v3.26.1
Business Realignment Charges (Credits) (Tables)
12 Months Ended
Jul. 03, 2026
Postemployment Benefits [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
The Company recorded the following charges related to these actions:
202620252024
(in millions)
Cash-based employee termination benefits$97 $$34 
Stock-based employee termination benefits— — 
Asset impairments and recoveries, net33 — 146 
Contract termination and other(8)29 
Total business realignment charges (credits)$146 $(6)$209 

The following table presents an analysis of the components of these activities against the reserve (included in Accrued expenses) during the year ended July 3, 2026:
Employee Termination Benefits
Contract Termination and Other
Total
(in millions)
Accrual balance as of June 27, 2025$$$10 
Charges97 104 
Cash payments(98)(3)(101)
Accrual balance as of July 3, 2026$— $13 $13