,472   (7,109,304 ) 27,474,359   1,681,231   (1,644,600 ) 8,431,240  
  Add: vesting date fair value of equity awards granted and vested in the applicable fiscal year   —   —   —   —   —   —  
  Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that vested in the applicable fiscal year   5,477,463   2,142,368   13,109,878   1,644,729   847,118   5,073,667  
  (Deduct): fair value as of prior year-end of equity awards granted in prior years that failed to vest in the applicable fiscal year   —   —   —   —   —   —  
  Add: dollar value of dividends/earnings paid on equity awards in the applicable fiscal year   —   —   —   —   —   —  
  Compensation Actually Paid   35,457,770   10,266,747   56,855,461   8,924,931   3,029,959   17,871,377
  

(3) Total shareholder return is calculated based on the value of an initial fixed investment of $100 on June 26, 2020 through the end of the listed fiscal year, and assuming dividends are reinvested.
(4) The peer group used is the PHLX Semiconductor Sector Total Return Index, which is the same peer group used in Part II, Item 5 of our Form 10-K.
(5) Appendix A contains a reconciliation of non-GAAP operating income as a percentage of revenue to the results reported in our financial statements.
   
Company Selected Measure Name non-GAAP operating income as a percentage of revenue    
Named Executive Officers, Footnote [Text Block]
(1) Timothy M. Archer was our CEO for each of the years presented. Our other NEOs, other than the CEO, during the years presented were as follows:
  • FY 2023: Douglas R. Bettinger, Patrick J. Lord, Vahid Vahedi and Seshasayee (Sesha) Varadarajan
  • FY 2022: Douglas R. Bettinger, Patrick J. Lord, Vahid Vahedi and Seshasayee (Sesha) Varadarajan
  • FY 2021: Douglas R. Bettinger, Richard A. Gottscho, Patrick J. Lord and Vahid Vahedi
   
Peer Group Issuers, Footnote [Text Block]
(4) The peer group used is the PHLX Semiconductor Sector Total Return Index, which is the same peer group used in Part II, Item 5 of our Form 10-K.
   
PEO Total Compensation Amount $ 18,310,099 $ 16,941,156 $ 15,495,736
PEO Actually Paid Compensation Amount $ 35,457,770 10,266,747 56,855,461
Adjustment To PEO Compensation, Footnote [Text Block]
(2) The following table presents the amounts deducted from and added to our CEO’s total compensation for each year, as well as the average amounts deducted from and added to the average of the total compensation for the other NEOs, other than the CEO, for each year, as reported in the Summary Compensation Table, in order to determine the “compensation actually paid” to our CEO and the average “compensation actually paid” to the other NEOs, in accordance with SEC rules. Neither our CEO nor the other NEOs participated in any defined benefit or actuarial pension plans (including supplemental plans) during the years presented, and no such plans are reported in the Summary Compensation Table. As a result, no information regarding deductions or additions related to pension plans is presented.

For purposes of these adjustments, the fair value of equity awards was determined as follows: (i) for service-based RSUs at fiscal year-end, using the closing price of the Company’s common stock on the last trading day preceding the fiscal year-end; (ii) for Market-based PRSUs at fiscal year-end, using a Monte Carlo simulation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; (iii) for service-based RSUs and Market-based PRSUs upon vesting, using the closing price of the Company’s common stock on the vesting date; (iv) for stock option awards at fiscal year-end, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; and (v) for stock option awards upon vesting, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the vesting date.

      CEO   Other NEOs (Average)  
  Adjustments   FY 2023   FY 2022   FY 2021   FY 2023   FY 2022   FY 2021  
  Summary Compensation Table (SCT) Total   18,310,099   16,941,156   15,495,736   4,654,089   4,179,804   4,171,767  
  (Deduct): SCT "Stock Awards" column value   (11,291,907 ) (10,079,176 ) (11,071,172 ) (2,709,589 ) (2,122,367 ) (2,591,242 )
  (Deduct): SCT "Option Awards" column value   (3,643,192 ) (2,669,527 ) (1,195,482 ) (737,158 ) (510,227 ) (295,211 )
  Add: year-end fair value of equity awards granted in the applicable fiscal year that are outstanding and unvested as of the applicable fiscal year-end   18,979,835   11,041,230   13,042,142   4,391,629   2,280,231   3,081,156  
  Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the applicable fiscal year-end   7,625,472   (7,109,304 ) 27,474,359   1,681,231   (1,644,600 ) 8,431,240  
  Add: vesting date fair value of equity awards granted and vested in the applicable fiscal year   —   —   —   —   —   —  
  Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that vested in the applicable fiscal year   5,477,463   2,142,368   13,109,878   1,644,729   847,118   5,073,667  
  (Deduct): fair value as of prior year-end of equity awards granted in prior years that failed to vest in the applicable fiscal year   —   —   —   —   —   —  
  Add: dollar value of dividends/earnings paid on equity awards in the applicable fiscal year   —   —   —   —   —   —  
  Compensation Actually Paid   35,457,770   10,266,747   56,855,461   8,924,931   3,029,959   17,871,377
  
