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Shareholders’ Equity and Convertible Preferred Stock (Tables)

12 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Disclosure 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 and financial statement line as well as the related tax benefit included in the Company’s Consolidated Statements of Operations:

															2023						2022						2021
															(in millions)
RSUs and PSUs															$	283					$	286					$	282
ESPP															35						40						36
Total															$	318					$	326					$	318

															2023						2022						2021
															(in millions)
Cost of revenue															$	49					$	48					$	55
Research and development															152						167						158
Selling, general and administrative															117						111						105
Subtotal															318						326						318
Tax benefit															(43)						(48)						(47)
Total															$	275					$	278					$	271

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 June 30, 2023:

			Unamortized Compensation Costs						Weighted Average Service Period
			(in millions)						(years)
RSUs and PSUs (1)			$	464					2.2
ESPP			67						1.4
Total unamortized compensation cost			$	531

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

Schedule of Stock Option Activity

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 July 3, 2020			2.7						$	69.16
Exercised			(0.4)						44.34												$	6
Canceled or expired			(0.8)						75.42
Options outstanding at July 2, 2021			1.5						72.84
Exercised			(0.2)						43.80												$	3
Canceled or expired			(0.4)						97.65
Options outstanding at July 1, 2022			0.9						66.76
Canceled or expired			(0.6)						80.72
Options outstanding at June 30, 2023			0.3						$	44.95					0.10

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 3, 2020			13.3						$	60.92
Granted			8.8						40.40
Vested			(4.5)						60.18						$	196
Forfeited			(1.5)						55.74
RSUs and PSUs outstanding at July 2, 2021			16.1						50.12
Granted			6.9						60.00
Vested			(5.2)						54.27						$	317
Forfeited			(2.4)						52.14
RSUs and PSUs outstanding at July 1, 2022			15.4						52.89
Granted			6.6						41.27
Vested			(6.6)						54.05						$	274
Forfeited			(1.6)						54.56
RSUs and PSUs outstanding at June 30, 2023			13.8						$	46.56

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The fair values of ESPP purchase rights have been estimated at the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted average assumptions:

															2023						2022						2021
Weighted-average expected term (in years)															1.25						1.25						1.25
Risk-free interest rate															4.52%						1.42%						0.10%
Stock price volatility															0.46						0.48						0.56
Dividend yield															—%						—%						—%
Fair value															$9.70						$15.56						$21.59

Schedule of Shares of Common Stock Reserved for Issuance Table

The following table summarizes all common stock reserved for issuance at June 30, 2023:

			Number of Shares
			(in millions)
Outstanding awards and shares available for award grants			24
ESPP			7
Total			31

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