SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Jul. 01, 2017

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:

	2017		2016		2015
Dividend yield	2.8	%	3.1	%	3.2	%
Expected volatility	16.9	%	20.4	%	20.7	%
Risk-free interest rate	1.4	%	2.0	%	2.0	%
Expected life	7.2 years		7.2 years		7.3 years

Option rollforward and other disclosures table

The following summary presents information regarding outstanding options as of July 1, 2017 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 July 2, 2016	21,228,328	$	34.13
Granted	4,990,396	52.43
Exercised	4,850,087	30.60
Forfeited	268,433	44.94
Expired	29,368	27.69
Outstanding as of July 1, 2017	21,070,836	$	39.16	6.53	$	245,657
Vested or expected to vest as of July 1, 2017	13,515,614	$	42.65	7.72	$	113,962
Exercisable as of July 1, 2017	7,361,568	$	32.58	4.28	$	130,638

Non-vested awards rollforward table

The following summary presents information regarding outstanding non-vested awards as of July 1, 2017 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 July 2, 2016	2,532,721		$	38.93
Granted	1,499,610		51.31
Vested	(1,264,408	)	37.97
Forfeited	(124,095	)	42.65
Non-vested as of July 1, 2017	2,643,828		$	46.23