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v3.25.1

Supplemental Financial Statement Data (Tables) | 9 Months Ended
--- | ---
Mar. 28, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Inventories | Inventories
| March 28, 2025 |  | June 28, 2024
| (in millions)
Inventories: |  |  |
Raw materials and component parts | $ | 227 |  |  | $ | 329 |
Work-in-process | 786 |  |  | 829 |
Finished goods | 298 |  |  | 229 |
Total inventories | $ | 1,311 |  |  | $ | 1,387 |
Schedule of Property, Plant and Equipment, Net | Property, plant and equipment, net
| March 28, 2025 |  | June 28, 2024
| (in millions)
Property, plant and equipment: |  |  |
Land and improvements | $ | 225 |  |  | $ | 225 |
Buildings and improvements | 1,543 |  |  | 1,419 |
Machinery and equipment | 6,468 |  |  | 6,301 |
Computer equipment and software | 323 |  |  | 313 |
Furniture and fixtures | 33 |  |  | 32 |
Construction-in-process | 576 |  |  | 685 |
Property, plant and equipment, gross | 9,168 |  |  | 8,975 |
Accumulated depreciation | (6,821) |  |  | (6,616) |
Property, plant and equipment, net | $ | 2,347 |  |  | $ | 2,359 |
Schedule of Other Assets, Noncurrent | Non-current assets
| March 28, 2025 |  | June 28, 2024 |  |  |  |  |  |
| (in millions)
Non-current assets: |  |  |  |  |  |  |  |  |
Deferred tax assets | $ | 989 |  |  | $ | 225 |  |  |  |  |  |  |
Other non-current assets | 551 |  |  | 534 |  |  |  |  |  |  |
Total non-current assets | $ | 1,540 |  |  | $ | 759 |  |  |  |  |  |  |
Schedule of Product Warranty Liability | Product warranty liability Changes in the warranty accrual were as follows:
| Three Months Ended |  | Nine Months Ended |  |
| March 28, 2025 |  | March 29, 2024 |  | March 28, 2025 |  | March 29, 2024 |  |
| (in millions)
Warranty accrual, beginning of period | $ | 121 |  |  | $ | 159 |  |  | $ | 142 |  |  | $ | 202 |  |  |
Charges to operations | 24 |  |  | 21 |  |  | 73 |  |  | 55 |  |  |
Utilization | (18) |  |  | (21) |  |  | (61) |  |  | (87) |  |  |
Changes in estimate related to pre-existing warranties | (11) |  |  | 1 |  |  | (38) |  |  | (10) |  |  |
Warranty accrual, end of period | $ | 116 |  |  | $ | 160 |  |  | $ | 116 |  |  | $ | 160 |  |  |
The current portion of the warranty accrual was classified in Accrued expenses and the long-term portion was classified in Other liabilities as noted below:
| March 28, 2025 |  | June 28, 2024 |  |  |  |  |  |
| (in millions)
Warranty accrual: |  |  |  |  |  |  |  |  |
Current portion | $ | 33 |  |  | $ | 9 |  |  |  |  |  |  |
Long-term portion | 83 |  |  | 133 |  |  |  |  |  |  |
Total warranty accrual | $ | 116 |  |  | $ | 142 |  |  |  |  |  |  |
Schedule of Other Liabilities | Other liabilities
| March 28, 2025 |  | June 28, 2024
| (in millions)
Other liabilities: |  |  |
Non-current net tax payable | $ | — |  |  | $ | 144 |
Non-current portion of unrecognized tax benefits | 473 |  |  | 499 |
Other non-current liabilities | 400 |  |  | 359 |
Total other liabilities | $ | 873 |  |  | $ | 1,002 |
Schedule of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive income (loss) were as follows:
| Actuarial Pension Gains |  | Foreign Currency Translation Adjustment |  |  |  | Unrealized Losses on Derivative Contracts |  | Total Accumulated Comprehensive Income (Loss)
| (in millions)
Balance at June 28, 2024 | $ | 14 |  |  | $ | (505) |  |  |  |  | $ | (221) |  |  | $ | (712) |
Other comprehensive income before reclassifications | — |  |  | 45 |  |  |  |  | 21 |  |  | 66 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | — |  |  |  |  | 151 |  |  | 151 |
Income tax expense related to items of other comprehensive income | — |  |  | — |  |  |  |  | (40) |  |  | (40) |
Net current-period other comprehensive income | — |  |  | 45 |  |  |  |  | 132 |  |  | 177 |
Distribution in connection with the Separation | — |  |  | 458 |  |  |  |  | 88 |  |  | 546 |
Balance at March 28, 2025 | $ | 14 |  |  | $ | (2) |  |  |  |  | $ | (1) |  |  | $ | 11 |

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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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