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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Jul. 02, 2021
Income Statement [Abstract]      
Revenue, net $ 12,318 $ 18,793 $ 16,922
Cost of revenue 10,431 12,919 12,401
Gross profit 1,887 5,874 4,521
Operating expenses:      
Research and development 2,009 2,323 2,243
Selling, general and administrative 970 1,117 1,105
Employee termination, asset impairment, and other charges 193 43 (47)
Total operating expenses 3,172 3,483 3,301
Operating income (loss) (1,285) 2,391 1,220
Interest and other income:      
Interest income 24 6 7
Interest expense (312) (304) (326)
Other income, net 13 30 26
Total interest and other income, net (275) (268) (293)
Income (loss) before taxes (1,560) 2,123 927
Income tax expense 146 623 106
Net income (loss) (1,706) 1,500 821
Less: cumulative dividends allocated to preferred shareholders 24 0 0
Net income (loss) attributable to common shareholders $ (1,730) $ 1,500 $ 821
Income (loss) per common share      
Basic (in dollars per share) $ (5.44) $ 4.81 $ 2.69
Diluted (in dollars per share) $ (5.44) $ 4.75 $ 2.66
Weighted average shares outstanding:      
Basic (in shares) 318 312 305
Diluted (in shares) 318 316 309