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Share-based Compensation
 6 Months Ended
Dec. 28, 2019
Share-based Payment Arrangement [Abstract]  
Share-based Compensation SHARE-BASED COMPENSATION
The following table shows the share-based compensation expense and the related tax benefits recognized in the Company's Condensed Consolidated Statements of Operations for the periods indicated: 
 
Three Months Ended
 
Six Months Ended
 
December 28,
2019
 
December 29, 2018
 
December 28,
2019
 
December 29, 2018
 
(millions)
Share-based compensation expense(1)
$
16.8

 
$
21.5

 
$
43.6

 
$
43.9

Income tax benefit related to share-based compensation expense
3.5

 
4.0

 
8.9

 
8.2

 

(1) 
During the three and six months ended December 28, 2019, the Company incurred $0.1 million and $9.8 million of share-based compensation expense related to its organization-related and integration activities, respectively. During the three and six months ended December 29, 2018, the Company incurred $0.4 million and $0.8 million of share-based compensation expense related to integration activities, respectively.
Stock Options
A summary of stock option activity during the six months ended December 28, 2019 is as follows:
 
Number of
Options
Outstanding
 
(millions)
Outstanding at June 29, 2019
12.4

Granted
5.4

Exercised
—

Forfeited or expired
(0.4
)
Outstanding at December 28, 2019
17.4


The weighted-average grant-date fair value of options granted during the six months ended December 28, 2019 and December 29, 2018 was $3.83 and $9.77, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions:
 
December 28,
2019
 
December 29,
2018
Expected term (years)
5.1

 
5.0

Expected volatility
37.6
%
 
30.3
%
Risk-free interest rate
1.5
%
 
3.1
%
Dividend yield
6.4
%
 
3.1
%

Service-based Restricted Stock Unit Awards ("RSUs")
A summary of service-based RSU activity during the six months ended December 28, 2019 is as follows:
 
Number of
Non-vested RSUs
 
(millions)
Non-vested at June 29, 2019
3.3

Granted
3.8

Vested
(1.3
)
Forfeited
(0.3
)
Non-vested at December 28, 2019
5.5


The weighted-average grant-date fair value of share awards granted during the six months ended December 28, 2019 and December 29, 2018 was $21.45 and $50.85, respectively.
Performance-based Restricted Stock Unit Awards ("PRSUs")
A summary of PRSU activity during the six months ended December 28, 2019 is as follows:
 
Number of
Non-vested PRSUs
 
(millions)
Non-vested at June 29, 2019
0.9

Granted
0.6

Change due to performance condition achievement
—

Vested
(0.3
)
Forfeited
—

Non-vested at December 28, 2019
1.2


The PRSU awards included in the non-vested amount are based on certain Company-specific financial metrics. The effect of the change due to performance condition on the non-vested amount is recognized at the conclusion of the performance period, which may differ from the date on which the award vests.
The weighted-average grant-date fair value per share of PRSU awards granted during the six months ended December 28, 2019 and December 29, 2018 was $21.65 and $50.89, respectively.