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Business Realignment Charges | 12 Months Ended
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Jun. 27, 2025
Postemployment Benefits [Abstract] |
Business Realignment Charges | Business Realignment Charges The Company periodically incurs charges to realign its business operations with anticipated market demand, primarily consisting of organization rationalization designed to streamline its business, reduce its cost structure and focus its resources. These actions may result in charges for employee termination benefits or charges from the impairment of intangible assets and other long-lived assets. In this regard, in 2024, the Company reassessed existing capacity development plans and made a decision to cancel certain projects, including projects to expand capacity in its Penang, Malaysia facility, resulting in the impairment of existing construction in progress, other assets and the recognition of a liability for certain contract termination costs. The Company may also periodically record credits related to gains upon ultimate sale of property in connection with these activities. The Company recorded the following charges related to these actions:
|  |  |  |  | 2025 |  | 2024 |  | 2023
|  |  |  |  | (in millions)
Employee termination benefits |  |  |  |  | $ | 2 |  |  | $ | 34 |  |  | $ | 130 |
Asset impairments |  |  |  |  | — |  |  | 146 |  |  | 19 |
Other charges (gains): |  |  |  |  |  |  |  |  |
Gain on disposition of assets and other charges |  |  |  |  | — |  |  | — |  |  | (8) |
Contract termination and other |  |  |  |  | 2 |  |  | 29 |  |  | 5 |
Recovery of non-cancellable purchase orders |  |  |  |  | (10) |  |  | — |  |  | — |
Total business realignment charges |  |  |  |  | $ | (6) |  |  | $ | 209 |  |  | $ | 146 |
The following table presents an analysis of the components of these activities against the reserve (included in Accrued expenses) during the year ended June 27, 2025:
| Employee Termination Benefits |  | Contract Termination and Other |  | Total
| (in millions)
Accrual balance at June 28, 2024 | $ | — |  |  | $ | 28 |  |  | $ | 28 |
Charges | 2 |  |  | 2 |  |  | 4 |
Cash payments | (1) |  |  | (11) |  |  | (12) |
Recovery of non-cancellable purchase orders | — |  |  | (10) |  |  | (10) |
Accrual balance at June 27, 2025 | $ | 1 |  |  | $ | 9 |  |  | $ | 10 |

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