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Net Income Per Common Share
9 Months Ended
Apr. 01, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share The following table presents the computation of basic and diluted income per common share:
Three Months EndedNine Months Ended
 April 1,
2022
April 2,
2021
April 1,
2022
April 2,
2021
(in millions, except per share data)
Net income$25 $197 $1,199 $199 
Weighted average shares outstanding:
Basic313 306 312 305 
Employee stock options, RSUs, PSUs and ESPP
Basic and diluted316 313 316 308 
Income per common share:
Basic$0.08 $0.64 $3.84 $0.65 
Diluted$0.08 $0.63 $3.79 $0.65 
Anti-dilutive potential common shares excluded
The Company computes basic income per common share using Net income and the weighted average number of common shares outstanding during the period. Diluted income per common share is computed using Net income 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.