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Stock-Based Compensation - Valuation Assumptions (Details) | 12 Months Ended
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Jun. 29, 2024 | Jul. 01, 2023 | Jul. 02, 2022
MSUs | Monte Carlo simulation |  |  |
Valuation Assumptions |  |  |
Expected volatility | 34.80% | 31.20% | 33.80%
Average volatility of peer companies | 65.80% | 62.10% | 58.70%
Average correlation coefficient of peer companies | 0.2305 | 0.3111 | 0.3442
Risk-free interest rate | 4.90% | 3.40% | 0.20%
Employee Stock Purchase Plan | BSM |  |  |
Valuation Assumptions |  |  |
Expected term (in years) | 6 months | 6 months | 6 months
Expected volatility | 29.80% | 37.20% | 24.30%
Risk-free interest rate | 5.30% | 3.80% | 0.30%

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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iv) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition The assumption of average correlation coefficient of peer companies that is used in valuing an option or stock unit on its own shares. + References No definition available. + Details
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- Definition The assumption of average volatility of peer companies that is used in valuing an option or stock unit on its own shares. + References No definition available. + Details
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