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Stockholders' Equity (Tables) | 12 Months Ended
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Jul. 01, 2023
Stockholders' Equity Note [Abstract] |
Share Repurchase Activity | The following table summarizes share repurchase activity related to the Company’s stock repurchase program (in millions, except average price per share amounts):
|  | Years Ended
|  | July 1, 2023 |  | July 2, 2022 |  | July 3, 2021
Total number of shares repurchased |  | 7.3 |  |  | 14.8 |  |  | 3.0 |
Average price per share |  | $ | 11.49 |  |  | $ | 15.91 |  |  | $ | 14.21 |
Total purchase price |  | $ | 83.9 |  |  | $ | 235.5 |  |  | $ | 42.6 |
Remaining authorization at end of period |  | $ | 234.8 |  |  | $ | 67.3 |  |  | $ | 112.9 |

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 25 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481138/505-30-25-5 + Details
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