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Quarterly Results of Operations (unaudited) (Tables) | 12 Months Ended
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Jun. 27, 2025
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations | The below provides unaudited summarized quarterly financial information on this basis to allow for a meaningful comparison of continuing operations:
| First |  | Second |  | Third |  | Fourth
| (in millions, except per share amounts)
2025 |  |  |  |  |  |  |
Revenue, net | $ | 2,212 |  |  | $ | 2,409 |  |  | $ | 2,294 |  |  | $ | 2,605 |
Gross profit | 806 |  |  | 907 |  |  | 912 |  |  | 1,067 |
Net income from continuing operations | 153 |  |  | 466 |  |  | 772 |  |  | 252 |
Net income | 493 |  |  | 594 |  |  | 520 |  |  | 282 |
Net income per common share: |  |  |  |  |  |  |
Continuing operations - basic | $ | 0.43 |  |  | $ | 1.32 |  |  | $ | 2.17 |  |  | $ | 0.70 |
Earnings per common share - basic | 1.40 |  |  | 1.68 |  |  | 1.46 |  |  | 0.78 |
Continuing operations - diluted | 0.42 |  |  | 1.28 |  |  | 2.11 |  |  | 0.67 |
Earnings per common share - diluted | 1.35 |  |  | 1.63 |  |  | 1.42 |  |  | 0.75 |
| First |  | Second |  | Third |  | Fourth
| (in millions, except per share amounts)
2024 |  |  |  |  |  |  |
Revenue, net | $ | 1,194 |  |  | $ | 1,367 |  |  | $ | 1,752 |  |  | $ | 2,004 |
Gross profit | 244 |  |  | 313 |  |  | 519 |  |  | 697 |
Net income (loss) from continuing operations | (365) |  |  | (146) |  |  | (8) |  |  | (246) |
Net income (loss) | (685) |  |  | (287) |  |  | 135 |  |  | 39 |
Net income (loss) per common share: |  |  |  |  |  |  |
Continuing operations - basic | $ | (1.18) |  |  | $ | (0.49) |  |  | $ | (0.07) |  |  | $ | (0.77) |
Earnings (loss) per common share - basic | (2.17) |  |  | (0.92) |  |  | 0.35 |  |  | 0.08 |
Continuing operations - diluted | (1.18) |  |  | (0.49) |  |  | (0.07) |  |  | (0.77) |
Earnings (loss) per common share - diluted | (2.17) |  |  | (0.92) |  |  | 0.35 |  |  | 0.08 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 + Details
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