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Share-Based Compensation (Tables)
 12 Months Ended
Jul. 02, 2016
Share-based Compensation [Abstract]  
Black-Scholes option model assumption table
The weighted average assumptions discussed above are noted in the table below for relevant periods as follows:
 
2016
 
2015
 
2014
Dividend yield
3.1
%
 
3.2
%
 
3.5
%
Expected volatility
20.4
%
 
20.7
%
 
20.4
%
Risk-free interest rate
2.0
%
 
2.0
%
 
2.1
%
Expected life
7.2 years

 
7.3 years

 
7.2 years
Option rollforward and other disclosures table
The following summary presents information regarding outstanding options as of July 2, 2016 and changes during the fiscal year then ended with regard to options under all stock incentive plans:
 
Shares Under Option
 
Weighted Average Exercise Price Per Share
 
Weighted Average Remaining Contractual Term (in years)
 
Aggregate Intrinsic Value
(in thousands)
Outstanding as of June 27, 2015
25,792,378

 
$
31.28

 
 
 
 
Granted
4,367,764

 
40.63

 
 
 
 
Exercised
(8,154,705
)
 
28.62

 
 
 
 
Forfeited
(756,775
)
 
34.20

 
 
 
 
Expired
(20,334
)
 
25.79

 
 
 
 
Outstanding as of July 2, 2016
21,228,328

 
$
34.13

 
6.03
 
$
352,493

Vested or expected to vest as of July 2, 2016
13,735,565

 
$
35.94

 
7.19
 
$
203,100

Exercisable as of July 2, 2016
7,305,776

 
$
30.60

 
3.78
 
$
147,080
Non-vested awards rollforward table
The following summary presents information regarding outstanding non-vested awards as of July 2, 2016 and changes during the fiscal year then ended with regard to these awards under the stock incentive plans. Award types represented include restricted stock units granted to employees and restricted awards granted to non-employee directors.
 
Shares
 
Weighted Average Grant Date Fair Value Per Share
Non-vested as of June 27, 2015
2,697,654

 
$
34.37

Granted
1,301,278

 
42.71

Vested
(1,335,552
)
 
33.69

Forfeited
(130,659
)
 
35.98

Non-vested as of July 2, 2016
2,532,721

 
$
38.93