XML 43 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Jul. 02, 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:
| 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 |
The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximate ly 1,538,000, 3,807,000 and 4,833,000 for fiscal 2022, 2021 and 2020, respectively. Dividends declared were $970.8 million, $933.4 million and $884.1 million in fiscal 2022, 2021 and 2020, respectively. Included in dividends declared for each year were dividends declared but not yet paid at year-end of approximately $249.2 million, $240.6 million and $228.7 million in fiscal 2022, 2021 and 2020, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareBasicAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration