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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Jul. 02, 2022
Earnings Per Share, Basic [Abstract] |
Computation of basic and diluted earnings per share | The following table sets forth the computation of basic and diluted earnings per share:
| 2022 |  | 2021 |  | 2020
| (In thousands, except for share and per share data)
Numerator: |  |  |  |  |
Net earnings | $ | 1,358,768 |  |  | $ | 524,209 |  |  | $ | 215,475 |
Denominator: |  |  |  |  |
Weighted-average basic shares outstanding | 510,630,645 |  |  | 510,696,398 |  |  | 510,121,071 |
Dilutive effect of share-based awards | 3,375,182 |  |  | 2,858,690 |  |  | 3,904,903 |
Weighted-average diluted shares outstanding | 514,005,827 |  |  | 513,555,088 |  |  | 514,025,974 |
Basic earnings per share | $ | 2.66 |  |  | $ | 1.03 |  |  | $ | 0.42 |
Diluted earnings per share | $ | 2.64 |  |  | $ | 1.02 |  |  | $ | 0.42 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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