EARNINGS PER SHARE

3 Months Ended

Oct. 02, 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:

	13-Week Period Ended
	Oct. 2, 2021		Sep. 26, 2020
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	378,013	$	216,900
Denominator:
Weighted-average basic shares outstanding	512,516,067		509,127,405
Dilutive effect of share-based awards	3,266,861		1,611,355
Weighted-average diluted shares outstanding	515,782,928		510,738,760
Basic earnings per share	$	0.74	$	0.43
Diluted earnings per share	$	0.73	$	0.42

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 1,963,000 and 6,110,000 for the first quarter of fiscal 2022 and fiscal 2021, respectively.