MARKETABLE SECURITIES (Tables)

12 Months Ended

Jun. 29, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Marketable Securities

The following table presents our available-for-sale marketable securities as of June 29, 2024 and July 1, 2023:

	Jun. 29, 2024
	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Short-Term Marketable Securities		Long-Term Marketable Securities
	(In millions)
Fixed income securities:
Corporate bonds	$	98	$	—	$	(4)	$	94	$	24	$	70
Government bonds	34		—		(2)		32		—		32
Total marketable securities	$	132	$	—	$	(6)	$	126	$	24	$	102

	Jul. 1, 2023
	Amortized Cost Basis		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Short-Term Marketable Securities		Long-Term Marketable Securities
	(In millions)
Fixed income securities:
Corporate bonds	$	99	$	—	$	(7)	$	92	$	12	$	80
Government bonds	30		—		(2)		28		—		28
Total marketable securities	$	129	$	—	$	(9)	$	120	$	12	$	108

Schedule of Available-for-Sale Debt Securities Held to Actual Maturity

As of June 29, 2024, the balance of available-for-sale securities by contractual maturity is shown in the following table on a fiscal year basis. Within the table, maturities of fixed income securities have been allocated based upon timing of estimated cash flows. Actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties.

	Jun. 29, 2024
	(In millions)
Due in one year or less	$	24
Due after one year through five years	70
Due after five years	32
Total	$	126