XML 42 R26.htm IDEA: XBRL DOCUMENT
v3.23.2

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Jul. 01, 2023
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:
| 2023 |  | 2022 |  | 2021
| (In thousands, except for share and per share data)
Numerator: |  |  |  |  |
Net earnings | $ | 1,770,124 |  |  | $ | 1,358,768 |  |  | $ | 524,209 |
Denominator: |  |  |  |  |
Weighted-average basic shares outstanding | 507,362,913 |  |  | 510,630,645 |  |  | 510,696,398 |
Dilutive effect of share-based awards | 2,356,843 |  |  | 3,375,182 |  |  | 2,858,690 |
Weighted-average diluted shares outstanding | 509,719,756 |  |  | 514,005,827 |  |  | 513,555,088 |
Basic earnings per share | $ | 3.49 |  |  | $ | 2.66 |  |  | $ | 1.03 |
Diluted earnings per share | $ | 3.47 |  |  | $ | 2.64 |  |  | $ | 1.02 |
The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 2,373,000, 1,538,000 and 3,807,000 for fiscal 2023, 2022 and 2021, respectively. Dividends declared were $999.2 million, $970.8 million and $933.4 million in fiscal 2023, 2022 and 2021, respectively. Included in dividends declared for each year were dividends declared but not yet paid at year-end of approximately $252.6 million, $249.2 million and $240.6 million in fiscal 2023, 2022 and 2021, 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration