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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jul. 01, 2022
Income Statement [Abstract]      
Revenue, net $ 13,003 $ 12,318 $ 18,793
Cost of revenue 10,058 10,431 12,919
Gross profit 2,945 1,887 5,874 Close
Operating expenses:      
Research and development 1,907 2,009 2,323
Selling, general and administrative 828 970 1,117
Litigation matter $ 291 $ 0 $ 0
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Employee termination, asset impairment, and other Employee termination, asset impairment, and other Employee termination, asset impairment, and other
Employee termination, asset impairment, and other $ 139 $ 193 $ 43
Business separation costs 97 0 0
Total operating expenses 3,262 3,172 3,483 Close
Operating income (loss) (317) (1,285) 2,391 Close
Interest and other income:       Close
Interest income 39 24 6 Close
Interest expense (417) (312) (304) Close
Other income, net 34 23 78 CloseClose
Total interest and other income, net (344) (265) (220) Close
Total Other Income Expenses -688.0 -530.0 -440.0 0.0 0 Close
Income (loss) before taxes (661) (1,550) 2,171 CloseClose
Income tax expense 137 134 625 Close
Net income (loss) (798) (1,684) 1,546 Close
Less: cumulative dividends allocated to preferred shareholders 54 24 0
Net income (loss) attributable to common shareholders $ (852) $ (1,708) $ 1,546
Income (loss) per common share      
Basic (in dollars per share) $ (2.61) $ (5.37) $ 4.96
Diluted (in dollars per share) $ (2.61) $ (5.37) $ 4.89
Weighted average shares outstanding:      
Basic (in shares) 326 318 312
Diluted (in shares) 326 318 316