v3.26.1
Leases and Other Commitments (Tables)
 12 Months Ended
Jul. 03, 2026
Leases [Abstract]  
Schedule of Lessee, Operating Leases, Supplemental Balance Sheet Disclosures
The following table presents right-of-use lease assets and lease liabilities included in the Company’s Consolidated Balance Sheets:
July 3,
2026		June 27,
2025
(in millions)
Operating lease right-of-use assets (included in Other non-current assets)
$122 $123 
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)
32 31 
Long-term operating lease liabilities (included in Other liabilities)
107 110 
Total operating lease liabilities
$139 $141 
Schedule of Lease, Cost
The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:
202620252024
(in millions)
Cost of operating leases$37 $33 $41 
Cash paid for operating leases36 36 44 
Operating lease assets obtained in exchange for operating lease liabilities29 18 10 

The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:
July 3,
2026		June 27,
2025
Weighted average remaining lease term in years
5.66.1
Weighted average discount rate
5.1 %5.0 %
Lessee, Operating Lease, Liability, to be Paid, Maturity
As of July 3, 2026, minimum lease payments were as follows:
Lease Amounts
(in millions)
2027$37 
202830 
202925 
203018 
203116 
Thereafter34 
Total future minimum lease payments160 
Less: imputed interest
21 
Present value of lease liabilities$139 
Schedule of Long-term Purchase Agreements As of July 3, 2026, the Company had the following minimum long-term commitments:
Long-term Commitments
(in millions)
2027$65 
202827 
202950 
203097 
Thereafter71 
Total$310