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OTHER COMPREHENSIVE INCOME
 12 Months Ended
Jun. 29, 2024
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
OTHER COMPREHENSIVE INCOME OTHER COMPREHENSIVE INCOME
Comprehensive income is net earnings plus certain other items that are recorded directly to shareholders’ equity, such as foreign currency translation adjustment, amounts related to certain hedging arrangements, amounts related to pension and other postretirement plans and changes in marketable securities. Comprehensive income was $1.9 billion, $2.0 billion and $1.0 billion for fiscal 2024, 2023 and 2022, respectively.

A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows:
  2024
 Location of Expense
(Income) Recognized
in Net Earnings		Before Tax
Amount		TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:
Foreign currency translation adjustmentN/A$(33)$— $(33)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in excluded component of fair value
  hedge		Other expense, net2 — 2 
Change in cash flow hedges
Operating expenses (1)
21 5 16 
Change in net investment hedges N/A(5)(2)(3)
Total other comprehensive income (loss) before reclassification adjustments18 3 15 
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense11 4 7 
Pension and other postretirement benefit plans:    
Other comprehensive income before reclassification adjustments:
Net actuarial loss, arising in the current yearOther expense, net(130)(33)(97)
Reclassification adjustments:    
Amortization of actuarial loss, netOther expense, net28 8 20 
Total reclassification adjustments28 8 20 
Marketable securities:
Change in marketable securities (2)
N/A3 1 2 
Total other comprehensive loss$(103)$(17)$(86)
(1)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
(2)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2024.
  2023
 Location of Expense
(Income) Recognized
in Net Earnings		Before Tax
Amount		TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:    
Foreign currency translation adjustmentN/A$127 $— $127 
Hedging instruments:    
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges
Operating expenses (1)
(71)(16)(55)
Change in net investment hedgesN/A(28)(7)(21)
Total other comprehensive income (loss) before reclassification adjustments(99)(23)(76)
Reclassification adjustments:    
Amortization of cash flow hedgesInterest expense11 3 8 
Pension and other postretirement benefit plans:    
Other comprehensive income before reclassification adjustments:
Net actuarial loss, arising in the current yearOther expense, net(121)(32)(89)
SettlementsOther expense, net315 78 237 
Total other comprehensive income before reclassification adjustments194 46 148 
Reclassification adjustments:    
Amortization of actuarial loss, netOther expense, net32 8 24 
Total reclassification adjustments32 8 24 
Marketable securities:
Change in marketable securities (2)
N/A(2)— (2)
Total other comprehensive income$263 $34 $229 
(1)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
(2)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2023.
2022
Location of Expense
(Income) Recognized
in Net Earnings		Before Tax
Amount		TaxNet of Tax
Amount
(In millions)
Foreign currency translation:
Foreign currency translation adjustmentN/A$(461)$— $(461)
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges
Operating expenses (1)
31 7 24 
Change in net investment hedges N/A72 18 54 
Total other comprehensive income before reclassification adjustments103 25 78 
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense11 2 9 
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial gain, arising in the current year(11)(2)(9)
Reclassification adjustments:
Amortization of actuarial loss, netOther expense, net75 16 59 
Total reclassification adjustments75 16 59 
Marketable securities:
Change in marketable securities (2)
N/A(12)(3)(9)
Total other comprehensive loss$(295)$38 $(333)
(1)
Amount partially impacts operating expense for fuel swaps accounted for as cash flow hedges.
(2)
Realized gains or losses on marketable securities are presented within other (income) expense, net in the consolidated results of operations; however, there were no significant gains or losses realized in fiscal 2022.
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:
 Foreign Currency TranslationHedging, net of taxPension and Other Postretirement Benefit Plans,
net of tax		Marketable SecuritiesTotal
 (In millions)
Balance as of Jul. 3, 2021$(40)$(51)$(1,062)$4 $(1,149)
Other comprehensive income before
    reclassification adjustments		(461)78 (9)— (392)
Amounts reclassified from accumulated
    other comprehensive loss		— 9 59 — 68 
Change in marketable securities— — — (9)(9)
Balance as of Jul. 2, 2022(501)36 (1,012)(5)(1,482)
Other comprehensive income before
    reclassification adjustments		127 (76)148 — 199 
Amounts reclassified from accumulated
    other comprehensive loss		— 8 24 — 32 
Change in marketable securities— — — (2)(2)
Balance as of Jul. 1, 2023(374)(32)(840)(7)(1,253)
Other comprehensive income before
    reclassification adjustments		(33)15 (97)— (115)
Amounts reclassified from accumulated
    other comprehensive loss		— 7 20 — 27 
Change in marketable securities— — — 2 2 
Balance as of Jun. 29, 2024$(407)$(10)$(917)$(5)$(1,339)