XML 116 R100.htm IDEA: XBRL DOCUMENT v3.23.2
SHARE-BASED COMPENSATION - Stock Options (Details)
$ / shares in Units, $ in Thousands
12 Months Ended
Jul. 01, 2023
USD ($)
officer
employee
$ / shares
shares
Jul. 02, 2022
USD ($)
officer
employee
$ / shares
shares
Jul. 03, 2021
USD ($)
officer
employee
$ / shares
shares
Fair Value Assumptions and Methodology      
Dividend yield 2.40% 2.50% 2.70%
Expected volatility 32.60% 30.10% 32.10%
Risk-free interest rate 3.00% 1.00% 0.50%
Expected life (in years) 6 years 7 months 6 days 6 years 7 months 6 days 7 years
Shares Under Option      
Outstanding, beginning balance (in shares) 9,634,493    
Granted (in shares) 954,249 1,224,150 1,975,413
Exercised (in shares) 570,578    
Forfeited (in shares) 267,981    
Expired (in shares) 0    
Outstanding, ending balance (in shares) 9,750,183 9,634,493  
Vested or expected to vest (in shares) 2,036,563    
Exercisable (in shares) 7,644,880    
Weighted Average Exercise Price Per Share      
Outstanding, beginning balance (in dollars per share) | $ / shares $ 62.74    
Granted (in dollars per share) | $ / shares 84.97    
Exercised (in dollars per share) | $ / shares 54.80    
Forfeited (in dollars per share) | $ / shares 75.03    
Expired (in dollars per share) | $ / shares 0    
Outstanding, ending balance (in dollars per share) | $ / shares 65.05 $ 62.74  
Vested or expected to vest (in dollars per share) | $ / shares 75.56    
Exercisable (in dollars per share) | $ / shares $ 62.10    
Additional Disclosures      
Outstanding, ending balance, weighted average remaining contractual term (in years) 5 years 8 months 15 days    
Vested or expected to vest, weighted average remaining contractual term (in years) 8 years 3 months 25 days    
Exercisable, weighted average remaining contractual term (in years) 4 years 11 months 26 days    
Outstanding, ending balance, aggregate intrinsic value | $ $ 104,397    
Vested or expected to vest, aggregate intrinsic value | $ 8,142    
Exercisable, aggregate intrinsic value | $ $ 96,209    
Weighted average fair value of options granted in period (in USD per share) | $ / shares $ 24.46 $ 17.39 $ 13.72
Total intrinsic value of options exercised in period | $ $ 1,200 $ 5,100 $ 6,700
Key Employees      
Shares Under Option      
Granted (in shares) 570,037 724,596 1,269,184
Additional Disclosures      
Number of employees/officers receiving options in period | employee 167 145 117
Executive Officer      
Shares Under Option      
Granted (in shares) 384,212 499,554 706,229
Additional Disclosures      
Number of employees/officers receiving options in period | officer 13 11 13