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Shareholders' Equity (Tables)

9 Months Ended

Apr. 01, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Arrangements by Share-based Payment Award

The following tables present the Company’s stock-based compensation for equity-settled awards by type (i.e., restricted stock units (“RSUs”), restricted stock unit awards with performance conditions or market conditions (“PSUs”), and rights to purchase shares of common stock under the Company’s Employee Stock Purchase Plan (“ESPP”)) 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
			April 1, 2022						April 2, 2021						April 1, 2022						April 2, 2021
			(in millions)
RSUs and PSUs			$	75					$	73					$	220					$	212
ESPP			11						10						29						27
Total			$	86					$	83					$	249					$	239

			Three Months Ended												Nine Months Ended
			April 1, 2022						April 2, 2021						April 1, 2022						April 2, 2021
			(in millions)
Cost of revenue			$	13					$	14					$	36					$	41
Research and development			43						41						126						120
Selling, general and administrative			30						28						87						78
Subtotal			86						83						249						239
Tax benefit			(9)						(11)						(37)						(35)
Total			$	77					$	72					$	212					$	204

Schedule of Employee Service Share-based Compensation, Unrecognized Costs

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of April 1, 2022:

			Unamortized Compensation Costs						Weighted Average Service Period
			(in millions)						(years)
RSUs and PSUs (1)			$	589					2.3
ESPP			70						1.5
Total unamortized compensation cost			$	659

(1)    Weighted average service period assumes the performance metrics are met for the PSUs.

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans. All outstanding options were exercisable at April 1, 2022:

			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 July 2, 2021			1.5						$	72.84					1.2						$	15
Exercised			(0.2)						43.52												3
Canceled or expired			(0.4)						98.24
Options outstanding at April 1, 2022			0.9						65.97						0.77						2

Schedule of Restricted Stock Unit

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 July 2, 2021			16.1						$	50.12
Granted			5.5						62.53
Vested			(4.9)						53.93						$	301
Forfeited			(1.7)						51.77
RSUs and PSUs outstanding at April 1, 2022			15.0						53.33

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