OTHER COMPREHENSIVE INCOME (Tables)

3 Months Ended

Sep. 28, 2024

Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Components of Other Comprehensive Income (Loss) and Related Tax Effects

A summary of the components of other comprehensive income (loss) and the related tax effects for each of the periods presented is as follows:

		13-Week Period Ended Sep. 28, 2024
	Location of Expense (Income) Recognized in Net Earnings	Before Tax Amount		Tax		Net of Tax Amount
		(In millions)
Foreign currency translation:
Foreign currency translation adjustment	N/A	$	168	$	—	$	168
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in cash flow hedges	Operating expenses (1)	(20)		(6)		(14)
Change in net investment hedges	N/A	(18)		(5)		(13)
Total other comprehensive (loss) before reclassification adjustments		(38)		(11)		(27)
Reclassification adjustments:
Amortization of cash flow hedges	Interest expense	2		1		1
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial gain and other adjustments arising in the current year	Other expense, net	31		8		23
Total other comprehensive income before reclassification adjustments		31		8		23
Reclassification adjustments:
Amortization of actuarial loss, net	Other expense, net	7		2		5
Total reclassification adjustments		7		2		5
Marketable securities:
Change in marketable securities (2)	N/A	4		1		3
Total other comprehensive income (loss)		$	174	$	1	$	173

(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 the first quarter of fiscal 2025.

		13-Week Period Ended Sep. 30, 2023
	Location of Expense (Income) Recognized in Net Earnings	Before Tax Amount		Tax		Net of Tax Amount
		(In millions)
Foreign currency translation:
Foreign currency translation adjustment	N/A	$	(108)	$	—	$	(108)
Hedging instruments:
Other comprehensive income before reclassification adjustments:
Change in cash flow hedges	Operating expenses (1)	34		7		27
Total other comprehensive income before reclassification adjustments		34		7		27
Reclassification adjustments:
Amortization of cash flow hedges	Interest expense	3		1		2
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial gain, arising in the current year	Other expense, net	1		—		1
Total other comprehensive income before reclassification adjustments		1		—		1
Reclassification adjustments:
Amortization of actuarial loss, net	Other expense, net	6		1		5
Marketable securities:
Change in marketable securities (2)	N/A	(1)		—		(1)
Total other comprehensive income (loss)		$	(65)	$	9	$	(74)

(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 the first quarter of fiscal 2024.

Schedule of Rollforward of Accumulated Other Comprehensive (Loss) Income

The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:

	13-Week Period Ended Sep. 28, 2024
	Foreign Currency Translation		Hedging, net of tax		Pension and Other Postretirement Benefit Plans, net of tax		Marketable Securities, net of tax		Total
	(In millions)
Balance as of June 29, 2024	$	(407)	$	(10)	$	(917)	$	(5)	$	(1,339)
Equity adjustment from foreign currency translation	168		—		—		—		168
Amortization of cash flow hedges	—		1		—		—		1
Change in net investment hedges	—		(13)		—		—		(13)
Change in cash flow hedges	—		(14)		—		—		(14)
Amortization of unrecognized net actuarial losses	—		—		5		—		5
Net actuarial gain and other adjustments arising in the current year	—		—		23		—		23
Change in marketable securities	—		—		—		3		3
Balance as of Sep. 28, 2024	$	(239)	$	(36)	$	(889)	$	(2)	$	(1,166)

	13-Week Period Ended Sep. 30, 2023
	Foreign Currency Translation		Hedging, net of tax		Pension and Other Postretirement Benefit Plans, net of tax		Marketable Securities, net of tax		Total
	(In millions)
Balance as of Jul. 1, 2023	$	(374)	$	(32)	$	(840)	$	(7)	$	(1,253)
Equity adjustment from foreign currency translation	(108)		—		—		—		(108)
Amortization of cash flow hedges	—		2		—		—		2
Change in cash flow hedges	—		27		—		—		27
Amortization of unrecognized net actuarial losses	—		—		5		—		5
Net actuarial gain arising in the current year	—		—		1		—		1
Change in marketable securities	—		—		—		(1)		(1)
Balance as of Sep. 30, 2023	$	(482)	$	(3)	$	(834)	$	(8)	$	(1,327)