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Pension and Other Post-Retirement Benefit Plans
9 Months Ended
Apr. 03, 2026
Retirement Benefits [Abstract]  
Pension and Other Post-Retirement Benefit Plans Pension and Other Post-Retirement Benefit Plans
The Company has pension and other post-retirement benefit plans in various countries. The Company’s principal pension plans are in Japan, Thailand, and the Philippines. All pension and other post-retirement benefit plans outside of the Company’s Japan, Thailand, and the Philippines defined benefit pension plans (the “Pension Plans”) are immaterial to the Condensed Consolidated Financial Statements. The expected long-term rate of return on the Pension Plans’ assets is 2.5%.

Obligations and Funded Status

The following table presents the unfunded status of the benefit obligations for the Pension Plans:
April 3,
2026
June 27,
2025
(in millions)
Benefit obligation at end of period$251 $272 
Less: Fair value of plan assets at end of period176 204 
Unfunded status$75 $68 

The following table presents the unfunded amounts related to the Pension Plans as recognized on the Company’s Condensed Consolidated Balance Sheets:
April 3,
2026
June 27,
2025
(in millions)
Current liabilities (included in Accrued expenses)
$$
Non-current liabilities (included in Other liabilities)
74 67 
Net amount recognized$75 $68 

Net periodic benefit costs were immaterial for the three and nine months ended April 3, 2026 and March 28, 2025.