v3.26.1
Leases and Other Commitments (Tables)
 12 Months Ended
Jul. 03, 2026
Leases [Abstract]  
Schedule of 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)$193 $214 
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)24 26 
Long-term operating lease liabilities (included in Other liabilities) 177 193 
Total operating lease liabilities$201 $219 
Schedule of Supplemental Cash Flow
The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:
July 3,
2026		June 27,
2025		June 28,
2024
(in millions)
Cost of operating leases$46 $38 $29 
Cash paid for operating leases41 33 30 
Operating lease assets obtained in exchange for operating lease liabilities12 49 167 
Decrease in operating lease liabilities and right-of-use assets due to lease remeasurement— — 71 
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 years10.411.0
Weighted average discount rate7.4 %7.3 %
Schedule of Minimum Lease Payments
As of July 3, 2026, minimum lease payments were as follows:
Lease Amounts
(in millions)
Minimum lease payments by fiscal year:
2027$38 
202829 
202926 
203022 
203122 
Thereafter162 
Total future minimum lease payments299 
Less: Imputed interest98 
Present value of lease liabilities$201 
Schedule of Minimum Long-Term Commitments
As of July 3, 2026, the Company had the following minimum long-term commitments:
Long-term commitments
(in millions)
Fiscal year:
2027$926 
20281,627 
20291,856 
20301,391 
203120 
Thereafter72 
Total$5,892