v3.26.3
Leases and Other Commitments (Tables)
 3 Months Ended
Oct. 02, 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 Condensed Consolidated Balance Sheets:
October 2,
2026		July 3,
2026
(in millions)
Operating lease right-of-use assets (included in Other non-current assets)$192 $193 
Operating lease liabilities:
Current portion of long-term operating lease liabilities (included in Accrued expenses)23 24 
Long-term operating lease liabilities (included in Other liabilities) 178 177 
Total operating lease liabilities$201 $201 
Schedule of Supplemental Cash Flow
The following table summarizes supplemental disclosures of operating cost and cash flow information related to operating leases:
Three Months Ended
October 2,
2026		October 3,
2025
(in millions)
Cost of operating leases$12 $11 
Cash paid for operating leases10 10 
Operating lease assets obtained in exchange for operating lease liabilities6 2 
The weighted average remaining lease term and discount rate for the Company’s operating leases were as follows:
October 2,
2026		October 3,
2025
Weighted average remaining lease term in years10.410.9
Weighted average discount rate7.4 %7.3 %
Schedule of Minimum Lease Payments
As of October 2, 2026, remaining minimum lease payments were as follows:
Lease Amounts
(in millions)
Minimum lease payments by fiscal year:
Remaining nine months of 2027$28 
202830 
202927 
203023 
203123 
Thereafter166 
Total future minimum lease payments297 
Less: Imputed interest96 
Present value of lease liabilities$201 
Schedule of Minimum Long-Term Commitments
As of October 2, 2026, the Company had the following minimum long-term commitments:
Long-term commitments
(in millions)
Fiscal year:
Remaining nine months of 2027$1,408 
20281,986 
20292,271 
20301,038 
203120 
Thereafter71 
Total$6,794