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Other Income (Expense), Net | 12 Months Ended
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Jun. 29, 2025
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 29, 2025 |  | June 30, 2024 |  | June 25, 2023
| (in thousands)
Interest income | $ | 231,331 |  |  | $ | 251,938 |  |  | $ | 138,984 |
Interest expense | (178,203) |  |  | (185,236) |  |  | (186,462) |
Gains on deferred compensation plan related assets, net | 39,121 |  |  | 58,767 |  |  | 20,186 |
Foreign exchange losses, net | (26,412) |  |  | (4,837) |  |  | (7,078) |
Other, net | (8,676) |  |  | (24,323) |  |  | (31,280) |
| $ | 57,161 |  |  | $ | 96,309 |  |  | $ | (65,650) |
Interest income in the year ended June 29, 2025 decreased compared to the year ended June 30, 2024 primarily due to lower interest rates, partially offset by higher cash balances. Interest income in the year ended June 30, 2024 increased compared to the year ended June 25, 2023, primarily as a result of higher yields and higher cash balances. Interest expense decreased in fiscal year 2025 compared to fiscal year 2024 primarily due to the maturity of $500 million of the Company’s senior notes in March 2025. Interest expense was flat in fiscal year 2024 compared to fiscal year 2023. The gains on deferred compensation plan related assets, net in fiscal years 2025, 2024 and 2023 were driven by fluctuations in the fair market value of the underlying funds. The variations in other, net for the year ended June 29, 2025 compared to the years ended June 30, 2024 and June 25, 2023 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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