v3.25.2
Shareholders’ Equity and Convertible Preferred Stock - Convertible Preferred Stock, Share Repurchase Program and Dividends (Details)
$ / shares in Units, $ in Millions
12 Months Ended
Jul. 29, 2025
$ / shares
Feb. 21, 2025
day
$ / shares
Jan. 31, 2023
USD ($)
day
$ / shares
shares
Jun. 27, 2025
USD ($)
$ / shares
shares
Jun. 28, 2024
USD ($)
$ / shares
shares
May 09, 2025
USD ($)
Jun. 30, 2023
shares
Jul. 01, 2022
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Convertible preferred stock, shares authorized (in shares)       5,000,000 5,000,000      
Convertible preferred stock, par value (in dollars per share) | $ / shares       $ 0.01 $ 0.01      
Conversion of convertible preferred stock (in shares)         700,000      
Convertible preferred stock, shares outstanding (in shares)       200,000 200,000   900,000 0
Preferred dividends in cash | $       $ 8        
Convertible preferred stock, liquidation preference | $       $ 265 $ 257      
Stock repurchase program, number of shares authorized to be repurchased | $           $ 2,000    
Repurchases of common stock (in shares)       2,800,000        
Treasury stock, common shares at cost | $       $ 149        
Stock repurchase program, remaining authorized repurchase, amount | $       $ 1,850        
Cash dividends declared per share (in USD per share) | $ / shares       $ 0.1        
Cash dividends | $       $ 36        
Subsequent Event                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Cash dividends declared per share (in USD per share) | $ / shares $ 0.10              
Common Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Conversion of convertible preferred stock (in shares)       15,000,000 15,000,000      
Series A Preferred Stock | Private Placement                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Convertible preferred stock, shares authorized (in shares)     900,000          
Convertible preferred stock, par value (in dollars per share) | $ / shares     $ 0.01          
Convertible Preferred Stock                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Conversion of convertible preferred stock (in shares)       665,000        
Convertible preferred stock, shares outstanding (in shares)       235,000 235,000      
Initial conversion rate (in dollar per share) | $ / shares   $ 47.75 $ 35.51          
Preferred stock, convertible, conversion ratio     0.33          
Consecutive trading days | day   10            
Outstanding, potentially convertible (in shares)       7,000,000 5,000,000      
Accumulated stated value, percentage     110.00% 110.00%        
Convertible Preferred Stock | Maximum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Consecutive trading days | day     30          
Conversion price, percentage     150.00%          
Convertible Preferred Stock | Minimum                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Consecutive trading days | day     20          
Convertible Preferred Stock | Private Placement                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Convertible preferred stock, shares authorized (in shares)     5,000,000          
Convertible preferred stock, par value (in dollars per share) | $ / shares     $ 1,000          
Aggregate purchase price | $     $ 900          
Issuance costs | $     $ 24          
Preferred dividend annual rate increasing per annum (as percent)     6.25%          
Cumulative dividends | $       $ 30 $ 22      
Convertible Preferred Stock | Private Placement | January 31, 2030                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Preferred dividend annual rate increasing per annum (as percent)     7.25%          
Convertible Preferred Stock | Private Placement | January 31, 2033                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Preferred dividend annual rate increasing per annum (as percent)     8.25%