SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Jul. 03, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Black-Scholes option model assumption table

The weighted average assumptions discussed above are noted in the table below for relevant periods as follows:

	2021		2020		2019
Dividend yield	2.7	%	2.4	%	2.5	%
Expected volatility	32.1	%	18.3	%	16.9	%
Risk-free interest rate	0.5	%	1.5	%	2.8	%
Expected Life	7.0 years		7.0 years		7.0 years

Option rollforward and other disclosures table

The following summary presents information regarding outstanding options as of July 3, 2021 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 June 27, 2020	11,948,204	$	57.12
Granted	1,975,413	59.05
Exercised	2,350,245	47.52
Forfeited	524,207	67.84
Expired	—	—
Outstanding as of July 3, 2021	11,049,165	$	59.00	6.61	$	194,693
Expected to vest as of July 3, 2021	3,974,102	$	67.10	8.51	$	37,838
Exercisable as of July 3, 2021	7,003,540	$	54.35	5.50	$	155,932

Non-vested awards rollforward table

The following summary presents information regarding outstanding non-vested awards as of July 3, 2021 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, restricted awards granted to non-employee directors and PSUs.

	Shares	Weighted Average Grant Date Fair Value Per Share
Non-vested as of June 27, 2020	2,842,629	$	66.31
Granted	1,445,290	65.06
Vested	(638,675)	63.11
Forfeited	(597,739)	69.72
Non-vested as of July 3, 2021	3,051,505	$	65.72