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Pension and Other Post-Retirement Benefit Plans (Tables) | 3 Months Ended
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Sep. 27, 2024
Retirement Benefits [Abstract] |
Schedule of Obligations and Funded Status | The following table presents the unfunded status of the benefit obligations for the Pension Plans:
| September 27, 2024 |  | June 28, 2024 |  |
| (in millions)
Benefit obligation at end of period | $ | 267 |  |  | $ | 244 |  |  |
Fair value of plan assets at end of period | 198 |  |  | 184 |  |  |
Unfunded status | $ | 69 |  |  | $ | 60 |  |  |
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:
| September 27, 2024 |  | June 28, 2024
| (in millions)
Current liabilities (included in Accrued expenses) | $ | 1 |  |  | $ | 1 |
Non-current liabilities (included in Other liabilities) | 68 |  |  | 59 |
Net amount recognized | $ | 69 |  |  | $ | 60 |

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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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