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v3.25.1

Leases and Other Commitments (Tables) | 9 Months Ended
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Mar. 28, 2025
Leases [Abstract] |
Schedule of Supplemental Balance Sheet Disclosures | The following table presents right-of-use lease assets and lease liabilities included in the Company’s Condensed Consolidated Balance Sheets:
| March 28, 2025 |  | June 28, 2024
| (in millions)
Operating lease right-of-use assets (included in Other non-current assets) | $ | 129 |  |  | $ | 143 |
Operating lease liabilities: |  |  |
Current portion of long-term operating lease liabilities (included in Accrued expenses) | 31 |  |  | 28 |
Long-term operating lease liabilities (included in Other liabilities) | 116 |  |  | 133 |
Total operating lease liabilities | $ | 147 |  |  | $ | 161 |
Schedule of Supplemental Cash Flow | The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:
| Three Months Ended |  | Nine Months Ended
| March 28, 2025 |  | March 29, 2024 |  | March 28, 2025 |  | March 29, 2024
| (in millions)
Cost of operating leases | $ | 7 |  |  | $ | 10 |  |  | $ | 24 |  |  | $ | 30 |
Cash paid for operating leases | 8 |  |  | 11 |  |  | 28 |  |  | 33 |
Operating lease assets obtained in exchange for operating lease liabilities | 6 |  |  | 1 |  |  | 18 |  |  | 10 |
The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:
| March 28, 2025 |  | June 28, 2024 |  |
Weighted average remaining lease term in years | 6.2 |  | 6.6 |  |
Weighted average discount rate | 5.0 | % |  | 5.0 | % |  |
Schedule of Minimum Lease Payments | As of March 28, 2025, minimum lease payments were as follows:
| Lease Amounts
| (in millions)
Remaining three months of 2025 | $ | 9 |
2026 | 36 |
2027 | 30 |
2028 | 23 |
2029 | 17 |
Thereafter | 57 |
Total future minimum lease payments | 172 |
Less: imputed interest | 25 |
Present value of lease liabilities | $ | 147 |
Schedule of Minimum Long-Term Commitments | As of March 28, 2025, the Company had the following minimum long-term commitments:
| Long-Term Commitments
| (in millions)
Remaining three months of 2025 | $ | 45 |
2026 | 49 |
2027 | 27 |
Total | $ | 121 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Subparagraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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- Definition Lessee, Operating Leases, Supplemental Balance Sheet Disclosures [Table Text Block] + References No definition available. + Details
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