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Other Income (Expense), Net | 12 Months Ended
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Jun. 25, 2023
Other Income and Expenses [Abstract] |
Other Income (Expense), Net | Other Income (Expense), Net The significant components of other income (expense), net, were as follows:
| Year Ended
June 25, 2023 |  | June 26, 2022 |  | June 27, 2021
| (in thousands)
Interest income | $ | 138,984 |  |  | $ | 15,209 |  |  | $ | 19,687 |
Interest expense | (186,462) |  |  | (184,759) |  |  | (208,597) |
Gains (losses) on deferred compensation plan related assets, net | 20,186 |  |  | (38,053) |  |  | 61,838 |
Foreign exchange (losses) gains, net | (7,078) |  |  | (723) |  |  | (6,962) |
Other, net | (31,280) |  |  | 19,618 |  |  | 22,815 |
| $ | (65,650) |  |  | $ | (188,708) |  |  | $ | (111,219) |
Interest income in the year ended June 25, 2023, increased compared to the year ended June 26, 2022, primarily as a result of higher yields and higher cash balances. Interest income decreased in the year ended June 26, 2022, compared to the year ended June 27, 2021, as a result of lower cash balances. Interest expense in the year ended June 25, 2023, was flat compared to the year ended June 26, 2022. The decrease in interest expense in the year ended June 26, 2022, compared to the year ended June 27, 2021, was primarily due to the payoff of $800 million of senior notes in June 2021. The gains or losses on deferred compensation plan related assets, net in fiscal years 2023, 2022 and 2021 were driven by fluctuations in the fair market value of the underlying funds. The variations in other, net for the year ended June 25, 2023 compared to the years ended June 26, 2022 and June 27, 2021 were primarily driven by fluctuations in the fair market value of equity investments.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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