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Earnings per Share
 9 Months Ended
Mar. 31, 2017
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]  
Earnings Per Share [Text Block]
Net Income Per Common Share

The following table presents the computation of basic and diluted income per common share:
 
Three Months Ended
 
Nine Months Ended
 
March 31,
2017
 
April 1,
2016
 
March 31,
2017
 
April 1,
2016
 
(in millions, except per share data)
Net income
$
248

 
$
74

 
$
117

 
$
608

Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic
289

 
233

 
287

 
232

Employee stock options, RSUs, PSUs, ESPP
10

 
1

 
8

 
2

Diluted
299

 
234

 
295

 
234

Income per common share
 
 
 
 
 
 
 
Basic
$
0.86

 
$
0.32

 
$
0.41

 
$
2.62

Diluted
$
0.83

 
$
0.32

 
$
0.40

 
$
2.60

Anti-dilutive potential common shares excluded(1)
2

 
6

 
4

 
5


 
 

(1) 
For purposes of computing diluted income per common share, certain potentially dilutive securities have been excluded from the calculation because their effect would have been anti-dilutive.

The Company computes basic income per common share using net income and the weighted average number of common shares outstanding during the period. Diluted income per common share is computed using net income and the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include dilutive outstanding employee stock options, rights to purchase shares of common stock under the Company’s ESPP, awards of RSUs and PSUs, and exchange options related to the Company’s Convertible Notes.