v3.26.1
Net Income (Loss) Per Common Share (Tables)
 12 Months Ended
Jul. 03, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the computation of basic and diluted income (loss) per common share:
202620252024
(in millions, except per share data)
Net income (loss) from continuing operations$9,424 $1,643 $(765)
Dividends allocated to preferred shareholders(12)(17)(54)
Income attributable to participating securities(1)
(126)(28)— 
Net income (loss) from continuing operations attributable to common shareholders - basic
9,286 1,598 (819)
Net income (loss) from discontinued operations, net of taxes, attributable to common shareholders
— 242 (33)
Net income (loss) attributable to common shareholders - basic
$9,286 $1,840 $(852)
Net income (loss) from continuing operations attributable to common shareholders - basic
$9,286 $1,598 $(819)
Re-allocation of participating securities considered potentially dilutive12 1 — 
Net income (loss) from continuing operations attributable to common shareholders - diluted
9,298 1,599 (819)
Net income (loss) from discontinued operations, net of taxes, attributable to common shareholders
— 242 (33)
Net income (loss) attributable to common shareholders - diluted
$9,298 $1,841 $(852)
Weighted average shares:
Basic345 347 326 
RSUs, PSUs, ESPP, and the convertible notes
38 12 — 
Diluted383 359 326 
Net income (loss) per common share:
Basic:
Continuing operations$26.92 $4.61 $(2.51)
Discontinued operations— 0.70 (0.10)
Net income (loss) per common share26.92 5.31 (2.61)
Diluted:
Continuing operations24.28 4.45 (2.51)
Discontinued operations— 0.67 (0.10)
Net income (loss) per common share24.28 5.12 (2.61)
Anti-dilutive potential common shares excluded— — 22 
(1)     Participating securities consisted of Preferred Shares prior to their conversion in February 2026, because they participated on a pro rata basis in any dividends declared on shares of common stock.