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Shareholders' Equity | 9 Months Ended
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Mar. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Shareholders' Equity | Shareholders’ Equity Stock-based Compensation Expense The following tables present the Company’s stock-based compensation for equity-settled awards by type and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:
| Three Months Ended |  | Nine Months Ended
| March 30, 2018 |  | March 31, 2017 |  | March 30, 2018 |  | March 31, 2017
| (in millions)
Options | $ | 6 |  |  | $ | 10 |  |  | $ | 19 |  |  | $ | 33 |
Restricted and performance stock units | 89 |  |  | 85 |  |  | 260 |  |  | 254 |
Employee stock purchase plan | 8 |  |  | 7 |  |  | 20 |  |  | 16 |
Subtotal | 103 |  |  | 102 |  |  | 299 |  |  | 303 |
Tax benefit | (17 | ) |  | (26 | ) |  | (51 | ) |  | (80 | )
Total | $ | 86 |  |  | $ | 76 |  |  | $ | 248 |  |  | $ | 223 |
| Three Months Ended |  | Nine Months Ended
| March 30, 2018 |  | March 31, 2017 |  | March 30, 2018 |  | March 31, 2017
| (in millions)
Cost of revenue | $ | 11 |  |  | $ | 13 |  |  | $ | 37 |  |  | $ | 37 |
Research and development | 45 |  |  | 45 |  |  | 134 |  |  | 132 |
Selling, general and administrative | 46 |  |  | 40 |  |  | 127 |  |  | 125 |
Employee termination, asset impairment, and other charges | 1 |  |  | 4 |  |  | 1 |  |  | 9 |
Subtotal | 103 |  |  | 102 |  |  | 299 |  |  | 303 |
Tax benefit | (17 | ) |  | (26 | ) |  | (51 | ) |  | (80 | )
Total | $ | 86 |  |  | $ | 76 |  |  | $ | 248 |  |  | $ | 223 |
Compensation cost related to unvested stock options, restricted stock unit awards (“RSU”), performance-based restricted stock unit awards (“PSU”) and the Company’s Employee Stock Purchase Plan (“ESPP”) will generally be amortized on a straight-line basis over the remaining average service period. The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of March 30, 2018.
| Unamortized Compensation Costs |  | Weighted Average Service Period
| (in millions) |  | (years)
Options | $ | 32 |  |  | 2.0
RSUs and PSUs (1) | 528 |  |  | 2.2
ESPP | 15 |  |  | 0.5
Total unamortized compensation cost | $ | 575 |  |  |
(1) | Weighted average service period assumes the performance metrics are met for the PSUs.
Plan Activities Stock Options The following table summarizes stock option activity under the Company’s incentive plans:
| Number of Shares |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value
| (in millions) |  |  |  | (in years) |  | (in millions)
Options outstanding at June 30, 2017 | 7.4 |  |  | $ | 58.14 |  |  |  |  |
Exercised | (2.0 | ) |  | 44.74 |  |  |  |  | $ | 91 |
Canceled or expired | (0.3 | ) |  | 61.95 |  |  |  |  |
Options outstanding at March 30, 2018 | 5.1 |  |  | $ | 63.29 |  |  | 4.0 |  | $ | 158 |
Exercisable at March 30, 2018 | 2.9 |  |  | $ | 69.85 |  |  | 3.3 |  | $ | 74 |
RSUs and PSUs The following table summarizes RSU and PSU activity under the Company’s incentive plans:
| Number of Shares |  | Weighted Average Grant Date Fair Value |  | Aggregate Intrinsic Value at Vest Date
| (in millions) |  |  |  | (in millions)
RSUs and PSUs outstanding at June 30, 2017 | 13.7 |  |  | $ | 45.01 |  |  |
Granted | 5.0 |  |  | 79.10 |  |  |
Vested | (6.0 | ) |  | 44.99 |  |  | $ | 529 |
Forfeited | (0.9 | ) |  | 48.72 |  |  |
RSUs and PSUs outstanding at March 30, 2018 | 11.8 |  |  | $ | 57.62 |  |  |
RSUs and PSUs are generally settled in an equal number of shares of the Company’s common stock at the time of vesting of the units. Stock Repurchase Program The Company’s Board of Directors (the “Board”) has authorized $5.00 billion for the repurchase of the Company’s common stock. The stock repurchase program is effective until February 3, 2020. The Company had made repurchases aggregating $2.88 billion prior to fiscal 2018. The Company repurchased 1.78 million shares for a total cost of $155 million during the three and nine months ended March 30, 2018. The remaining amount available to be purchased under the Company’s stock repurchase program as of March 30, 2018 was $1.97 billion. Dividends to Shareholders Since the first quarter of 2013, the Company has issued a quarterly cash dividend. During the nine months ended March 30, 2018, the Company declared aggregate cash dividends of $1.50 per share on its outstanding common stock totaling $446 million, of which $296 million was paid during the period and $150 million was paid on April 16, 2018. On May 2, 2018, the Board declared a cash dividend of $0.50 per share to shareholders of record as of June 29, 2018, which will be paid on July 16, 2018. The Company may modify, suspend or cancel its cash dividend policy in any manner and at any time.

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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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