   
Non-PEO NEO Average Total Compensation Amount $ 4,654,089 4,179,804 4,171,767
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,924,931 3,029,959 17,871,377
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(2) The following table presents the amounts deducted from and added to our CEO’s total compensation for each year, as well as the average amounts deducted from and added to the average of the total compensation for the other NEOs, other than the CEO, for each year, as reported in the Summary Compensation Table, in order to determine the “compensation actually paid” to our CEO and the average “compensation actually paid” to the other NEOs, in accordance with SEC rules. Neither our CEO nor the other NEOs participated in any defined benefit or actuarial pension plans (including supplemental plans) during the years presented, and no such plans are reported in the Summary Compensation Table. As a result, no information regarding deductions or additions related to pension plans is presented.

For purposes of these adjustments, the fair value of equity awards was determined as follows: (i) for service-based RSUs at fiscal year-end, using the closing price of the Company’s common stock on the last trading day preceding the fiscal year-end; (ii) for Market-based PRSUs at fiscal year-end, using a Monte Carlo simulation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; (iii) for service-based RSUs and Market-based PRSUs upon vesting, using the closing price of the Company’s common stock on the vesting date; (iv) for stock option awards at fiscal year-end, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the fiscal year-end; and (v) for stock option awards upon vesting, using a Black-Scholes option valuation model with assumptions for expected volatility, risk-free interest rate, expected term and dividend yield determined as of the vesting date.

      CEO   Other NEOs (Average)  
  Adjustments   FY 2023   FY 2022   FY 2021   FY 2023   FY 2022   FY 2021  
  Summary Compensation Table (SCT) Total   18,310,099   16,941,156   15,495,736   4,654,089   4,179,804   4,171,767  
  (Deduct): SCT "Stock Awards" column value   (11,291,907 ) (10,079,176 ) (11,071,172 ) (2,709,589 ) (2,122,367 ) (2,591,242 )
  (Deduct): SCT "Option Awards" column value   (3,643,192 ) (2,669,527 ) (1,195,482 ) (737,158 ) (510,227 ) (295,211 )
  Add: year-end fair value of equity awards granted in the applicable fiscal year that are outstanding and unvested as of the applicable fiscal year-end   18,979,835   11,041,230   13,042,142   4,391,629   2,280,231   3,081,156  
  Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that are outstanding and unvested as of the applicable fiscal year-end   7,625,472   (7,109,304 ) 27,474,359   1,681,231   (1,644,600 ) 8,431,240  
  Add: vesting date fair value of equity awards granted and vested in the applicable fiscal year   —   —   —   —   —   —  
  Add (Deduct): year-over-year change in fair value of equity awards granted in prior years that vested in the applicable fiscal year   5,477,463   2,142,368   13,109,878   1,644,729   847,118   5,073,667  
  (Deduct): fair value as of prior year-end of equity awards granted in prior years that failed to vest in the applicable fiscal year   —   —   —   —   —   —  
  Add: dollar value of dividends/earnings paid on equity awards in the applicable fiscal year   —   —   —   —   —   —  
  Compensation Actually Paid   35,457,770   10,266,747   56,855,461   8,924,931   3,029,959   17,871,377
  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Relationship Between Compensation Actually Paid and Performance

The following graphs present the relationships between: (i) “compensation actually paid” (“CAP”), as disclosed in the Pay Versus Performance table, compared to our total shareholder return (“TSR”); (ii) our TSR compared to the TSR of the PHLX Semiconductor Sector Total Return Index, which is the Company’s “peer group” for purposes of the Pay Versus Performance table; (iii) CAP as disclosed in the Pay Versus Performance table compared to our net income; and (iv) CAP as disclosed in the Pay Versus Performance table compared to our non-GAAP operating income as a percentage of revenue.9

Figure 60. Relationships Between Compensation Actually Paid and Performance and Company TSR and Peer Group TSR

 
9 Appendix A contains a reconciliation of non-GAAP operating income as a percentage of revenue to the results reported in our financial statements.
(1) Total shareholder return is calculated based on the value of an initial fixed investment of $100 on June 26, 2020 through the end of the listed fiscal year, and assuming dividends are reinvested.
   
