Shareholders' Equity (Tables)

9 Months Ended

Apr. 01, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation Expense

The following table presents the Company's stock-based compensation and related tax benefit for the three and nine months ended April 1, 2016 and April 3, 2015 (in millions):

	Three Months Ended								Nine Months Ended
	April 1, 2016				April 3, 2015				April 1, 2016				April 3, 2015
	Expense		Tax Benefit		Expense		Tax Benefit		Expense		Tax Benefit		Expense		Tax Benefit
Options and ESPP	$	19	$	5	$	17	$	8	$	51	$	13	$	53	$	20
RSUs	23		6		21		6		70		18		64		17
Total	$	42	$	11	$	38	$	14	$	121	$	31	$	117	$	37

Stock Option Activity

The following table summarizes stock option activity under the Company’s stock option plans (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 3, 2015	6.8		$	50.00
Granted	1.7		82.68
Exercised	(1.2	)	25.10
Canceled or expired	(0.3	)	63.04
Options outstanding at April 1, 2016	7.0		$	61.68	4.2	$	45
Exercisable at April 1, 2016	3.8		$	47.36	3.1	$	41
Vested and expected to vest after April 1, 2016	6.8		$	61.16	4.2	$	45

Restricted Stock Unit Activity

The following table summarizes RSU activity under the Company's stock plans (in millions, except weighted average grant date fair value):

	Number of Shares		Weighted Average Grant-Date Fair Value
RSUs outstanding at July 3, 2015	3.0		$	73.80
Granted	2.5		68.16
Vested	(1.6	)	62.43
Forfeited	(0.2	)	84.57
RSUs outstanding at April 1, 2016	3.7		$	74.48
Expected to vest after April 1, 2016	3.4		$	74.98