Shareholders' Equity (Tables)

3 Months Ended

Oct. 02, 2020

Share-based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following tables present the Company’s stock-based compensation for equity-settled awards by type (i.e., stock options, restricted stock units (“RSUs”), restricted stock unit awards with performance conditions or market conditions (“PSUs”), and rights to purchase shares of common stock under the Company’s Employee Stock Purchase Plan (“ESPP”)) and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:

	Three Months Ended
	October 2, 2020		October 4, 2019
	(in millions)
Options	$	—	$	2
RSUs and PSUs	67		66
ESPP	9		9
Total	$	76	$	77

	Three Months Ended
	October 2, 2020		October 4, 2019
	(in millions)
Cost of revenue	$	12	$	12
Research and development	39		41
Selling, general and administrative	25		24
Subtotal	76		77
Tax benefit	(11)		(12)
Total	$	65	$	65

Employee Service Share-based Compensation , Unrecognized Costs

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of October 2, 2020:

	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)
RSUs and PSUs (1)	$	743	3.0
ESPP	29		0.8
Total unamortized compensation cost	$	772

(1)    Weighted average service period assumes the performance metrics are met for the PSUs.

Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans:

	Number of Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in millions)			(in years)	(in millions)
Options outstanding at July 3, 2020	2.7	$	69.16	2.1	$	—
Exercised	—	18.30			$	—
Canceled or expired	(0.2)	68.81
Options outstanding at October 2, 2020	2.5	69.21		1.5	$	—
Exercisable at October 2, 2020	2.5	$	69.21	1.5	$	—

Restricted Stock Unit

The following table summarizes RSU and PSU activity under the Company’s incentive plans:

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vest Date
	(in millions)			(in millions)
RSUs and PSUs outstanding at July 3, 2020	13.3	$	60.92
Granted	7.9	37.86
Vested	(3.7)	61.20		$	149
Forfeited	(0.5)	65.04
RSUs and PSUs outstanding at October 2, 2020	17.0	49.70