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Balance Sheet Information (Tables)

3 Months Ended

Sep. 27, 2024

Disclosure Text Block Supplement [Abstract]

Cash, Cash Equivalent, and Restricted Cash

The details of the cash, cash equivalents and restricted cash were as follows:

(Dollars in millions)						September 27, 2024						June 28, 2024
Cash and cash equivalents						$	1,239					$	1,358
Restricted cash included in Other current assets						2						2
Total cash, cash equivalents and restricted cash shown in the Statements of Cash Flows						$	1,241					$	1,360

Schedule of Cash and Cash Equivalents

The details of the cash, cash equivalents and restricted cash were as follows:

(Dollars in millions)						September 27, 2024						June 28, 2024
Cash and cash equivalents						$	1,239					$	1,358
Restricted cash included in Other current assets						2						2
Total cash, cash equivalents and restricted cash shown in the Statements of Cash Flows						$	1,241					$	1,360

Inventories

The details of the inventory, net were as follows:

(Dollars in millions)						September 27, 2024						June 28, 2024
Raw materials and components						$	441					$	270
Work-in-process						829						831
Finished goods						113						138
Total inventories, net						$	1,383					$	1,239

Schedule of Other Current Assets

The details of the other current assets were as follows:

(Dollars in millions)						September 27, 2024						June 28, 2024
Vendor receivables						$	125					$	110
Other current assets						233						196
Total						$	358					$	306

Property, Equipment and Leasehold Improvements, net

The components of property, equipment and leasehold improvements, net were as follows:

(Dollars in millions)						September 27, 2024						June 28, 2024
Gross property, equipment and leasehold improvements						10,280						10,260
Less: accumulated depreciation and amortization						(8,681)						(8,646)
Property, equipment and leasehold improvements, net						$	1,599					$	1,614

Accrued Expenses

The details of the accrued expenses were as follows:

(Dollars in millions)						September 27, 2024						June 28, 2024
Dividends payable						$	148					$	147
Other accrued expenses						537						507
Total						$	685					$	654

Supplier Finance Program

The details of the outstanding supplier financing obligation were as follows:

(Dollars in millions)						September 27, 2024						September 29, 2023
Outstanding at the beginning of the period						$	50					$	51
Added to the program during the period						332						161
Settled during the period						(348)						(163)
Outstanding at the ending of the period						$	34					$	49

Accumulated Other Comprehensive Income (Loss)

The components of AOCI, net of tax, were as follows:

(Dollars in millions)						Unrealized Gains/(Losses) on Cash Flow Hedges									Unrealized Gains/(Losses) on Post-Retirement Plans						Foreign Currency Translation Adjustments						Total
Balance at June 28, 2024						$	—								$	(2)					$	—					$	(2)
Other comprehensive income before reclassifications						—									—						—						—
Amounts reclassified from AOCI						—									—						—						—
Other comprehensive income						—									—						—						—
Balance at September 27, 2024						—									(2)						—						(2)
Balance at June 30, 2023						103									(4)						(1)						98
Other comprehensive (loss) before reclassifications						(22)									—						—						(22)
Amounts reclassified from AOCI						(92)									—						1						(91)
Other comprehensive (loss)						(114)									—						1						(113)
Balance at September 29, 2023						$	(11)								$	(4)					$	—					$	(15)

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