SUMMARY OF ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 28, 2025

Accounting Policies [Abstract]

Schedule of Supplier Finance Program

Our outstanding payment obligations that suppliers financed to participating financial institutions, which are included in accounts payable on the consolidated balance sheets, are as follows:

	2025
	(In millions)
Confirmed obligations outstanding as of June 29, 2024	$	102
Invoices confirmed during the year	1,186
Confirmed invoices paid during the year	(1,195)
Confirmed obligations outstanding as of June 28, 2025	$	93

Schedule of Cash and Cash Equivalents

The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the consolidated balance sheets:

	Jun. 28, 2025		Jun. 29, 2024		Jul. 1, 2023
	(In millions)
Cash and cash equivalents	$	1,071	$	696	$	745
Restricted cash (1)	277		249		221
Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows	$	1,348	$	945	$	966

(1) Restricted cash primarily represents cash and cash equivalents of the Captive which is restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.

Schedule of Restrictions on Cash and Cash Equivalents

The following table sets forth the company’s reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Cash Flows that sum to the total of the same such amounts shown in the consolidated balance sheets:

	Jun. 28, 2025		Jun. 29, 2024		Jul. 1, 2023
	(In millions)
Cash and cash equivalents	$	1,071	$	696	$	745
Restricted cash (1)	277		249		221
Total cash, cash equivalents and restricted cash shown in the Consolidated Statement of Cash Flows	$	1,348	$	945	$	966

(1) Restricted cash primarily represents cash and cash equivalents of the Captive which is restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.

Schedule of Non-cash Investing and Financing Activities

The following table sets forth the company’s non-cash investing and financing activities:

	Jun. 28, 2025		Jun. 29, 2024		Jul. 1, 2023
	(In millions)
Non-cash investing and financing activities:
Plant and equipment acquired through financing programs	$	281	$	402	$	197
Assets obtained in exchange for finance lease obligations	202		115		114