Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Sep. 29, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted income (loss) per common share:

	Three Months Ended
	September 29, 2023		September 30, 2022
	(in millions, except per share data)
Net income (loss)	$	(685)	$	27
Less: cumulative dividends on Preferred Stock	15		—
Net income (loss) attributable to common shareholders	$	(700)	$	27
Weighted average shares outstanding:
Basic	323		316
Employee stock options, RSUs, PSUs, and ESPP	—		3
Diluted	323		319
Net income (loss) per common share
Basic	$	(2.17)	$	0.09
Diluted	$	(2.17)	$	0.08
Anti-dilutive potential common shares excluded	15		8