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Derivative Financial Instruments (Tables) | 3 Months Ended
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Sep. 27, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of gross fair value of derivative instruments | The gross notional and fair value of derivative instruments in the Condensed Consolidated Balance Sheets as of September 27, 2024 and June 28, 2024 were as follows:
|  |  |  | As of September 27, 2024
|  |  |  | Derivative Assets |  | Derivative Liabilities
(Dollars in millions) |  | Outstanding Gross Notional |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign currency forward exchange contracts |  | $ | — |  |  | Other current assets |  | $ | — |  |  | Accrued expenses |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign currency forward exchange contracts |  | 294 |  |  | Other current assets |  | 1 |  |  | Accrued expenses |  | — |
Total return swap |  | 115 |  |  | Other current assets |  | — |  |  | Accrued expenses |  | (1) |
Total derivatives |  | $ | 409 |  |  |  |  | $ | 1 |  |  |  |  | $ | (1) |
|  |  |  | As of June 28, 2024
|  |  |  | Derivative Assets |  | Derivative Liabilities
(Dollars in millions) |  | Outstanding Gross Notional |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign currency forward exchange contracts |  | $ | 35 |  |  | Other current assets |  | $ | — |  |  | Accrued expenses |  | $ | (1) |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign currency forward exchange contracts |  | 165 |  |  | Other current assets |  | 1 |  |  | Accrued expenses |  | — |
Total return swap |  | 112 |  |  | Other current assets |  | — |  |  | Accrued expenses |  | — |
Total derivatives |  | $ | 312 |  |  |  |  | $ | 1 |  |  |  |  | $ | (1) |

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
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