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EARNINGS PER SHARE
 12 Months Ended
Jul. 03, 2021
Earnings Per Share, Basic [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
 202120202019
 (In thousands, except for share and per share data)
Numerator:  
Net earnings$524,209 $215,475 $1,674,271 
Denominator: 
Weighted-average basic shares outstanding510,696,398 510,121,071 516,890,581 
Dilutive effect of share-based awards2,858,690 3,904,903 6,490,543 
Weighted-average diluted shares outstanding513,555,088 514,025,974 523,381,124 
Basic earnings per share$1.03 $0.42 $3.24 
Diluted earnings per share$1.02 $0.42 $3.20 

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 3,807,000, 4,833,000 and 2,338,000 for fiscal 2021, 2020 and 2019, respectively.

Dividends declared were $933.4 million, $884.1 million and $793.2 million in fiscal 2021, 2020 and 2019, respectively. Included in dividends declared for each year were dividends declared but not yet paid at year-end of approximately $240.6 million, $228.7 million and $200.0 million in fiscal 2021, 2020 and 2019, respectively.