Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Jul. 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 (loss) per common share:

	2022		2021		2020
	(in millions, except per share data)
Net income (loss)	$	1,500	$	821	$	(250)
Weighted average shares outstanding:
Basic	312		305		298
Employee stock options, RSUs, PSUs and ESPP	4		4		—
Diluted	316		309		298
Income (loss) per common share
Basic	$	4.81	$	2.69	$	(0.84)
Diluted	$	4.75	$	2.66	$	(0.84)
Anti-dilutive potential common shares excluded	3		5		15