STOCK REPURCHASE PROGRAM (Tables)

9 Months Ended

Mar. 26, 2023

Equity [Abstract]

Schedule of Repurchases Under the Repurchase Program

Repurchases under the repurchase program were as follows during the periods indicated:

Period	Total Number of Shares Repurchased		Total Cost of Repurchase			Average Price Paid Per  Share (1)			Amount Available Under Repurchase Program (3)
	(in thousands, except per share data)
Available balance as of June 26, 2022									$	5,514,636
Quarter ended September 25, 2022	675	(2)	$	104,982		$	432.74		$	5,409,654
Quarter ended December 25, 2022	1,125		$	483,226		$	429.42		$	4,926,428
Quarter ended March 26, 2023	1,017		$	483,418	(3)	$	475.18	(3)	$	4,443,010

(1)    Average price paid per share excludes the effect of accelerated share repurchase activities. See additional disclosure below regarding the Company’s accelerated share repurchase activity during the nine months ended March 26, 2023.

(2)    Includes shares received at final settlement of accelerated share repurchase agreements; see additional disclosures below regarding the Company’s accelerated share repurchase activity during the nine months ended March 26, 2023.

(3)    As of January 1, 2023, the Company’s net share repurchases are subject to a 1% excise tax under the Inflation Reduction Act. Excise tax incurred reduces the amount available under the repurchase program, as applicable, and is included in the cost of share repurchased in the Condensed Consolidated Statement of Stockholders’ Equity.