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SHARE-BASED COMPENSATION
 6 Months Ended
Dec. 30, 2023
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
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 EndedSix Months Ended
December 30,
2023		December 31,
2022		December 30,
2023		December 31,
2022
(millions)
Share-based compensation expense$22.5 $19.7 $42.2 $34.8 
Income tax benefit related to share-based compensation expense
4.2 3.7 7.9 6.7 
Stock Options
A summary of stock option activity during the six months ended December 30, 2023 is as follows:
 Number of
Options
Outstanding
(millions)
Outstanding at July 1, 20238.7 
Granted1.3 
Exercised(0.1)
Forfeited or expired(0.8)
Outstanding at December 30, 20239.1 
The weighted-average grant-date fair value of options granted during the six months ended December 30, 2023 and December 31, 2022 was $10.30 and $12.03, respectively. 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:
December 30,
2023		December 31,
2022
Expected term (years)5.04.9
Expected volatility44.8 %48.6 %
Risk-free interest rate4.5 %3.3 %
Dividend yield4.2 %3.4 %
Service-based Restricted Stock Unit Awards ("RSUs")
A summary of service-based RSU activity during the six months ended December 30, 2023 is as follows:
 Number of
Non-vested RSUs
(millions)
Non-vested at July 1, 20235.9 
Granted2.3 
Vested(2.7)
Forfeited(0.2)
Non-vested at December 30, 20235.3 
The weighted-average grant-date fair value of share awards granted during the six months ended December 30, 2023 and December 31, 2022 was $33.66 and $35.21, respectively.
Performance-based Restricted Stock Unit Awards ("PRSUs")
A summary of PRSU activity during the six months ended December 30, 2023 is as follows:
 Number of
Non-vested PRSUs
(millions)
Non-vested at July 1, 20230.7 
Granted0.4 
Change due to performance condition achievement0.1 
Vested— 
Forfeited— 
Non-vested at December 30, 20231.2 
The PRSU awards included in the non-vested amount are based on certain Company-specific financial metrics. The effect of the change due to performance condition on the non-vested amount is recognized at the conclusion of the performance period, which may differ from the date on which the award vests.
The weighted-average grant-date fair value per share of PRSU awards granted during the six months ended December 30, 2023 and December 31, 2022 was $33.59 and $35.31, respectively.