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STOCKHOLDERS' EQUITY
 9 Months Ended
Mar. 28, 2026
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Stock Repurchase Program
2026 Share Repurchase Program
On September 10, 2025, the Company announced that the Board authorized the Company to repurchase up to $3.00 billion of its outstanding common stock (the "2026 Share Repurchase Program"), replacing the 2022 Share Repurchase Program which had $561.7 million of remaining authorization.
During the three months ended March 28, 2026, the Company repurchased $149.8 million of common stock. During the nine months ended March 28, 2026, the Company repurchased $1.05 billion of common stock, $238.3 million under the 2022 Share Repurchase Program and $811.5 million under the 2026 Share Repurchase Program. As of March 28, 2026, the Company had $2.19 billion of remaining repurchase authorization under the 2026 Share Repurchase Program.
2025 Share Repurchase Program
On November 13, 2024, the Board authorized the Company to repurchase up to $2.00 billion of outstanding shares of its common stock (the "2025 Share Repurchase Program"). On November 21, 2024, the Company entered into accelerated share repurchase agreements (the “ASR Agreements”) with Bank of America, N.A. and Morgan Stanley & Co. LLC (the “Dealers”) to repurchase an aggregate of up to $2.00 billion of the Company’s shares of common stock. Under the ASR Agreements, the Company paid $2.00 billion to the Dealers and received an initial delivery of 28,363,766 shares of the Company's common stock on November 26, 2024. Final settlement was based on the volume-weighted average price ("VWAP") of the Company's common stock, less a discount, and occurred in four tranches. During the year ended June 28, 2025 and the quarter ended September 27, 2025, as a result of the increase in the VWAP of the Company's common stock, the Company cash-settled $6.6 million related to 92,536 shares of common stock and $195.7 million related to 1,838,270 shares of common stock, respectively, which completed the agreement. The average share price for the 28,363,766 shares received under the ASR Agreements was $77.64.
A reconciliation of stockholders' equity is presented below:
Shares of
Common
Stock		Common StockAdditional
Paid-in-
Capital		Retained Earnings (Accumulated Deficit)Accumulated
Other
Comprehensive
Income (Loss)		Total
Stockholders'
Equity
(millions, except per share data)
Balance at June 29, 2024230.2 $2.3 $3,762.7 $(722.2)$(145.9)$2,896.9 
Net income (loss)— — — 186.6 — 186.6 
Other comprehensive income (loss)— — — — (46.5)(46.5)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes2.8 — 7.2 — — 7.2 
Share-based compensation— — 19.1 — — 19.1 
Dividends declared ($0.35 per share)
— — — (81.4)— (81.4)
Balance at September 28, 2024233.0 $2.3 $3,789.0 $(617.0)$(192.4)$2,981.9 
Net income (loss)— — — 310.4 — 310.4 
Other comprehensive income (loss)— — — — 35.8 35.8 
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes2.3 — 72.0 — — 72.0 
Share-based compensation— — 21.8 — — 21.8 
Repurchase of common stock, including excise tax(28.4)(0.2)(400.0)(1,612.8)— (2,013.0)
Dividends declared ($0.35 per share)
— — — (72.4)— (72.4)
Balance at December 28, 2024206.9 $2.1 $3,482.8 $(1,991.8)$(156.6)$1,336.5 
Net income (loss)— — — 203.3 — 203.3 
Other comprehensive income (loss)— — — — (23.6)(23.6)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes0.8 — 27.4 — — 27.4 
Share-based compensation— — 25.2 — — 25.2 
Repurchase of common stock, including excise tax— — 50.0 (52.3)— (2.3)
