EARNINGS PER SHARE

3 Months Ended

Oct. 01, 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 Ended
	Oct. 1, 2022		Oct. 2, 2021
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	465,568	$	378,013
Denominator:
Weighted-average basic shares outstanding	507,578,576		512,516,067
Dilutive effect of share-based awards	2,804,573		3,266,861
Weighted-average diluted shares outstanding	510,383,149		515,782,928
Basic earnings per share	$	0.92	$	0.74
Diluted earnings per share	$	0.91	$	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 1,393,000 and 1,963,000 for the first quarter of fiscal 2023 and fiscal 2022, respectively.