Shareholders' equity

12 Months Ended

Jun. 28, 2025

Shareholders' equity

Shareholders' equity

3. Shareholders’ equity

Accumulated comprehensive loss

The following table includes the balances within “Accumulated other comprehensive loss”:

	June 28,		June 29,		July 1,
	2025		2024		2023
	(Thousands)
Accumulated translation adjustments and other	$	(131,448)	$	(382,801)	$	(328,975)
Accumulated pension liability adjustments, net of income taxes		(126,245)		(103,922)		(80,406)
Total accumulated other comprehensive loss	$	(257,693)	$	(486,723)	$	(409,381)

Substantially all amounts reclassified out of “Accumulated comprehensive loss, net of tax”, to operating expenses during fiscal 2025, 2024, and 2023 related to net periodic pension costs as discussed further in Note 10.

Share repurchase program

In August 2024, the Company’s Board of Directors approved an increase in the Company’s existing share repurchase plan. With this increase, the Company is authorized to repurchase up to an aggregate of $600 million of common stock. During fiscal 2025, the Company repurchased 5.9 million shares under existing programs for a total cost of $301.4 million, excluding excise tax. As of June 28, 2025, the Company had $364.1 million remaining under its increased share repurchase authorization.

Common stock dividend

During fiscal 2025, the Company paid dividends of $1.32 per common share and $113.3 million in total.