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Income Taxes (Tables) | 12 Months Ended
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Jun. 29, 2025
Income Tax Disclosure [Abstract] |
Schedule of Components of Income (Loss) Before Income Taxes | The components of income before income taxes were as follows:
| Year Ended
| June 29, 2025 |  | June 30, 2024 |  | June 25, 2023
| (in thousands)
United States | $ | 219,435 |  |  | $ | 282,736 |  |  | $ | 151,759 |
Foreign | 5,738,694 |  |  | 4,077,486 |  |  | 4,957,451 |
| $ | 5,958,129 |  |  | $ | 4,360,222 |  |  | $ | 5,109,210 |
Schedule of Components of Provision (Benefit) for Income Taxes | Significant components of the provision (benefit) for income taxes attributable to income before income taxes were as follows:
| Year Ended
| June 29, 2025 |  | June 30, 2024 |  | June 25, 2023
| (in thousands)
Federal: |  |  |  |  |
Current | $ | 701,819 |  |  | $ | 566,106 |  |  | $ | 541,416 |
Deferred | (372,783) |  |  | (186,238) |  |  | (136,178) |
| 329,036 |  |  | 379,868 |  |  | 405,238 |
State: |  |  |  |  |
Current | 22,979 |  |  | 20,081 |  |  | 32,082 |
Deferred | 12,448 |  |  | (15,118) |  |  | (2,813) |
| 35,427 |  |  | 4,963 |  |  | 29,269 |
Foreign: |  |  |  |  |
Current | 238,363 |  |  | 143,595 |  |  | 196,842 |
Deferred | (2,914) |  |  | 4,024 |  |  | (33,070) |
| 235,449 |  |  | 147,619 |  |  | 163,772 |
Total provision for income taxes | $ | 599,912 |  |  | $ | 532,450 |  |  | $ | 598,279 |
Schedule of Components of Net Deferred Tax Assets and Liabilities | Significant components of the Company’s net deferred tax assets and liabilities were as follows:
| June 29, 2025 |  | June 30, 2024
| (in thousands)
Deferred tax assets: |  |  |
Tax carryforwards | $ | 431,533 |  |  | $ | 396,036 |
Allowances and reserves | 216,788 |  |  | 189,429 |
Equity-based compensation | 10,813 |  |  | 9,981 |
Inventory valuation differences | 61,484 |  |  | 64,135 |
Outside basis differences of foreign subsidiaries | 1,002,861 |  |  | 680,598 |
R&D capitalization | 96,594 |  |  | 75,196 |
Operating lease liabilities | 50,722 |  |  | 57,972 |
Intangible assets | 4,831 |  |  | 4,908 |
Other | 21,099 |  |  | 37,878 |
Gross deferred tax assets | 1,896,725 |  |  | 1,516,133 |
Valuation allowance | (424,347) |  |  | (389,315) |
Net deferred tax assets | 1,472,378 |  |  | 1,126,818 |
Deferred tax liabilities: |  |  |
Capital assets | (129,145) |  |  | (142,963) |
Amortization of goodwill | (11,102) |  |  | (11,287) |
Right-of-use assets | (50,722) |  |  | (57,337) |
Other | (6,370) |  |  | (6,596) |
Gross deferred tax liabilities | (197,339) |  |  | (218,183) |
Net deferred tax assets | $ | 1,275,039 |  |  | $ | 908,635 |
Schedule of Reconciliation of Income Tax Expense Provided at Federal Statutory Rate to Actual Income Tax Expense | A reconciliation of income tax expense provided at the federal statutory rate (21% in fiscal years 2025, 2024, and 2023) to actual income tax expense is as follows:
| Year Ended
| June 29, 2025 |  | June 30, 2024 |  | June 25, 2023
| (in thousands)
Income tax expense computed at federal statutory rate | $ | 1,251,207 |  |  | $ | 915,647 |  |  | $ | 1,072,934 |
State income taxes, net of federal tax benefit | (13,581) |  |  | (37,965) |  |  | (23,252) |
Foreign income taxed at different rates | (451,199) |  |  | (313,795) |  |  | (430,314) |
Settlements and reductions in uncertain tax positions | (266,805) |  |  | (18,947) |  |  | (28,968) |
Tax credits | (116,699) |  |  | (125,523) |  |  | (103,019) |
State valuation allowance, net of federal tax benefit | 42,759 |  |  | 44,916 |  |  | 49,073 |
Equity-based compensation | 17,391 |  |  | (11,296) |  |  | 15,816 |
Increases in uncertain tax positions | 138,029 |  |  | 62,333 |  |  | 34,661 |
Other permanent differences and miscellaneous items | (1,190) |  |  | 17,080 |  |  | 11,348 |
| $ | 599,912 |  |  | $ | 532,450 |  |  | $ | 598,279 |
Schedule of Changes in Balance of Gross Unrecognized Tax Benefits | The aggregate changes in the balance of gross uncertain tax positions were as follows:
| (in thousands)
Balance as of June 26, 2022 | $ | 617,373 |
Settlements and effective settlements with tax authorities | (50,238) |
Lapse of statute of limitations | (22,103) |
Increases in balances related to tax positions taken during prior periods | 5,841 |
Decreases in balances related to tax positions taken during prior periods | (4,316) |
Increases in balances related to tax positions taken during current period | 93,615 |
Balance as of June 25, 2023 | 640,172 |
Settlements and effective settlements with tax authorities | (9,548) |
Lapse of statute of limitations | (10,114) |
Decreases in balances related to tax positions taken during prior periods | (12,326) |
Increases in balances related to tax positions taken during current period | 115,600 |
Balance as of June 30, 2024 | 723,784 |
Settlements and effective settlements with tax authorities | (7,668) |
Lapse of statute of limitations | (211,696) |
Increases in balances related to tax positions taken during prior periods | 69,016 |
Decreases in balances related to tax positions taken during prior periods | (3,983) |
Increases in balances related to tax positions taken during current period | 150,868 |
Balance as of June 29, 2025 | $ | 720,321 |

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