Net Income Per Common Share (Tables)

9 Months Ended

Apr. 01, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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

	Three Months Ended				Nine Months Ended
	April 1, 2022		April 2, 2021		April 1, 2022		April 2, 2021
	(in millions, except per share data)
Net income	$	25	$	197	$	1,199	$	199
Weighted average shares outstanding:
Basic	313		306		312		305
Employee stock options, RSUs, PSUs and ESPP	3		7		4		3
Basic and diluted	316		313		316		308
Income per common share:
Basic	$	0.08	$	0.64	$	3.84	$	0.65
Diluted	$	0.08	$	0.63	$	3.79	$	0.65
Anti-dilutive potential common shares excluded	5		1		4		7