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EARNINGS PER SHARE
9 Months Ended
Apr. 02, 2022
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 Ended39-Week Period Ended
 Apr. 2, 2022Mar. 27, 2021Apr. 2, 2022Mar. 27, 2021
 (In thousands, except for share
and per share data)
(In thousands, except for share
and per share data)
Numerator:  
Net earnings$303,325 $88,927 $848,779 $373,116 
Denominator:
Weighted-average basic shares outstanding508,368,159 511,110,670 510,642,876 510,081,610 
Dilutive effect of share-based awards3,870,364 3,474,459 3,555,904 2,607,285 
Weighted-average diluted shares outstanding512,238,523 514,585,129 514,198,780 512,688,895 
Basic earnings per share$0.60 $0.17 $1.66 $0.73 
Diluted earnings per share$0.59 $0.17 $1.65 $0.73 
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 1,105,000 and 1,893,000 for the third quarter of fiscal 2022 and fiscal 2021, 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 1,731,000 and 4,763,000 for the first 39 weeks of fiscal 2022 and fiscal 2021, respectively.