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Share-based Compensation (Tables) | 9 Months Ended
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Mar. 27, 2021
Share-based Payment Arrangement [Abstract] |
Compensation Cost Charged Against Income and Related Tax Benefits for Share-based Compensation Plans | The following table shows the share-based compensation expense and the related tax benefits recognized in the Company's Condensed Consolidated Statements of Operations for the periods indicated:
| Three Months Ended |  | Nine Months Ended
| March 27, 2021 |  | March 28, 2020 |  | March 27, 2021 |  | March 28, 2020
| (millions)
Share-based compensation expense(1) | $ | 21.1 |  |  | $ | 13.2 |  |  | $ | 53.1 |  |  | $ | 56.8 |
Income tax benefit related to share-based compensation expense | 4.2 |  |  | 2.9 |  |  | 10.0 |  |  | 11.8 |
(1) During the three and nine months ended March 27, 2021, the Company incurred $3.3 million and $6.4 million of share-based compensation expense related to its Acceleration Program. During the three and nine months ended March 28, 2020, the Company incurred $0.0 million and $9.8 million of share-based compensation expense related to its organization-related and integration activities, respectively.
Summary of Stock Option Activity | A summary of stock option activity during the nine months ended March 27, 2021 is as follows:
| Number of Options Outstanding |  |
| (millions) |  |
Outstanding at June 27, 2020 | 15.0 |  |  |
Granted | 1.5 |  |  |
Exercised | (1.2) |  |  |
Forfeited or expired | (1.3) |  |  |
Outstanding at March 27, 2021 | 14.0 |  |  |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model and the following weighted-average assumptions:
| March 27, 2021 |  | March 28, 2020
Expected term (years) | 5.1 |  | 5.1
Expected volatility | 48.8 | % |  | 37.6 | %
Risk-free interest rate | 0.3 | % |  | 1.5 | %
Dividend yield | — | % |  | 6.4 | %
Service-based Restricted Stock Unit Awards (RSU) |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of RSU Activity | A summary of service-based RSU activity during the nine months ended March 27, 2021 is as follows:
| Number of Non-vested RSUs |  |
| (millions) |  |
Non-vested at June 27, 2020 | 4.9 |  |  |
Granted | 4.7 |  |  |
Vested | (1.6) |  |  |
Forfeited | (0.5) |  |  |
Non-vested at March 27, 2021 | 7.5 |  |  |
Performance-based Restricted Stock Unit Awards (PRSU) |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of RSU Activity | A summary of PRSU activity during the nine months ended March 27, 2021 is as follows:
| Number of Non-vested PRSUs |  |
| (millions) |  |
Non-vested at June 27, 2020 | 0.8 |  |  |
Granted | 0.9 |  |  |
Change due to performance condition achievement | — |  |  |
Vested | (0.2) |  |  |
Forfeited | (0.1) |  |  |
Non-vested at March 27, 2021 | 1.4 |  |  |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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