Shareholders' Equity and Convertible Preferred Stock (Tables)

6 Months Ended

Dec. 29, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following tables present the Company’s stock-based compensation for equity-settled awards by type (i.e. restricted stock units (“RSUs”), restricted stock unit awards with performance conditions or market conditions (“PSUs”), and rights to purchase shares of common stock under the Company’s Employee Stock Purchase Plan (“ESPP”)) and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:

	Three Months Ended				Six Months Ended
	December 29, 2023		December 30, 2022		December 29, 2023		December 30, 2022
	(in millions)
RSUs and PSUs	$	68	$	79	$	133	$	154
ESPP	4		7		16		18
Total	$	72	$	86	$	149	$	172

	Three Months Ended				Six Months Ended
	December 29, 2023		December 30, 2022		December 29, 2023		December 30, 2022
	(in millions)
Cost of revenue	$	13	$	12	$	26	$	26
Research and development	32		40		66		79
Selling, general and administrative	27		34		57		67
Subtotal	72		86		149		172
Tax benefit	(10)		(11)		(20)		(24)
Total	$	62	$	75	$	129	$	148

Schedule of Employee Service Share-based Compensation, Unrecognized Costs

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of December 29, 2023:

	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)
RSUs and PSUs (1)	$	516	2.6
ESPP	45		1.0
Total unamortized compensation cost	$	561

(1)    Weighted average service period assumes the performance conditions are met for the PSUs.

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans. As of December 29, 2023, there were no remaining outstanding options.

	Number of Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life
	(in millions)			(in years)
Options outstanding at June 30, 2023	0.3	$	44.95	0.10
Canceled or expired	(0.3)	44.95
Options outstanding at December 29, 2023	—	$	—

Schedule of Restricted Stock Unit

The following table summarizes RSU and PSU activity under the Company’s incentive plans:

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vest Date
	(in millions)			(in millions)
RSUs and PSUs outstanding at June 30, 2023	13.8	$	46.56
Granted	5.6	38.04
Vested	(4.0)	47.65		$	173
Forfeited	(1.0)	46.58
RSUs and PSUs outstanding at December 29, 2023	14.4	$	43.56