Income (Loss) From Continuing Operations Per Common Share (Tables)

6 Months Ended

Dec. 30, 2016

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent [Abstract]

Computation of Net Income Per Common Share

The computations of income from continuing operations per common share are as follows:

	Quarter Ended					Two Quarters Ended
	December 30, 2016			January 1, 2016		December 30, 2016			January 1, 2016
	(In millions, except per share amounts)
Income from continuing operations	$	168		$	197	$	324		$	343
Adjustments for participating securities outstanding	(1		)	—		(2		)	—
Income from continuing operations used in per basic and diluted common share calculations (A)	$	167		$	197	$	322		$	343
Basic weighted average common shares outstanding (B)	123.7			123.8		123.8			123.6
Impact of dilutive share-based awards	1.7			1.1		1.7			1.1
Diluted weighted average common shares outstanding (C)	125.4			124.9		125.5			124.7
Income from continuing operations per basic common share (A)/(B)	$	1.35		$	1.59	$	2.60		$	2.77
Income from continuing operations per diluted common share (A)/(C)	$	1.33		$	1.58	$	2.57		$	2.75