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Shareholders' Equity and Convertible Preferred Stock (Tables)
3 Months Ended
Sep. 27, 2024
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 27,
2024
September 29,
2023
(in millions)
RSUs and PSUs$72 $65 
ESPP12 12 
Total$84 $77 

Three Months Ended
September 27,
2024
September 29,
2023
(in millions)
Cost of revenue$14 $13 
Research and development39 34 
Selling, general and administrative31 30 
Subtotal84 77 
Tax benefit(10)(10)
Total$74 $67 
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 27, 2024:
Unamortized Compensation CostsWeighted Average Service Period
(in millions)(years)
RSUs and PSUs (1)
$635 2.6
ESPP11 0.3
Total unamortized compensation cost$646 
(1)    Weighted average service period assumes the performance conditions are met for the PSUs.
Schedule of RSUs and PSUs
The following table summarizes RSU and PSU activity under the Company’s incentive plans:
Number of SharesWeighted Average Grant Date Fair ValueAggregate Intrinsic Value at Vest Date
(in millions)(in millions)
RSUs and PSUs outstanding at June 28, 202413.0 $44.42 
Granted3.9 62.58 
Vested(3.3)44.31 $209 
Forfeited(0.1)51.36 
RSUs and PSUs outstanding at September 27, 202413.5 $51.20