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Pension and Other Post-Retirement Benefit Plans (Tables)
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Obligations and Funded Status The following table presents the unfunded status of the benefit obligations for the Pension Plans:
202320222021
(in millions)
Change in benefit obligation:
Projected benefit obligation at beginning of period$294 $359 $366 
Service cost14 15 16 
Interest cost6 5 5 
Plan amendments— 9 — 
Actuarial loss (gain)(6)(31)(5)
Benefits paid(8)(9)(11)
Settlement/curtailment(15)— — 
Non-U.S. currency movement(12)(54)(12)
Projected benefit obligation at end of period273 294 359 
Change in plan assets:
Fair value of plan assets at beginning of period189 227 215 
Actual return on plan assets7 — 20 
Employer contributions9 10 11 
Benefits paid(8)(7)(11)
Non-U.S. currency movement(12)(41)(8)
Fair value of plan assets at end of period185 189 227 
Unfunded status$88 $105 $132 
Schedule of Unfunded Amounts Recognized on Consolidated Balance Sheets The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Consolidated Balance Sheets:
June 30,
2023		July 1,
2022
(in millions)
Current liabilities$1 $1 
Non-current liabilities87 104 
Net amount recognized$88 $105 
Schedule of Assumptions Used
The weighted-average actuarial assumptions used to determine the projected benefit obligations for the Pension Plans were as follows:
202320222021
Discount rate2.2 %2.3 %1.4 %
Rate of compensation increase2.4 %2.3 %2.0 %

The weighted-average actuarial assumptions used to determine benefit costs for the Pension Plans were as follows:
202320222021
Discount rate2.3 %1.4 %1.1 %
Expected long-term rate of return on plan assets2.5 %2.5 %2.5 %
Rate of compensation increase2.3 %2.0 %2.0 %
Schedule of Defined Benefit Plans Disclosures
The following tables present the Pension Plans’ major asset categories and their associated fair values and net asset values as of June 30, 2023 and July 1, 2022:
June 30, 2023
Level 1Level 2Level 3Total
(in millions)
Plan assets measured at fair value:
Equity:
Equity commingled/mutual funds(1)(2)
$— $66 $— $66 
Fixed income:
Fixed income commingled/mutual funds(1)(3)
— 89 — 89 
Net plan assets subject to leveling— 155 — 155 
Real estate investment trust at net asset value30 
Total investments at fair value$— $155 $— $185 
July 1, 2022
Level 1Level 2Level 3Total
(in millions)
Plan assets measured at fair value:
Equity:
Equity commingled/mutual funds(1)(2)
$— $63 $— $63 
Fixed income:
Fixed income commingled/mutual funds(1)(3)
— 95 — 95 
Net plan assets subject to leveling— 158 — 158 
Real estate investment trust at net asset value31 
Total investments at fair value$— $158 $— $189 
(1)    Commingled funds represent pooled institutional investments.
(2)    Equity mutual funds invest primarily in equity securities.
(3)    Fixed income mutual funds invest primarily in fixed income securities.