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Shareholders' Equity | 3 Months Ended
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Sep. 28, 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
| September 28, 2018 |  | September 29, 2017
| (in millions)
Options | $ | 5 |  |  | $ | 7 |
Restricted and performance stock units | 67 |  |  | 83 |
Employee stock purchase plan | 7 |  |  | 7 |
Subtotal | 79 |  |  | 97 |
Tax benefit | (11 | ) |  | (24 | )
Total | $ | 68 |  |  | $ | 73 |
| Three Months Ended
| September 28, 2018 |  | September 29, 2017
| (in millions)
Cost of revenue | $ | 11 |  |  | $ | 13 |
Research and development | 39 |  |  | 44 |
Selling, general and administrative | 29 |  |  | 40 |
Subtotal | 79 |  |  | 97 |
Tax benefit | (11 | ) |  | (24 | )
Total | $ | 68 |  |  | $ | 73 |
Compensation cost related to unvested stock options, restricted stock unit awards, (“RSU”), performance-based restricted stock unit awards, (“PSU”), and rights to purchase shares of common stock under 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 September 28, 2018:
| Unamortized Compensation Costs |  | Weighted Average Service Period
| (in millions) |  | (years)
Options | $ | 19 |  |  | 1.6
RSUs and PSUs (1) | 750 |  |  | 2.7
ESPP | 43 |  |  | 1.3
Total unamortized compensation cost | $ | 812 |  |  |
(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 29, 2018 | 4.8 |  |  | $ | 64.23 |  |  |  |  |
Exercised | (0.2 | ) |  | 37.26 |  |  |  |  | $ | 6 |
Canceled or expired | (0.1 | ) |  | 66.44 |  |  |  |  |
Options outstanding at September 28, 2018 | 4.5 |  |  | $ | 65.38 |  |  | 3.5 |  | $ | 36 |
Exercisable at September 28, 2018 | 3.1 |  |  | $ | 71.72 |  |  | 3.0 |  | $ | 19 |
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 29, 2018 | 12.6 |  |  | $ | 58.31 |  |  |
Granted | 6.1 |  |  | 63.12 |  |  |
Vested | (2.8 | ) |  | 62.84 |  |  | $ | 196 |
Forfeited | (0.3 | ) |  | 54.50 |  |  |
RSUs and PSUs outstanding at September 28, 2018 | 15.6 |  |  | $ | 59.62 |  |  |
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 previously authorized $5.00 billion for the repurchase of the Company’s common stock. During the three months ended September 28, 2018, the Company repurchased 0.8 million shares for a total cost of $61 million under this previous authorization. On July 25, 2018, the Company’s Board of Directors authorized a new $5.00 billion share repurchase program that is effective through July 25, 2023, replacing all prior programs. During the three months ended September 28, 2018, the Company repurchased 7.6 million shares for a total cost of $502 million under this new program. Therefore, the Company’s stock repurchases under all stock repurchase authorizations in effect for the three months ended September 28, 2018 totaled $563 million. The remaining amount available to be repurchased under the Company’s stock repurchase program as of September 28, 2018 was $4.50 billion. Repurchases under the stock repurchase program may be made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan. The Company expects stock repurchases to be funded principally by operating cash flows. Dividends to Shareholders Since the first quarter of 2013, the Company has issued a quarterly cash dividend. During the three months ended September 28, 2018, the Company declared a cash dividend of $0.50 per share on its outstanding common stock totaling $145 million, which was paid on October 15, 2018.

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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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