FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 29, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and liabilities measured at fair value table

The following tables present our assets measured at fair value on a recurring basis as of June 29, 2024 and July 1, 2023:

	Assets and Liabilities Measured at Fair Value as of Jun. 29, 2024
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Cash equivalents
Cash and cash equivalents	$	269	$	—	$	—	$	269
Other assets (1)	249		—		—		249
Total assets at fair value	$	518	$	—	$	—	$	518

(1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.

	Assets and Liabilities Measured at Fair Value as of Jul. 1, 2023
	Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Cash equivalents
Cash and cash equivalents	$	309	$	10	$	—	$	319
Other assets (1)	221		—		—		221
Total assets at fair value	$	530	$	10	$	—	$	540

(1) Represents restricted cash balance recorded within other assets in the consolidated balance sheet.