Shareholders' Equity (Tables)

6 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule 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				Six Months Ended
	December 31, 2021		January 1, 2021		December 31, 2021		January 1, 2021
	(in millions)
RSUs and PSUs	$	78	$	72	$	145	$	139
ESPP	9		8		18		17
Total	$	87	$	80	$	163	$	156

	Three Months Ended				Six Months Ended
	December 31, 2021		January 1, 2021		December 31, 2021		January 1, 2021
	(in millions)
Cost of revenue	$	14	$	15	$	23	$	27
Research and development	43		40		83		79
Selling, general and administrative	30		25		57		50
Subtotal	87		80		163		156
Tax benefit	(13)		(9)		(28)		(20)
Total	$	74	$	71	$	135	$	136

Schedule of 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 December 31, 2021:

	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)
RSUs and PSUs (1)	$	664	2.5
ESPP	81		1.7
Total unamortized compensation cost	$	745

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

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans. All outstanding options were exercisable at December 31, 2021:

	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 2, 2021	1.5	$	72.84	1.2	$	15
Exercised	(0.1)	43.57			2
Canceled or expired	(0.4)	98.85
Options outstanding at December 31, 2021	1.0	66.15		1.0	9

Schedule of 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 2, 2021	16.1	$	50.12
Granted	5.1	63.39
Vested	(4.6)	53.93		$	285
Forfeited	(1.2)	51.71
RSUs and PSUs outstanding at December 31, 2021	15.4	53.32