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STOCK REPURCHASE PROGRAM | 9 Months Ended
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Mar. 30, 2025
Equity [Abstract] |
STOCK REPURCHASE PROGRAM | STOCK REPURCHASE PROGRAM In May 2024, the Board of Directors authorized the Company to repurchase up to an additional $10.0 billion of Common Stock; this authorization supplements the remaining balances from any prior authorizations. These repurchases can be conducted on the open market or as private purchases and may include the use of derivative contracts with large financial institutions, in all cases subject to compliance with applicable law. This repurchase program has no termination date and may be suspended or discontinued at any time. Repurchases under the repurchase program were as follows during the periods indicated. All references to share and per share amounts have been retroactively adjusted to reflect the effects of the stock split. See Note 1 for more information.
Period | Total Number of Shares Repurchased |  | Total Cost of Repurchase |  | Average Price Paid per Share (1) |  | Amount Available Under Repurchase Program
| (in thousands, except per share data)
Available balance as of June 30, 2024 |  |  |  |  |  |  | $ | 10,824,660 |
Quarter ended September 29, 2024 | 11,952 |  |  | $ | 1,003,654 |  |  | $ | 83.97 |  |  | $ | 9,821,006 |
Quarter ended December 29, 2024 | 8,336 |  |  | $ | 650,445 |  |  | $ | 78.03 |  |  | $ | 9,170,561 |
Quarter ended March 30, 2025 | 4,448 |  |  | $ | 346,549 |  |  | $ | 77.91 |  |  | $ | 8,824,012 |
(1) The Company’s net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act. Excise tax incurred reduces the amount available under the repurchase program, as applicable, and is included in the cost of shares repurchased in the Condensed Consolidated Statement of Stockholders’ Equity and the calculation of the average price paid per share.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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