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OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Jun. 28, 2025
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:
  2025
 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$287 $— $287 
Hedging instruments:
Other comprehensive income (loss) before reclassification adjustments:
Change in excluded component of fair value
  hedge
Other expense (income), net(2)— (2)
Change in cash flow hedgesOperating expenses(7)(4)(3)
Change in net investment hedges N/A(65)(16)(49)
Total other comprehensive income (loss) before reclassification adjustments(74)(20)(54)
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense
Pension and other postretirement benefit plans:    
Other comprehensive income before reclassification adjustments:
Net actuarial gain (loss) and other adjustments arising in the current yearOther expense (income), net(28)(7)(21)
Reclassification adjustments:    
Amortization of actuarial loss, netOther expense (income), net28 20 
Total reclassification adjustments28 20 
Marketable securities:
Change in marketable securitiesOther expense (income), net— 
Total other comprehensive loss$223 $(18)$241 
  2024
 Location of Expense
(Income) Recognized
in Net Earnings
Before Tax
Amount
TaxNet of Tax
Amount
  (In millions)
Foreign currency translation:    
Foreign currency translation adjustmentN/A$(33)$— $(33)
Hedging instruments:    
Other comprehensive income (loss) before reclassification adjustments:
Change in excluded component of fair value
  hedge
Other expense (income), net— 
Change in cash flow hedgesOperating expenses21 16 
Change in net investment hedgesN/A(5)(2)(3)
Total other comprehensive income (loss) before reclassification adjustments18 15 
Reclassification adjustments:    
Amortization of cash flow hedgesInterest expense11 
Pension and other postretirement benefit plans:    
Other comprehensive income before reclassification adjustments:
Net actuarial loss, arising in the current yearOther expense (income), net(130)(33)(97)
Reclassification adjustments:    
Amortization of actuarial loss, netOther expense (income), net28 20 
Total reclassification adjustments28 20 
Marketable securities:
Change in marketable securitiesOther expense (income), net
Total other comprehensive income$(103)$(17)$(86)
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 hedgesOperating expenses(71)(16)(55)
Change in net investment hedges N/A(28)(7)(21)
Total other comprehensive income before reclassification adjustments(99)(23)(76)
Reclassification adjustments:
Amortization of cash flow hedgesInterest expense11 
Pension and other postretirement benefit plans:
Other comprehensive income before reclassification adjustments:
Net actuarial loss, arising in the current yearOther expense (income), net(121)(32)(89)
SettlementsOther expense (income), net315 78 237 
Total other comprehensive income before reclassification adjustments194 46 148 
Reclassification adjustments:
Amortization of actuarial loss, netOther expense (income), net32 24 
Total reclassification adjustments32 24 
Marketable securities:
Change in marketable securitiesOther expense (income), net(2)— (2)
Total other comprehensive loss$263 $34 $229 
Schedule of rollforward of accumulated other comprehensive (loss) income
The following tables provide a summary of the changes in accumulated other comprehensive (loss) income for the periods presented:
 Foreign Currency TranslationHedging, net of taxPension and Other Postretirement Benefit Plans,
net of tax
Marketable SecuritiesTotal
 (In millions)
Balance as of Jul. 2, 2022$(501)$36 $(1,012)$(5)$(1,482)
Other comprehensive income before
    reclassification adjustments
127 (76)148 — 199 
Amounts reclassified from accumulated
    other comprehensive loss
— 24 — 32 
Change in marketable securities— — — (2)(2)
Balance as of Jul. 1, 2023(374)(32)(840)(7)(1,253)
Other comprehensive income before
    reclassification adjustments
(33)15 (97)— (115)
Amounts reclassified from accumulated
    other comprehensive loss
— 20 — 27 
Change in marketable securities— — — 
Balance as of Jun. 29, 2024(407)(10)(917)(5)(1,339)
Other comprehensive income before
    reclassification adjustments
287 (54)(21)— 212 
Amounts reclassified from accumulated
    other comprehensive loss
— 20 — 25 
Change in marketable securities— — — 
Balance as of Jun. 28, 2025$(120)$(59)$(918)$(1)$(1,098)