Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Jun. 27, 2025

The below provides unaudited summarized quarterly financial information on this basis to allow for a meaningful comparison of continuing operations:


	First		Second		Third		Fourth
	(in millions, except per share amounts)
2025
Revenue, net	$	2,212	$	2,409	$	2,294	$	2,605
Gross profit	806		907		912		1,067
Net income from continuing operations	153		466		772		252

Net income	493		594		520		282




Net income per common share:
Continuing operations - basic	$	0.43	$	1.32	$	2.17	$	0.70

Earnings per common share - basic	1.40		1.68		1.46		0.78
Continuing operations - diluted	0.42		1.28		2.11		0.67

Earnings per common share - diluted	1.35		1.63		1.42		0.75


	First		Second		Third		Fourth
	(in millions, except per share amounts)
2024
Revenue, net	$	1,194	$	1,367	$	1,752	$	2,004
Gross profit	244		313		519		697
Net income (loss) from continuing operations	(365)		(146)		(8)		(246)

Net income (loss)	(685)		(287)		135		39





Net income (loss) per common share:
Continuing operations - basic	$	(1.18)	$	(0.49)	$	(0.07)	$	(0.77)

Earnings (loss) per common share - basic	(2.17)		(0.92)		0.35		0.08

Continuing operations - diluted	(1.18)		(0.49)		(0.07)		(0.77)

Earnings (loss) per common share - diluted	(2.17)		(0.92)		0.35		0.08