Compensation Actually Paid vs. Net Income [Text Block]

Relationship Between Compensation Actually Paid and Performance

The following graphs present the relationships between: (i) “compensation actually paid” (“CAP”), as disclosed in the Pay Versus Performance table, compared to our total shareholder return (“TSR”); (ii) our TSR compared to the TSR of the PHLX Semiconductor Sector Total Return Index, which is the Company’s “peer group” for purposes of the Pay Versus Performance table; (iii) CAP as disclosed in the Pay Versus Performance table compared to our net income; and (iv) CAP as disclosed in the Pay Versus Performance table compared to our non-GAAP operating income as a percentage of revenue.9


    
Compensation Actually Paid vs. Company Selected Measure [Text Block]

Relationship Between Compensation Actually Paid and Performance

The following graphs present the relationships between: (i) “compensation actually paid” (“CAP”), as disclosed in the Pay Versus Performance table, compared to our total shareholder return (“TSR”); (ii) our TSR compared to the TSR of the PHLX Semiconductor Sector Total Return Index, which is the Company’s “peer group” for purposes of the Pay Versus Performance table; (iii) CAP as disclosed in the Pay Versus Performance table compared to our net income; and (iv) CAP as disclosed in the Pay Versus Performance table compared to our non-GAAP operating income as a percentage of revenue.9


(2) Appendix A contains a reconciliation of non-GAAP operating income as a percentage of revenue to the results reported in our financial statements.
   
Total Shareholder Return Vs Peer Group [Text Block]

Relationship Between Compensation Actually Paid and Performance

The following graphs present the relationships between: (i) “compensation actually paid” (“CAP”), as disclosed in the Pay Versus Performance table, compared to our total shareholder return (“TSR”); (ii) our TSR compared to the TSR of the PHLX Semiconductor Sector Total Return Index, which is the Company’s “peer group” for purposes of the Pay Versus Performance table; (iii) CAP as disclosed in the Pay Versus Performance table compared to our net income; and (iv) CAP as disclosed in the Pay Versus Performance table compared to our non-GAAP operating income as a percentage of revenue.9

Figure 60. Relationships Between Compensation Actually Paid and Performance and Company TSR and Peer Group TSR

 
9 Appendix A contains a reconciliation of non-GAAP operating income as a percentage of revenue to the results reported in our financial statements.
(1) Total shareholder return is calculated based on the value of an initial fixed investment of $100 on June 26, 2020 through the end of the listed fiscal year, and assuming dividends are reinvested.
   
Tabular List [Table Text Block]

Tabular List of Financial Performance Measures

The following table includes an unranked list of the financial performance measures that, in our assessment, represent the most important financial performance measures used by us to link compensation actually paid to our NEOs, for fiscal year 2023, to our performance. For more information about how these measures factor into our executive compensation program, please refer to “Executive Compensation and Other Information – Compensation Discussion and Analysis” beginning on page 28.

Figure 61. Financial Performance Measures

  Non-GAAP operating income as a percentage of revenue (Company-Selected Measure)  
  Relative TSR (defined as the Company’s TSR relative to the TSR of the PHLX Semiconductor Sector Total Return Index)  
  Non-GAAP gross margin as a percentage of revenue
  
   
Total Shareholder Return Amount $ 209 152 211
Peer Group Total Shareholder Return Amount 190 145 171
Net Income (Loss) $ 4,510,931,000 $ 4,605,286,000 $ 3,908,458,000
Company Selected Measure Amount 0.307 0.313 0.315
PEO Name Timothy M. Archer Timothy M. Archer Timothy M. Archer
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Non-GAAP operating income as a percentage of revenue    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Relative TSR    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Non-GAAP gross margin as a percentage of revenue    
PEO [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (11,291,907) $ (10,079,176) $ (11,071,172)
PEO [Member] | Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,643,192) (2,669,527) (1,195,482)
PEO [Member] | Year-End Fair Value of Equity Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested as of the Applicable Fiscal Year-End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 18,979,835 11,041,230 13,042,142
PEO [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested as of the Applicable Fiscal Year-End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 7,625,472 (7,109,304) 27,474,359
PEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,477,463 2,142,368 13,109,878
PEO [Member] | Fair Value as of Prior Year-End of Equity Awards Granted in Prior Years that Failed to Vest in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Dollar Value of Dividends/Earnings Paid on Equity Awards in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,709,589) (2,122,367) (2,591,242)
Non-PEO NEO [Member] | Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (737,158) (510,227) (295,211)
Non-PEO NEO [Member] | Year-End Fair Value of Equity Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested as of the Applicable Fiscal Year-End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,391,629 2,280,231 3,081,156
Non-PEO NEO [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that are Outstanding and Unvested as of the Applicable Fiscal Year-End [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,681,231 (1,644,600) 8,431,240
Non-PEO NEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Year-Over-Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,644,729 847,118 5,073,667
Non-PEO NEO [Member] | Fair Value as of Prior Year-End of Equity Awards Granted in Prior Years that Failed to Vest in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Dollar Value of Dividends/Earnings Paid on Equity Awards in the Applicable Fiscal Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0