v3.26.3
Fair Value Measurements and Investments (Tables)
3 Months Ended
Oct. 02, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following tables present information about the Company’s financial instruments that were measured at fair value on a recurring basis for the periods presented and indicate the fair value hierarchy of the valuation techniques utilized to determine such values:
October 2, 2026
Level 1Level 2Level 3Total
(in millions)
Assets:
Cash equivalents - Money market funds$2,188 $— $— $2,188 
Marketable equity securities2,289 — — 2,289 
Short-term investments (included in Other current assets)— 70 — 70 
Foreign exchange contracts (included in Other current assets)— 2 — 2 
Total assets at fair value$4,477 $72 $— $4,549 
Liabilities:
Foreign exchange contracts (included in Accrued expenses)$— $9 $— $9 
Total liabilities at fair value$— $9 $— $9 
July 3, 2026
Level 1Level 2Level 3Total
(in millions)
Assets:
Cash equivalents - Money market funds$2,863 $— $— $2,863 
Marketable equity securities1,777 — — 1,777 
Short-term investments (included in Other current assets)— — — — 
Foreign exchange contracts (included in Other current assets)— 6 — 6 
Total assets at fair value$4,640 $6 $— $4,646 
Liabilities:
Foreign exchange contracts (included in Accrued expenses)$— $2 $— $2 
Total liabilities at fair value$— $2 $— $2