Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Jul. 03, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents the computation of basic and diluted income (loss) per common share:

	Year Ended
	2020		2019		2018
	(in millions, except per share data)
Net income (loss)	$	(250)	$	(754)	$	675
Weighted average shares outstanding:
Basic	298		292		297
Employee stock options, RSUs, PSUs and ESPP	—		—		10
Diluted	298		292		307
Income (loss) per common share
Basic	$	(0.84)	$	(2.58)	$	2.27
Diluted	$	(0.84)	$	(2.58)	$	2.20
Anti-dilutive potential common shares excluded	15		17		2