Subsequent Events |
12 Months Ended |
|---|---|
Jul. 03, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events Share Repurchase Program On August 5, 2026, the Company announced that its Board of Directors had approved a $14.0 billion (exclusive of fees and commissions) share repurchase program (the “Repurchase Program”). The acquisition of shares under the Repurchase Program may be effected from time to time through open market purchases (including under a plan adopted pursuant to Rule 10b5-1 promulgated under the Securities Exchange Act of 1934) or other methods of acquiring shares, in each case on such terms and at such times as shall be permitted by applicable securities laws and determined by the Company’s management. The Company expects shares repurchased under the Repurchase Program to be funded by operating cash flows. The amount and timing of share repurchases will depend on market conditions and other relevant factors. The Company may suspend or discontinue the Repurchase Program at any time. The approval of the Repurchase Program does not obligate the Company to repurchase any common shares. New Business Model Agreements Subsequent to the balance sheet date, the Company entered into two additional NBMs with an aggregate transaction price of $31.3 billion.These agreements provide for customer purchase commitments for specified product volumes over multi-year periods. Consistent with the Company's other NBMs, customer obligations are supported by financial guarantees, including cash deposits and other financial instruments, that are intended to protect the Company in the event a customer fails to satisfy its contractual purchase obligations.
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