Earnings Per Share

6 Months Ended

Dec. 31, 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				26-Week Period Ended
	Dec. 31, 2016		Dec. 26, 2015		Dec. 31, 2016		Dec. 26, 2015
	(In thousands, except for share and per share data)				(In thousands, except for share and per share data)
Numerator:
Net earnings	$	275,167	$	272,399	$	599,054	$	516,819
Denominator:
Weighted-average basic shares outstanding	545,132,762		566,881,538		550,285,268		581,790,230
Dilutive effect of share-based awards	5,239,305		4,570,586		5,377,805		4,330,783
Weighted-average diluted shares outstanding	550,372,067		571,452,124		555,663,073		586,121,013
Basic earnings per share	$	0.50	$	0.48	$	1.09	$	0.89
Diluted earnings per share	$	0.50	$	0.48	$	1.08	$	0.88

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 4,900,000 and 4,000,000 for the second quarter of fiscal 2017 and fiscal 2016, respectively. 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 3,500,000 and 4,300,000 for the first 26 weeks of fiscal 2017 and fiscal 2016, respectively.