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Shareholders' Equity and Convertible Preferred Stock (Tables)

3 Months Ended

Sep. 29, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following tables present the Company’s stock-based compensation for equity-settled awards by type (i.e. restricted stock units (“RSUs”), restricted stock unit awards with performance conditions or market conditions (“PSUs”), and rights to purchase shares of common stock under the Company’s Employee Stock Purchase Plan (“ESPP”)) and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:

			Three Months Ended
			September 29, 2023						September 30, 2022
			(in millions)
RSUs and PSUs			$	65					$	75
ESPP			12						11
Total			$	77					$	86

			Three Months Ended
			September 29, 2023						September 30, 2022
			(in millions)
Cost of revenue			$	13					$	14
Research and development			34						39
Selling, general and administrative			30						33
Subtotal			77						86
Tax benefit			(10)						(13)
Total			$	67					$	73

Schedule of Employee Service Share-based Compensation, Unrecognized Costs

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of September 29, 2023:

			Unamortized Compensation Costs						Weighted Average Service Period
			(in millions)						(years)
RSUs and PSUs (1)			$	588					2.8
ESPP			55						1.2
Total unamortized compensation cost			$	643

(1)    Weighted average service period assumes the performance conditions are met for the PSUs.

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans. As of September 29, 2023, there were no remaining outstanding options.

			Number of Shares						Weighted Average Exercise Price Per Share						Weighted Average Remaining Contractual Life
			(in millions)												(in years)
Options outstanding at June 30, 2023			0.3						$	44.95					0.10
Canceled or expired			(0.3)						44.95
Options outstanding at September 29, 2023			—						$	—

Schedule of Restricted Stock Unit

The following table summarizes RSU and PSU activity under the Company’s incentive plans:

			Number of Shares						Weighted Average Grant Date Fair Value						Aggregate Intrinsic Value at Vest Date
			(in millions)												(in millions)
RSUs and PSUs outstanding at June 30, 2023			13.8						$	46.56
Granted			5.5						37.87
Vested			(3.3)						47.00						$	147
Forfeited			(0.9)						46.86
RSUs and PSUs outstanding at September 29, 2023			15.1						$	43.85

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