v3.26.3
Income Tax Expense (Tables)
3 Months Ended
Oct. 02, 2026
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense and Effective Tax Rate
The following table presents the Company’s Income tax expense and effective tax rate:
Three Months Ended
October 2,
2026
October 3,
2025
(in millions)
Income before taxes$9,319 $124 
Income tax expense1,218 12 
Effective tax rate13 %10 %
Schedule of Unrecognized Tax Benefits Roll Forward
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits, excluding accrued interest and penalties for the three months ended October 2, 2026:
(in millions)
Accrual balance at July 3, 2026$323 
Gross increases related to prior year tax positions 3 
Gross increases related to current year tax positions 24 
Gross decrease related to prior year tax positions— 
Accrual balance at October 2, 2026$350