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Stockholders' Equity
6 Months Ended
Dec. 31, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity
A reconciliation of stockholders' equity is presented below:
 
Shares of
Common
Stock
 
Common Stock
 
Additional
Paid-in-
Capital
 
(Accumulated
Deficit) / Retained Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Total
Stockholders'
Equity
 
(millions, except per share data)
Balance at June 27, 2015
276.6

 
$
2.8

 
$
2,754.4

 
$
(189.6
)
 
$
(77.7
)
 
$
2,489.9

Net income

 

 

 
266.5

 

 
266.5

Other comprehensive loss

 

 

 

 
(30.6
)
 
(30.6
)
Shares issued for stock options and employee benefit plans
1.1

 

 
(6.1
)
 

 

 
(6.1
)
Share-based compensation

 

 
44.5

 

 

 
44.5

Excess tax effect from share-based compensation

 

 
(9.6
)
 

 

 
(9.6
)
Dividends declared ($0.6750 per share)

 

 

 
(187.3
)
 

 
(187.3
)
Balance at December 26, 2015
277.7

 
$
2.8

 
$
2,783.2

 
$
(110.4
)
 
$
(108.3
)
 
$
2,567.3

 
 
 
 
 
 
 
 
 
 
 
 
Balance at July 2, 2016
278.5

 
$
2.8

 
$
2,857.1

 
$
(104.1
)
 
$
(72.9
)
 
$
2,682.9

Net income

 

 

 
317.1

 

 
317.1

Other comprehensive loss

 

 

 

 
(42.8
)
 
(42.8
)
Shares issued for stock options and employee benefit plans
2.1

 

 
6.8

 

 

 
6.8

Share-based compensation

 

 
36.7

 

 

 
36.7

Excess tax effect from share-based compensation

 

 
(0.3
)
 

 

 
(0.3
)
Dividends declared ($0.6750 per share)

 

 

 
(189.3
)
 

 
(189.3
)
Balance at December 31, 2016
280.6

 
$
2.8

 
$
2,900.3

 
$
23.7

 
$
(115.7
)
 
$
2,811.1


The components of accumulated other comprehensive loss ("AOCI"), as of the dates indicated, are as follows:
 
Unrealized
Gains (Losses)
on Cash
Flow
Hedges(1)
 
Unrealized Gains
(Losses)
on Available-
for-Sale Debt
Securities
 
Cumulative
Translation
Adjustment
 
Other(2)
 
Total
 
(millions)
Balances at June 27, 2015
$
4.4

 
$
0.5

 
$
(81.7
)
 
$
(0.9
)
 
$
(77.7
)
Other comprehensive loss before reclassifications
(0.3
)
 
(1.9
)
 
(25.0
)
 

 
(27.2
)
Less: gains reclassified from accumulated other comprehensive income to earnings
3.4

 

 

 

 
3.4

Net current-period other comprehensive loss
(3.7
)
 
(1.9
)
 
(25.0
)
 

 
(30.6
)
Balances at December 26, 2015
$
0.7

 
$
(1.4
)
 
$
(106.7
)
 
$
(0.9
)
 
$
(108.3
)
 
 
 
 
 
 
 
 
 
 
Balances at July 2, 2016
$
(8.8
)
 
$
0.3

 
$
(62.9
)
 
$
(1.5
)
 
$
(72.9
)
Other comprehensive income (loss) before reclassifications
6.5

 
(1.0
)
 
(54.0
)
 

 
(48.5
)
Less: losses reclassified from accumulated other comprehensive income to earnings
(5.7
)
 

 

 

 
(5.7
)
Net current-period other comprehensive income (loss)
12.2

 
(1.0
)
 
(54.0
)
 

 
(42.8
)
Balances at December 31, 2016
$
3.4

 
$
(0.7
)
 
$
(116.9
)
 
$
(1.5
)
 
$
(115.7
)
 
(1) 
The ending balances of AOCI related to cash flow hedges are net of tax of ($2.3) million and ($0.4) million as of December 31, 2016 and December 26, 2015, respectively. The amounts reclassified from AOCI are net of tax of $2.9 million and ($1.8) million as of December 31, 2016 and December 26, 2015, respectively.
(2)
Other represents the accumulated loss on the Company's minimum pension liability adjustment. The balances at December 31, 2016 and December 26, 2015 are net of tax of $0.8 million and $0.5 million, respectively.