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Shareholders' Equity (Tables)
 12 Months Ended
Jun. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity
The following table summarizes stock option activity under the Stock Plans over the last three fiscal years (in millions, except per share amounts and remaining contractual lives):
 
 
Number
of Shares
 
Weighted Average
Exercise Price
Per Share
 
Weighted Average
Remaining
Contractual Life
(in years)
 
Aggregate
Intrinsic
Value
Options outstanding at July 1, 2011
10.2

 
$
22.49

 
 
 
 
Granted
3.7

 
31.78

 
 
 
 
Assumed
4.2

 
8.47

 
 
 
 
Exercised
(2.1
)
 
15.14

 
 
 
 
Forfeited or expired
(0.2
)
 
28.76

 
 
 
 
Options outstanding at June 29, 2012
15.8

 
$
21.89

 
 
 
 
Granted
3.4

 
43.51

 
 
 
 
Exercised
(6.8
)
 
18.53

 
 
 
 
Forfeited or expired
(0.5
)
 
32.72

 
 
 
 
Options outstanding at June 28, 2013
11.9

 
$
29.47

 
 
 
 
Granted
1.6

 
68.96

 
 
 
 
Assumed
1.7

 
38.18

 
 
 
 
Exercised
(4.5
)
 
25.22

 
 
 
 
Forfeited or expired
(0.6
)
 
67.23

 
 
 
 
Options outstanding at June 27, 2014
10.1

 
$
37.03

 
4.6
 
$
572

Exercisable at June 27, 2014
4.8

 
$
30.03

 
3.2
 
$
310

Vested and expected to vest after June 27, 2014
9.9

 
$
36.82

 
4.5
 
$
565
Options Outstanding and Exercisable Under the Stock Plans
The following table summarizes information about options outstanding and exercisable under the Stock Plans as of June 27, 2014 (in millions, except exercise price):
 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise Prices
Number
of Shares
 
Weighted Average
Remaining
Contractual Life
(in years)
 
Weighted Average
Exercise Price
 
Number
of Shares
 
Weighted Average
Exercise Price
$3.08 – $23.78
2.5

 
4.7
 
$
13.41

 
1.6

 
$
13.79

$25.79 – $29.60
2.3

 
3.5
 
28.03

 
1.5

 
27.63

$30.06 – $41.75
1.3

 
3.2
 
35.82

 
0.9

 
34.54

$43.11 – $43.11
2.1

 
5.2
 
43.11

 
0.6

 
43.11

$48.01 – $91.64
1.8

 
6.1
 
67.31

 
0.1

 
67.50

$91.88 – $388.77
0.1

 
3.6
 
156.90

 
0.1

 
156.93

 
10.1

 
4.6
 
$
37.03

 
4.8

 
$
30.03
Restricted Stock Unit
The following table summarizes RSU activity (in millions, except weighted average grant date fair value):
 
 
Number
of Shares
 
Weighted Average
Grant Date
Fair Value
RSUs outstanding at July 1, 2011
3.1

 
$
28.85

Granted
1.6

 
32.87

Assumed
0.4

 
38.98

Vested
(1.3
)
 
24.58

Forfeited or expired
(0.1
)
 
32.01

RSUs outstanding at June 29, 2012
3.7

 
$
33.19

Granted
1.7

 
43.14

Vested
(1.4
)
 
37.89

Forfeited or expired
(0.4
)
 
35.46

RSUs outstanding at June 28, 2013
3.6

 
$
35.82

Granted
1.4

 
69.08

Assumed
0.2

 
62.73

Vested
(1.3
)
 
33.61

Forfeited or expired
(0.2
)
 
47.62

RSUs outstanding at June 27, 2014
3.7

 
$
49.77

Expected to vest after June 27, 2014
3.5

 
$
49.48
Fair Value of Stock Options Granted
The fair value of stock options granted during the three years ended June 27, 2014 was estimated using the following weighted average assumptions:
 
 
2014
 
2013
 
2012
Suboptimal exercise factor
2.07
 
1.90
 
1.81
Range of risk-free interest rates
0.10% to 2.44%
 
0.14% to 1.96%
 
0.12% to 1.61%
Range of expected stock price volatility
0.27 to 0.50
 
0.36 to 0.53
 
0.41 to 0.55
Weighted average expected volatility
0.43
 
0.49
 
0.49
Post-vesting termination rate
3.10%
 
2.16%
 
2.61%
Dividend yield
1.58%
 
2.53%
 
—
Fair value
$24.14
 
$15.75
 
$12.91
Fair Values of All Employee Stock Purchase Plan Rights Granted
The fair values of all ESPP purchase rights granted on or prior to June 27, 2014 have been estimated at the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted average assumptions:
 
 
ESPP
 
2014
 
2013
 
2012
Option life (in years)
1.24
 
1.24
 
1.24
Risk-free interest rate
0.26%
 
0.23%
 
0.22%
Stock price volatility
0.31
 
0.42
 
0.46
Dividend yield
1.64%
 
1.61%
 
—
Fair value
$14.62
 
$10.36
 
$7.29
Summarizes Table of All Shares of Common Stock Reserved for Issuance
The following table summarizes all shares of common stock reserved for issuance at June 27, 2014 (in millions):

 
Number
of Shares
Maximum shares issuable in connection with:
 
Outstanding awards and shares available for award grants
23.6

ESPP
5.9

Total
29.5