Earnings Per Share

3 Months Ended

Oct. 01, 2016

Earnings Per Share, Basic [Abstract]

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:



	13-Week Period Ended
	Oct. 1, 2016		Sep. 26, 2015
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	323,887	$	244,420
Denominator:
Weighted-average basic shares outstanding	555,437,764		596,698,935
Dilutive effect of share-based awards	5,516,304		4,090,978
Weighted-average diluted shares outstanding	560,954,068		600,789,913
Basic earnings per share	$	0.58	$	0.41
Diluted earnings per share	$	0.58	$	0.41

The number of options that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 2,056,000 and 4,500,000 for the first quarter of fiscal 2017 and fiscal 2016, respectively.