v3.26.1
Discontinued Operations (Tables)
 12 Months Ended
Jul. 03, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The following table provides a summary of net income (loss) from discontinued operations, net of taxes:

Net Income (Loss) from Discontinued Operations, Net of Taxes
20252024
(in millions)
Revenue, net$4,361 $6,686 
Cost of revenue2,892 5,514 
Operating expenses:
Research and development718 957 
Selling, general and administrative229 102 
Gain on business divestiture
(113)— 
Business separation costs144 97 
Business realignment charges (credits)3 (70)
Operating income488 86 
Total interest and other expense, net(36)(8)
Income before taxes452 78 
Income tax expense206 111 
Net income (loss) from discontinued operations, net of taxes
$246 $(33)
The following table provides select financial information related to cash flows from discontinued operations:
Select Cash Flow Information from Discontinued Operations20252024
(in millions)
Depreciation and amortization
$115 $221 
Purchases of property, plant and equipment
139 166 
Stock-based compensation
98 92