SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Jul. 01, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Black-Scholes Option Model Assumption

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

	2023		2022		2021
Dividend yield	2.4	%	2.5	%	2.7	%
Expected volatility	32.6	%	30.1	%	32.1	%
Risk-free interest rate	3.0	%	1.0	%	0.5	%
Expected Life	6.6 years		6.6 years		7.0 years

Schedule of Option Roll Forward and Other Disclosures

The following summary presents information regarding outstanding options as of July 1, 2023 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 July 2, 2022	9,634,493	$	62.74
Granted	954,249	84.97
Exercised	570,578	54.80
Forfeited	267,981	75.03
Expired	—	—
Outstanding as of July 1, 2023	9,750,183	$	65.05	5.71	$	104,397
Expected to vest as of July 1, 2023	2,036,563	$	75.56	8.32	$	8,142
Exercisable as of July 1, 2023	7,644,880	$	62.10	4.99	$	96,209

Schedule of Non-Vested Awards

The following summary presents information regarding outstanding non-vested awards as of July 1, 2023 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 July 2, 2022	3,065,295	$	69.10
Granted	1,514,501	79.26
Vested	(1,863,721)	59.59
Forfeited	(262,171)	74.25
Non-vested as of July 1, 2023	2,453,904	$	82.05