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STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Amounts and Classifications of Share-based Compensation
The following table summarizes the amounts and classification of share-based compensation expense:
 
2018
 
2017
 
2016
 
 
 
 
 
 
 
(In millions)
Total expense
$
51

 
$
42

 
$
36

Included in:
 
 
 
 
 
Cost of product sales and services
$
8

 
$
3

 
$
4

Engineering, selling and administrative expenses
43

 
39

 
32

Income from continuing operations
51

 
42

 
36

Tax effect on share-based compensation expense
(16
)
 
(16
)
 
(14
)
Total share-based compensation expense after-tax
$
35

 
$
26

 
$
22
Schedule of Assumptions Used in Determining Fair Value of Stock Options
A summary of the significant assumptions used in determining the fair value of stock option grants under our SIPs is as follows:
 
2018
 
2017
 
2016
 
 
 
 
 
 
Expected dividends
1.8
%
 
2.4
%
 
2.5
%
Expected volatility
19.3
%
 
21.8
%
 
23.0
%
Risk-free interest rates
1.8
%
 
1.2
%
 
1.5
%
Expected term (years)
5.00

 
5.03

 
5.05
Schedule of Stock Option Activity
A summary of stock option activity under our SIPs as of June 29, 2018 and changes during fiscal 2018 is as follows:
 
Shares
 
Weighted
Average
Exercise
Price
Per Share
 
Weighted
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic Value
 
 
 
 
 
(In years)
 
(In millions)
Stock options outstanding June 30, 2017
4,910,142

 
$
69.89

 
 
 
 
Stock options forfeited or expired
(98,532
)
 
$
88.51

 
 
 
 
Stock options granted
412,285

 
$
119.70

 
 
 
 
Stock options exercised
(525,525
)
 
$
64.25

 
 
 
 
Stock options outstanding June 29, 2018
4,698,370

 
$
74.50

 
6.53
 
$
329.05

Stock options exercisable June 29, 2018
3,084,969

 
$
64.34

 
5.71
 
$
247.42
Schedule of Nonvested Stock Options
A summary of the status of our nonvested stock options at June 29, 2018 and changes during fiscal 2018 is as follows:
 
Shares
 
Weighted-Average
Grant-Date Fair Value
Per Share
Nonvested stock options June 30, 2017
2,596,282

 
$
13.23

Stock options granted
412,285

 
$
18.60

Stock options vested
(1,395,166
)
 
$
13.15

Nonvested stock options June 29, 2018
1,613,401

 
$
14.66
Schedule of Status of Restricted Stock Units
A summary of the status of these awards at June 29, 2018 and changes during fiscal 2018 is as follows:
 
Shares or Units
 
Weighted-Average
Grant Price Per Share or Unit
Restricted stock and restricted stock units outstanding at June 30, 2017
260,964

 
$
84.92

Restricted stock and restricted stock units granted
312,247

 
$
141.46

Restricted stock and restricted stock units vested
(138,659
)
 
$
80.44

Restricted stock and restricted stock units forfeited
(19,862
)
 
$
111.88

Restricted stock and restricted stock units outstanding at June 29, 2018
414,690

 
$
127.70
Schedule of Status of Performance Share Units
A summary of the status of these awards at June 29, 2018 and changes during fiscal 2018 is as follows:
 
Shares or Units
 
Weighted-Average
Grant Price
Per Share or Unit
Performance share units outstanding at June 30, 2017
633,735

 
$
81.81

Performance share units granted
193,321

 
$
123.13

Performance share units vested
(173,505
)
 
$
66.48

Performance share units forfeited
(28,258
)
 
$
97.97

Performance share units outstanding at June 29, 2018
625,293

 
$
98.11