Financial Summary (All financials)
| In millions, except per share items | Jun-30-23 | Jul-01-22 | Jul-02-21 | Jul-03-20 | Jun-28-19 | Jun-29-18 | Jun-30-17 | Jul-01-16 |
| Revenues | 7,384 | 11,661 | 10,681 | 10,509 | 10,390 | 11,184 | 10,771 | 11,160 |
| Revenue growth | -36.7% | 9.2% | 1.6% | 1.1% | -7.1% | 3.8% | -3.5% | -18.8% |
| Cost of goods sold | 6,033 | 8,192 | 7,764 | 7,667 | 7,458 | 7,820 | 7,597 | 8,545 |
| Gross profit | 1,351 | 3,469 | 2,917 | 2,842 | 2,932 | 3,364 | 3,174 | 2,615 |
| Gross margin | 18.3% | 29.7% | 27.3% | 27.0% | 28.2% | 30.1% | 29.5% | 23.4% |
| Selling, general and administrative | 491 | 559 | 502 | 473 | 453 | 562 | 606 | 635 |
| Research and development | 797 | 941 | 903 | 973 | 991 | 1,026 | 1,232 | 1,237 |
| EBITA | 236 | 1,978 | 1,529 | 1,435 | 1,542 | 1,834 | 1,400 | 794 |
| EBITA margin | 3.2% | 17.0% | 14.3% | 13.7% | 14.8% | 16.4% | 13.0% | 7.1% |
| Amortization of intangibles | 9 | 20 | 29 | 53 | 77 | 111 | 168 | 174 |
| EBIT | 227 | 1,958 | 1,500 | 1,382 | 1,465 | 1,723 | 1,232 | 620 |
| EBIT margin | 3.1% | 16.8% | 14.0% | 13.2% | 14.1% | 15.4% | 11.4% | 5.6% |
| Pre-tax income | -496 | 1,679 | 1,348 | 1,032 | 1,372 | 1,418 | 815 | 274 |
| Income taxes | 33 | 30 | 34 | 28 | -640 | 236 | 43 | 26 |
| Tax rate | | 1.8% | 2.5% | 2.7% | | 16.6% | 5.3% | 9.5% |
| Net income | -529 | 1,649 | 1,314 | 1,004 | 2,012 | 1,182 | 772 | 248 |
| Net margin | -7.2% | 14.1% | 12.3% | 9.6% | 19.4% | 10.6% | 7.2% | 2.2% |
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| Diluted EPS | ($2.56) | $7.36 | $5.36 | $3.79 | $7.06 | $4.05 | $2.58 | $0.82 |
| Shares outstanding (diluted) | 207 | 224 | 245 | 265 | 285 | 292 | 299 | 302 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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