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Net Loss Per Common Share
 6 Months Ended
Dec. 29, 2023
Earnings Per Share [Abstract]  
Net Loss Per Common Share Net Loss Per Common Share
The following table presents the computation of basic and diluted loss per common share:
Three Months EndedSix Months Ended
 December 29,
2023		December 30,
2022		December 29,
2023		December 30,
2022
(in millions, except per share data)
Net loss$(287)$(451)$(972)$(404)
Less: cumulative dividends on Preferred Stock14 — 29 — 
Net loss attributable to common shareholders
$(301)$(451)$(1,001)$(404)
Weighted average shares outstanding:
Basic325 318 324 317 
Diluted325 318 324 317 
Net loss per common share
Basic$(0.93)$(1.42)$(3.09)$(1.27)
Diluted$(0.93)$(1.42)$(3.09)$(1.27)
Anti-dilutive potential common shares excluded14 15 14 15 

Basic net loss per share attributable to common shareholders is computed using (i) net loss less (ii) dividends paid to holders of Preferred Shares less (iii) net loss attributable to participating securities divided by (iv) weighted average basic shares outstanding. Diluted net income or loss per share attributable to common shareholders is computed as (i) basic net loss attributable to common shareholders plus (ii) diluted adjustments to income allocable to participating securities divided by (iii) weighted average diluted shares outstanding. The "if-converted" method is used to determine the dilutive impact for the convertible notes and the Preferred Shares. The treasury stock method is used to determine the dilutive impact of unvested equity awards.

Potentially dilutive common shares include dilutive outstanding employee stock options, RSUs and PSUs, rights to purchase shares of common stock under the Company’s ESPP, shares issuable in connection with the Company’s convertible notes, and the Preferred Shares. For the three and six months ended December 29, 2023 and December 30, 2022, the Company recorded a net loss and all shares subject to outstanding equity awards were excluded from the calculation of diluted shares for those periods because their impact would have been anti-dilutive.