XML 33 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Net Income (Loss) Per Common Share
 9 Months Ended
Apr. 02, 2021
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:
Three Months EndedNine Months Ended
 April 2,
2021		April 3,
2020		April 2,
2021		April 3,
2020
(in millions, except per share data)
Net income (loss)$197 $17 $199 $(398)
Weighted average shares outstanding:
Basic306 299 305 298 
Employee stock options, RSUs, PSUs and ESPP7 4 3 — 
Basic and diluted313 303 308 298 
Income (loss) per common share
Basic$0.64 $0.06 $0.65 $(1.34)
Diluted$0.63 $0.06 $0.65 $(1.34)
Anti-dilutive potential common shares excluded1 3 7 15 

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 the nine months ended April 3, 2020, the Company recorded net loss, and all shares subject to outstanding equity awards have been excluded for this period because including them would be anti-dilutive.