Earnings Per Share

6 Months Ended

Dec. 28, 2019

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. 28, 2019		Dec. 29, 2018		Dec. 28, 2019		Dec. 29, 2018
	(In thousands, except for share and per share data)				(In thousands, except for share and per share data)
Numerator:
Net earnings	$	383,410	$	267,380	$	837,191	$	698,422
Denominator:
Weighted-average basic shares outstanding	509,984,743		517,871,328		511,721,290		519,363,973
Dilutive effect of share-based awards	5,533,049		6,729,182		5,399,105		7,453,528
Weighted-average diluted shares outstanding	515,517,792		524,600,510		517,120,395		526,817,501
Basic earnings per share	$	0.75	$	0.52	$	1.64	$	1.34
Diluted earnings per share	$	0.74	$	0.51	$	1.62	$	1.33

The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 2,947,000 and 2,565,000 for the second quarters of fiscal 2020 and fiscal 2019, respectively. The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 3,134,000 and 3,630,000 for the first 26 weeks of fiscal 2020 and fiscal 2019, respectively.