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COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS - Assumptions (Details) | 4 Months Ended | 8 Months Ended | 12 Months Ended
--- | --- | --- | ---
Oct. 31, 2022 | Jun. 30, 2023 | Jul. 01, 2023 | Jul. 02, 2022 | Jul. 03, 2021
Pension Benefits | United States |  |  |  |  |
Weighted-average assumptions used to determine benefit obligations |  |  |  |  |
Discount rate | 6.07% |  | 5.62% | 4.91% |
Rate of compensation increase |  |  | 3.00% | 3.00% |
Weighted-average assumptions used in calculating net periodic benefit cost |  |  |  |  |
Discount rate | 4.91% | 6.07% | 6.07% | 3.12% | 2.94%
Expected rate of return | 4.50% | 6.00% | 6.00% | 4.50% | 4.75%
Rate of compensation increase |  |  | 3.00% | 2.56% | 2.56%
Discount rate used to calculate next year benefit costs |  |  | 5.62% |  |
Expected rate of return on plan assets used in calculating net periodic benefit cost for next fiscal year |  |  | 5.50% |  |
Pension Benefits | United Kingdom |  |  |  |  |
Weighted-average assumptions used to determine benefit obligations |  |  |  |  |
Discount rate |  |  | 5.20% | 3.65% |
Weighted-average assumptions used in calculating net periodic benefit cost |  |  |  |  |
Discount rate |  |  | 3.65% | 1.90% | 1.60%
Expected rate of return |  |  | 4.65% | 3.30% | 2.55%
Discount rate used to calculate next year benefit costs |  |  | 5.20% |  |
Expected rate of return on plan assets used in calculating net periodic benefit cost for next fiscal year |  |  | 6.65% |  |
Supplemental executive retirement plan |  |  |  |  |
Weighted-average assumptions used to determine benefit obligations |  |  |  |  |
Discount rate |  |  | 5.65% | 4.84% |
Weighted-average assumptions used in calculating net periodic benefit cost |  |  |  |  |
Discount rate |  |  | 4.84% | 2.91% | 2.91%
Discount rate used to calculate next year benefit costs |  |  | 5.65% |  |

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- Definition The interest rate used to adjust for the time value of money in determining net periodic cost for next fiscal year. + References No definition available. + Details
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- Definition An assumption utilized in the determination of next fiscal year's net periodic cost as to the rate of return on plan assets reflecting the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the benefit obligation. + References No definition available. + Details
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- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Weighted average rate increase of compensation, used to determine benefit obligation of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-8 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Weighted average rate of compensation increase used to determine net periodic benefit cost of defined benefit plan. Plan includes, but is not limited to, pay-related defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 715 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (k)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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