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Pension and Other Post-Retirement Benefit Plans (Tables) | 6 Months Ended
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Dec. 29, 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:
| December 29, 2023 |  | June 30, 2023 |  |
| (in millions)
Benefit obligation at end of period | $ | 273 |  |  | $ | 273 |  |  |
Fair value of plan assets at end of period | 188 |  |  | 185 |  |  |
Unfunded status | $ | 85 |  |  | $ | 88 |  |  |
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 Condensed Consolidated Balance Sheets:
| December 29, 2023 |  | June 30, 2023
| (in millions)
Current liabilities | $ | 1 |  |  | $ | 1 |
Non-current liabilities | 84 |  |  | 87 |
Net amount recognized | $ | 85 |  |  | $ | 88 |

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- Definition Tabular disclosure of the change in the benefit obligation, fair value of plan assets, and funded status of pension plans or other employee benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (a)(b)(c) -Paragraph 1 -SubTopic 20 -Topic 715 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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