SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Jun. 29, 2024

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:

	2024		2023		2022
Dividend yield	2.6	%	2.4	%	2.5	%
Expected volatility	27.2	%	32.6	%	30.1	%
Risk-free interest rate	4.1	%	3.0	%	1.0	%
Expected Life	6.6 years		6.6 years		6.6 years

Schedule of Option Roll Forward and Other Disclosures

The following summary presents information regarding outstanding options as of June 29, 2024 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 millions)
Outstanding as of July 1, 2023	9,750,183	$	65.05
Granted	808,279	73.06
Exercised	1,586,486	55.05
Forfeited	477,689	77.65
Expired	—	—
Outstanding as of June 29, 2024	8,494,287	$	66.97	5.19	$	63
Expected to vest as of June 29, 2024	1,444,819	77.71		8.42	NM
Exercisable as of June 29, 2024	6,997,052	$	64.68	4.50	$	63

Schedule of Non-Vested Awards

The following summary presents information regarding outstanding non-vested awards as of June 29, 2024 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 1, 2023	2,453,904	$	82.05
Granted	1,727,704	74.58
Vested	(722,080)	73.96
Forfeited	(487,334)	77.24
Non-vested as of June 29, 2024	2,972,194	$	80.46