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Net Income (Loss) Per Common Share | 12 Months Ended
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Jul. 03, 2020
Earnings Per Share [Abstract] |
Net Income (Loss) Per Common Share | Net Income (Loss) Per Common Share The following table presents the computation of basic and diluted income (loss) per common share:
|  |  |  |  | Year Ended |  |  |  |
|  |  |  |  | 2020 |  | 2019 |  | 2018
|  |  |  |  | (in millions, except per share data) |  |  |  |
Net income (loss) |  |  |  |  | $ | (250) |  |  | $ | (754) |  |  | $ | 675 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |  |
Basic |  |  |  |  | 298 |  |  | 292 |  |  | 297 |
Employee stock options, RSUs, PSUs and ESPP |  |  |  |  | — |  |  | — |  |  | 10 |
Diluted |  |  |  |  | 298 |  |  | 292 |  |  | 307 |
Income (loss) per common share |  |  |  |  |  |  |  |  |
Basic |  |  |  |  | $ | (0.84) |  |  | $ | (2.58) |  |  | $ | 2.27 |
Diluted |  |  |  |  | $ | (0.84) |  |  | $ | (2.58) |  |  | $ | 2.20 |
Anti-dilutive potential common shares excluded |  |  |  |  | 15 |  |  | 17 |  |  | 2 |
The Company computes basic income (loss) per common share using Net income (loss) and the Weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is computed using Net income (loss) and the Weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include dilutive outstanding employee stock options, RSUs and PSUs, and rights to purchase shares of common stock under the Company’s ESPP. For 2018, the Company excluded common shares subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive based on the Company’s average stock price during the period. For 2020 and 2019, the Company recorded net loss, and all shares subject to outstanding equity awards have been excluded for those periods because including them would be anti-dilutive.

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- 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 http://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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://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 http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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