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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 29, 2023
Dec. 30, 2022
Dec. 29, 2023
Dec. 30, 2022
Income Statement [Abstract]        
Revenue, net $ 3,032 $ 3,107 $ 5,782 $ 6,843
Cost of revenue 2,540 2,579 5,191 5,334
Gross profit 492 528 591 1,509 Close
Operating expenses:        
Research and development 444 523 875 1,075
Selling, general and administrative 198 250 405 497
Employee termination, asset impairment, and other 24 76 81 100
Business separation costs 36 0 36 0
Total operating expenses 702 849 1,397 1,672 Close
Operating loss (210) (321) (806) (163) Close
Interest and other expense:        
Interest income 12 3 20 5
Interest expense (108) (73) (206) (143)
Other income, net 47 10 51 13 Close
Total interest and other expense, net (49) (60) (135) (125)
Loss before taxes (259) (381) (941) (288) Close
Income tax expense 28 70 31 116 Close
Net loss (287) (451) (972) (404) Close
Less: cumulative dividends allocated to preferred shareholders 14 0 29 0
Net loss attributable to common shareholders $ (301) $ (451) $ (1,001) $ (404)
Net loss per common share:        
Basic (in dollars per share) $ (0.93) $ (1.42) $ (3.09) $ (1.27)
Diluted (in dollars per share) $ (0.93) $ (1.42) $ (3.09) $ (1.27)
Weighted average shares outstanding:        
Basic (in shares) 325 318 324 317
Diluted (in shares) 325 318 324 317