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v3.25.2

Supplemental Financial Statement Data (Tables) | 12 Months Ended
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Jun. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Inventories | Inventories
| June 27, 2025 |  | June 28, 2024
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 227 |  |  | $ | 329 |
Work-in-process | 785 |  |  | 829 |
Finished goods | 279 |  |  | 229 |
Total inventories | $ | 1,291 |  |  | $ | 1,387 |
Schedule of Property, Plant and Equipment | Property, plant and equipment, net
| June 27, 2025 |  | June 28, 2024
| (in millions)
Property, plant and equipment: |  |  |
Land and improvements | $ | 225 |  |  | $ | 225 |
Buildings and improvements | 1,550 |  |  | 1,419 |
Machinery and equipment | 6,488 |  |  | 6,301 |
Computer equipment and software | 257 |  |  | 313 |
Furniture and fixtures | 33 |  |  | 32 |
Construction-in-process | 532 |  |  | 685 |
Property, plant and equipment, gross | 9,085 |  |  | 8,975 |
Accumulated depreciation | (6,742) |  |  | (6,616) |
Property, plant and equipment, net | $ | 2,343 |  |  | $ | 2,359 |
Schedule of Other Assets, Noncurrent | Non-current assets
| June 27, 2025 |  | June 28, 2024
| (in millions)
Non-current assets: |  |  |
Deferred tax assets | $ | 1,007 |  |  | $ | 225 |
Other non-current assets | 477 |  |  | 612 |
Total non-current assets | $ | 1,484 |  |  | $ | 837 |
Schedule of Movement in Standard Product Warranty Accrual and Total Warranty Accrual | Product warranty liability Changes in the warranty accrual were as follows:
|  |  |  |  | 2025 |  | 2024 |  | 2023
|  |  |  |  | (in millions)
Warranty accrual, beginning of period |  |  |  |  | $ | 142 |  |  | $ | 202 |  |  | $ | 293 |
Charges to operations |  |  |  |  | 99 |  |  | 79 |  |  | 76 |
Utilization |  |  |  |  | (83) |  |  | (119) |  |  | (143) |
Changes in estimate related to pre-existing warranties |  |  |  |  | (6) |  |  | (20) |  |  | (24) |
Warranty accrual, end of period |  |  |  |  | $ | 152 |  |  | $ | 142 |  |  | $ | 202 |
The current portion of the warranty accrual is classified in Accrued expenses and the long-term portion is classified in Other liabilities as noted below:
| June 27, 2025 |  | June 28, 2024 |  |  |  |  |  |
| (in millions)
Warranty accrual: |  |  |  |  |  |  |  |  |
Current portion (included in Accrued expenses) | $ | 57 |  |  | $ | 9 |  |  |  |  |  |  |
Long-term portion (included in Other liabilities) | 95 |  |  | 133 |  |  |  |  |  |  |
Total warranty accrual | $ | 152 |  |  | $ | 142 |  |  |  |  |  |  |
Schedule of Other Noncurrent Liabilities | Other liabilities
| June 27, 2025 |  | June 28, 2024
| (in millions)
Other liabilities: |  |  |
Non-current net tax payable | $ | — |  |  | $ | 200 |
Non-current portion of unrecognized tax benefits | 163 |  |  | 443 |
Other non-current liabilities | 396 |  |  | 359 |
Total other liabilities | $ | 559 |  |  | $ | 1,002 |
Schedule of Accumulated Other Comprehensive Loss | The following table illustrates the changes in the balances of each component of Accumulated other comprehensive income (loss):
| Actuarial Pension Gains (Losses) |  | Foreign Currency Translation Adjustment |  |  |  |  |  | Unrealized Gains (Losses) on Derivative Contracts |  | Total Accumulated Comprehensive Income (Loss)
| (in millions)
Balance at June 30, 2023 | $ | (2) |  |  | $ | (389) |  |  |  |  |  |  | $ | (157) |  |  | $ | (548) |
Other comprehensive income (loss) before reclassifications | 23 |  |  | (115) |  |  |  |  |  |  | (331) |  |  | (423) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  |  |  |  |  | 244 |  |  | 244 |
Income tax benefit (expense) related to items of other comprehensive income (loss) | (7) |  |  | (1) |  |  |  |  |  |  | 23 |  |  | 15 |
Net current-period other comprehensive income (loss) | 16 |  |  | (116) |  |  |  |  |  |  | (64) |  |  | (164) |
Balance at June 28, 2024 | 14 |  |  | (505) |  |  |  |  |  |  | (221) |  |  | (712) |
Other comprehensive income before reclassifications | 3 |  |  | 45 |  |  |  |  |  |  | 31 |  |  | 79 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | — |  |  |  |  |  |  | 149 |  |  | 149 |
Income tax expense related to items of other comprehensive income | (1) |  |  | — |  |  |  |  |  |  | (41) |  |  | (42) |
Net current-period other comprehensive income | 2 |  |  | 45 |  |  |  |  |  |  | 139 |  |  | 186 |
Distribution in connection with the Separation | — |  |  | 458 |  |  |  |  |  |  | 88 |  |  | 546 |
Balance at June 27, 2025 | $ | 16 |  |  | $ | (2) |  |  |  |  |  |  | $ | 6 |  |  | $ | 20 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
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