v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in-Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance (shares) at Jul. 01, 2023   227.4      
Beginning balance at Jul. 01, 2023 $ 2,277.8 $ 2.3 $ 3,682.2 $ (1,216.8) $ (189.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 816.0     816.0  
Other comprehensive income (loss) 44.0       44.0
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (shares)   2.8      
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (5.4)   (5.4)    
Share-based compensation 85.9   85.9    
Repurchase of common stock, including excise tax 0.0        
Dividends declared (321.4)     (321.4)  
Ending balance (shares) at Jun. 29, 2024   230.2      
Ending balance at Jun. 29, 2024 $ 2,896.9 $ 2.3 3,762.7 (722.2) (145.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash dividends declared per common share (USD per share) $ 1.40        
Net income (loss) $ 183.2     183.2  
Other comprehensive income (loss) (115.3)       (115.3)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (shares)   6.3      
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes 119.6   119.6    
Share-based compensation 91.4   91.4    
Repurchase of common stock, including excise tax (shares)   (28.4)      
Repurchase of common stock, including excise tax (2,018.7) $ (0.2) (300.0) (1,718.5)  
Dividends declared $ (299.3)     (299.3)  
Ending balance (shares) at Jun. 28, 2025 208.1 208.1      
Ending balance at Jun. 28, 2025 $ 857.8 $ 2.1 3,673.7 (2,556.8) (261.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash dividends declared per common share (USD per share) $ 1.40        
Net income (loss) $ 1,527.7     1,527.7  
Other comprehensive income (loss) 42.6       42.6
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes (shares)   3.8      
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes 37.3   37.3    
Share-based compensation 107.4   107.4    
Repurchase of common stock, including excise tax (shares)   (11.5)      
Repurchase of common stock, including excise tax (1,554.6) $ (0.1) 300.0 (1,854.5)  
Dividends declared $ (326.1)     (326.1)  
Ending balance (shares) at Jun. 27, 2026 200.4 200.4      
Ending balance at Jun. 27, 2026 $ 692.1 $ 2.0 $ 4,118.4 $ (3,209.7) $ (218.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Cash dividends declared per common share (USD per share) $ 1.60