XML 54 R36.htm IDEA: XBRL DOCUMENT
v3.25.2

Debt (Tables) | 12 Months Ended
--- | ---
Jun. 27, 2025
Debt Disclosure [Abstract] |
Schedule of Debt | Debt consisted of the following:
| June 27, 2025 |  | June 28, 2024
| (in millions)
4.75% senior unsecured notes due 2026 | $ | 500 |  |  | $ | 2,300 |
Variable interest rate Term Loan A-2 maturing 2027 | — |  |  | 2,588 |
Variable interest rate Term Loan A-3 maturing 2027 | 1,649 |  |  | — |
3.00% convertible notes due 2028 | 1,600 |  |  | 1,600 |
2.85% senior notes due 2029 | 500 |  |  | 500 |
3.10% senior notes due 2032 | 500 |  |  | 500 |
Total debt | 4,749 |  |  | 7,488 |
Issuance costs | (38) |  |  | (54) |
Subtotal | 4,711 |  |  | 7,434 |
Less: current portion of long-term debt | (2,226) |  |  | (1,750) |
Long-term debt | $ | 2,485 |  |  | $ | 5,684 |
Schedule of Maturities of Long-term Debt | As of June 27, 2025, the Company is subject to required principal payment or earlier conversion, at the option of the holder, as follows:
|  | Contractual Maturity (1)
|  | (in millions)
Fiscal year: |  |
2026 |  | $ | 2,226 |
2027 |  | 1,523 |
2028 |  | — |
2029 |  | 500 |
2030 |  | — |
2031 and thereafter |  | 500 |
Total debt maturities |  | 4,749 |
Issuance costs |  | (38) |
Net carrying value |  | $ | 4,711 |
(1) As of June 30, 2025, the holders of the 2028 Convertible Notes will have the option to convert the notes from July 1, 2025 through September 30, 2025. As such, the principal portion of these notes is reflected as current in the table above.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration