Shareholders' Equity (Tables)

6 Months Ended

Dec. 30, 2022

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., 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 30, 2022		December 31, 2021		December 30, 2022		December 31, 2021
	(in millions)
RSUs and PSUs	$	79	$	78	$	154	$	145
ESPP	7		9		18		18
Total	$	86	$	87	$	172	$	163

	Three Months Ended				Six Months Ended
	December 30, 2022		December 31, 2021		December 30, 2022		December 31, 2021
	(in millions)
Cost of revenue	$	12	$	14	$	26	$	23
Research and development	40		43		79		83
Selling, general and administrative	34		30		67		57
Subtotal	86		87		172		163
Tax benefit	(11)		(13)		(24)		(28)
Total	$	75	$	74	$	148	$	135

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 30, 2022:

	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)
RSUs and PSUs (1)	$	571	2.4
ESPP	89		1.9
Total unamortized compensation cost	$	660

(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 30, 2022:

	Number of Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life
	(in millions)			(in years)
Options outstanding at July 1, 2022	0.9	$	66.76	0.54
Canceled or expired	(0.5)	83.50
Options outstanding at December 30, 2022	0.4	$	44.63	0.57

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 1, 2022	15.4	$	52.89
Granted	4.7	43.34
Vested	(4.7)	53.76		$	200
Forfeited	(0.9)	58.54
RSUs and PSUs outstanding at December 30, 2022	14.5	$	49.18