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Income Tax Expense (Tables)

3 Months Ended

Sep. 27, 2024

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table presents the Company’s Income tax expense and the effective tax rate:

			Three Months Ended
			September 27, 2024						September 29, 2023
			($ in millions)
Income (loss) before taxes			$	628					$	(682)
Income tax expense			135						3
Effective tax rate			21		%				—		%

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits excluding accrued interest and penalties for the three months ended September 27, 2024 (in millions):

Accrual balance at June 28, 2024			$	721
Gross increases related to current year tax positions			4
Gross increases related to prior year tax positions			9
Gross decreases related to prior year tax positions			(2)
Settlements			(39)
Lapse of statute of limitations			(1)
Accrual balance at September 27, 2024			$	692

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of the change in unrecognized tax benefits.

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