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STOCK OPTIONS AND OTHER SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 28, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Amounts and Classifications of Share-based Compensation
The following table summarizes the amounts and classification of share-based compensation expense:
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
(In millions)
Total expense
$
58

 
$
51

 
$
42

Included in:
 
 
 
 
 
Cost of product sales and services
$
12

 
$
8

 
$
3

Engineering, selling and administrative expenses
46

 
43

 
39

Income from continuing operations
58

 
51

 
42

Tax effect on share-based compensation expense
(14
)
 
(16
)
 
(16
)
Total share-based compensation expense after-tax
$
44

 
$
35

 
$
26
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:
 
2019
 
2018
 
2017
 
 
 
 
 
 
Expected dividends
1.6
%
 
1.8
%
 
2.4
%
Expected volatility
19.9
%
 
19.3
%
 
21.8
%
Risk-free interest rates
2.7
%
 
1.8
%
 
1.2
%
Expected term (years)
5.03

 
5.00

 
5.03
Schedule of Stock Option Activity
A summary of stock option activity under our SIPs as of June 28, 2019 and changes during fiscal 2019 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 29, 2018
4,698,370

 
$
74.50

 
 
 
 
Stock options forfeited or expired
(37,059
)
 
$
111.47

 
 
 
 
Stock options granted
270,963

 
$
163.23

 
 
 
 
Stock options exercised
(737,073
)
 
$
69.07

 
 
 
 
Stock options outstanding June 28, 2019
4,195,201

 
$
80.86

 
5.81
 
$
454.20

Stock options exercisable June 28, 2019
3,338,448

 
$
70.32

 
5.24
 
$
396.63
Schedule of Nonvested Stock Options
A summary of the status of our nonvested stock options at June 28, 2019 and changes during fiscal 2019 is as follows:
 
Shares
 
Weighted-Average
Grant-Date Fair Value
Per Share
Nonvested stock options June 29, 2018
1,613,401

 
$
14.66

Stock options granted
270,963

 
$
30.05

Stock options vested
(1,027,611
)
 
$
14.04

Nonvested stock options June 28, 2019
856,753

 
$
20.28
Schedule of Status of Restricted Stock Units
A summary of the status of these awards at June 28, 2019 and changes during fiscal 2019 is as follows:
 
Shares or Units
 
Weighted-Average
Grant Price Per Share or Unit
Restricted stock and restricted stock units outstanding at June 29, 2018
414,690

 
$
127.70

Restricted stock and restricted stock units granted
94,163

 
$
160.05

Restricted stock and restricted stock units vested
(119,748
)
 
$
130.77

Restricted stock and restricted stock units forfeited
(23,107
)
 
$
142.86

Restricted stock and restricted stock units outstanding at June 28, 2019
365,998

 
$
134.06
Schedule of Status of Performance Share Units
A summary of the status of these awards at June 28, 2019 and changes during fiscal 2019 is as follows:
 
Shares or Units
 
Weighted-Average
Grant Price
Per Share or Unit
Performance share units outstanding at June 29, 2018
625,293

 
$
98.11

Performance share units granted
168,913

 
$
155.12

Performance share units vested
(266,203
)
 
$
77.80

Performance share units forfeited
(18,254
)
 
$
124.83

Performance share units outstanding at June 28, 2019
509,749

 
$
126.73