Dividends declared ($0.35 per share)
— — — (72.7)— (72.7)
Balance at March 29, 2025207.7 $2.1 $3,585.4 $(1,913.5)$(180.2)$1,493.8 
Shares of
Common
Stock		Common StockAdditional
Paid-in-
Capital		Retained Earnings (Accumulated Deficit)Accumulated
Other
Comprehensive
Income (Loss)		Total
Stockholders'
Equity
(millions, except per share data)
Balance at June 28, 2025208.1 $2.1 $3,673.7 $(2,556.8)$(261.2)$857.8 
Net income (loss)— — — 274.8 — 274.8 
Other comprehensive income (loss)— — — — 33.1 33.1 
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes2.3 — (8.8)— — (8.8)
Share-based compensation— — 24.1 — — 24.1 
Repurchase of common stock, including excise tax(4.7)— 300.0 (998.2)— (698.2)
Dividends declared ($0.40 per share)
— — — (83.3)— (83.3)
Balance at September 27, 2025205.7 $2.1 $3,989.0 $(3,363.5)$(228.1)$399.5 
Net income (loss)— — — 561.3 — 561.3 
Other comprehensive income (loss)— — — — 26.5 26.5 
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes0.6 — 19.1 — — 19.1 
Share-based compensation— — 29.6 — — 29.6 
Repurchase of common stock, including excise tax(3.6)(0.1)— (403.4)— (403.5)
Dividends declared ($0.40 per share)
— — — (81.3)— (81.3)
Balance at December 27, 2025202.7 $2.0 $4,037.7 $(3,286.9)$(201.6)$551.2 
Net income (loss)— — — 343.8 — 343.8 
Other comprehensive income (loss)— — — — (28.7)(28.7)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes0.6 — 19.4 — — 19.4 
Share-based compensation— — 27.9 — — 27.9 
Repurchase of common stock, including excise tax(1.0)— — (150.2)— (150.2)
Dividends declared ($0.40 per share)
— — — (81.0)— (81.0)
Balance at March 28, 2026202.3 $2.0 $4,085.0 $(3,174.3)$(230.3)$682.4 
The components of accumulated other comprehensive income (loss) ("AOCI"), as of the dates indicated, are as follows:
Unrealized Gains (Losses) on Cash
Flow
Hedging Derivatives(1)
Unrealized Gains
(Losses) on Available-
for-Sale Investments
Cumulative
Translation
Adjustment(2)
Other(3)
Total
(millions)
Balances at June 29, 2024$57.1 $(0.2)$(202.8)$— $(145.9)
Other comprehensive income (loss) before reclassifications(7.3)2.8 18.3 — 13.8 
Less: amounts reclassified from accumulated other comprehensive income to earnings32.8 2.6 12.7 — 48.1 
Net current-period other comprehensive income (loss)(40.1)0.2 5.6 — (34.3)
Balances at March 29, 2025$17.0 $— $(197.2)$— $(180.2)
Balances at June 28, 2025$(0.1)$— $(261.1)$— $(261.2)
Other comprehensive income (loss) before reclassifications33.9 — 23.2 (1.1)56.0 
Less: amounts reclassified from accumulated other comprehensive income to earnings16.6 — 8.5 — 25.1 
Net current-period other comprehensive income (loss)17.3 — 14.7 (1.1)30.9 
Balances at March 28, 2026$17.2 $— $(246.4)$(1.1)$(230.3)
(1)    The ending balances of AOCI related to cash flow hedges are net of tax of $(1.2) million and $(0.5) million as of March 28, 2026 and March 29, 2025, respectively. The amounts reclassified from AOCI are net of tax of $(0.9) million and $(1.6) million as of March 28, 2026 and March 29, 2025, respectively.
(2)    The ending balances of AOCI related to the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations as included in foreign currency translation adjustments are a loss of $71.6 million, net of tax of $8.0 million as of March 28, 2026. The ending balance as of March 29, 2025 is a loss of $14.5 million, net of tax of $(1.5) million.
(3)    The ending balance of AOCI relates to excluded components of derivative instruments designated as fair value hedges. The ending balance as of March 28, 2026 is a loss of $1.1 million, net of tax of $0.4 million.