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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jun. 28, 2013
Accounting Policies [Abstract]  
Computation of Basic and Diluted Income Per Common Share

The following table illustrates the computation of basic and diluted income per common share (in millions, except per share data):

 

     Years Ended  
     June 28,
2013
     June 29,
2012
     July 1,
2011
 

Net income

   $ 980       $ 1,612       $ 726   
  

 

 

    

 

 

    

 

 

 

Weighted average shares outstanding:

        

Basic

     241         241         231   

Employee stock options and other

     5         4         4   
  

 

 

    

 

 

    

 

 

 

Diluted

     246         245         235   
  

 

 

    

 

 

    

 

 

 

Income per common share:

        

Basic

   $ 4.07       $ 6.69       $ 3.14   
  

 

 

    

 

 

    

 

 

 

Diluted

   $ 3.98       $ 6.58       $ 3.09   
  

 

 

    

 

 

    

 

 

 

Anti-dilutive potential common shares excluded*

     3         5         3   

 

* For purposes of computing diluted income per common share, certain potentially dilutive securities have been excluded from the calculation because their effect would have been anti-dilutive.
Changes in the Balances of Each Component of Accumulated Comprehensive Income

The following table illustrates the changes in the balances of each component of accumulated comprehensive income for 2013, 2012 and 2011:

 

     Actuarial
Pension
Gains
(Losses)
    Foreign
Currency
Translation
Gains
(Losses)
    Unrealized
Gains
(Losses)
on Foreign
Exchange
Contracts
    Accumulated
Other
Comprehensive
Income (Loss)
 

Balance at July 2, 2010

   $ —        $ —        $ 11      $ 11   

Other comprehensive loss

     —          —          (16     (16
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at July 1, 2011

   $ —        $ —        $ (5   $ (5

Other comprehensive income (loss)

     (3     4        (11     (10
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 29, 2012

   $ (3   $ 4      $ (16   $ (15

Other comprehensive income (loss)

     14        (4     (30     (20
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 28, 2013

   $ 11      $ —        $ (46   $ (35