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Earnings Per Share (Tables)

9 Months Ended

Apr. 01, 2023

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

The following is a reconciliation of the weighted-average shares outstanding and calculation of basic and diluted earnings per share:

			Three Months Ended												Nine Months Ended
			April 1, 2023						April 2, 2022						April 1, 2023						April 2, 2022
			(millions, except per share data)
Net income (loss)			$	186.7					$	122.7					$	711.9					$	667.5
Weighted-average basic shares			234.6						259.9						238.4						269.7
Dilutive securities:
Effect of dilutive securities			5.1						5.6						4.8						6.2
Weighted-average diluted shares			239.7						265.5						243.2						275.9
Net income (loss) per share:
Basic			$	0.80					$	0.47					$	2.99					$	2.47
Diluted			$	0.78					$	0.46					$	2.93					$	2.42

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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