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Share-based Compensation (Tables)
 12 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted-average assumptions used to determine the fair value
2017, 2016 and 2015 were estimated using the following assumptions:
 
Fiscal Years
 
2017
 
2016
 
2015
Options
 

 
 

 
 

Expected term (in years)
4.2

 
2.1 - 4.2

 
4.2

Volatility
38 - 42%

 
33 - 48%

 
33 - 35%

Weighted-average volatility
39
%
 
36
%
 
34
%
Expected dividend rate
4.9 - 6.4%

 
4.6 - 11.0%

 
2.9 - 4.0%

Weighted-average expected dividend rate
6.3
%
 
5.6
%
 
3.0
%
Risk-free interest rate
1.1 - 1.8%

 
0.6 - 1.5%

 
1.1 - 1.5%

Weighted-average fair value
$
6.83

 
$
12.28

 
$
12.98

RSU
 
 
 
 
 
Expected term (in years)
4.2

 
4.2

 
4.2

Expected dividend rate
4.6 - 7.7%

 
4.6 - 11.0%

 
2.9% - 4.0%

Weighted-average expected dividend rate
6.4
%
 
5.16
%
 
3.11
%
Weighted-average fair value
$
30.85

 
$
41.47

 
$
46.1

ESPP
 

 
 

 
 

Expected term (in years)
0.5

 
0.5

 
0.5

Volatility
36 - 49%

 
28 - 46%

 
28 - 29%

Weighted-average volatility
43
%
 
39
%
 
28
%
Expected dividend rate
5.6 - 7.8%

 
4.6 - 8.3%

 
3.0 - 3.8%

Weighted-average expected dividend rate
6.8
%
 
6.9
%
 
3.4
%
Risk-free interest rate
0.4 - 0.6%

 
0.2 - 0.5%

 
0.1
%
Weighted-average fair value
$
9.78

 
$
9.08

 
$
12.21

PSUs subject to market condition
 

 
 

 
 

Expected term (in years)
3.0

 
3.0

 
3.0

Volatility
41 - 42%

 
30
%
 
40
%
Weighted-average volatility
41
%
 
30
%
 
40
%
Expected dividend rate
6.3-7.0%

 
4.3
%
 
2.8
%
Weighted-average expected dividend rate
7.0
%
 
4.3
%
 
2.8
%
Risk-free interest rate
0.9 - 1.3%

 
1.1
%
 
1.1
%
Weighted-average fair value
$
32.41

 
$
47.34

 
$
58.31

PSUs subject to an AEPS condition
 
 
 
 
 
Expected term (in years)
4.2

 
4.2

 
4.2

Expected dividend rate
5.9 - 6.4%

 
4.6 - 7.3%

 
3.0 - 4.0%

Weighted-average expected dividend rate
6.2
%
 
5.9
%
 
3.3
%
Weighted-average fair value
$
31.61

 
$
42.09

 
$
46.52
Stock option activity
The Company issues new ordinary shares upon exercise of stock options. The following is a summary of option activities:
Options
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
 
 
(In millions)
 
 
 
(In years)
 
(Dollars in millions)
Outstanding at July 1, 2016
 
5.4

 
$
34.91

 
4.6
 
$14
Granted
 
2.3

 
$
36.78

 
 
 
 
Exercised
 
(1.6
)
 
$
19.87

 
 
 
 
Forfeitures
 
(0.3
)
 
$
41.07

 
 
 
 
Expirations
 
(0.1
)
 
$
47.66

 
 
 
 
Outstanding at June 30, 2017
 
5.7

 
$
39.24

 
5.0
 
$22
Vested and expected to vest at June 30, 2017
 
5.5

 
$
39.28

 
5.0
 
$21
Exercisable at June 30, 2017
 
2.1

 
$
39.82

 
3.6
 
$12
Nonvested share activity
The following is a summary of nonvested award activities which do not contain a performance condition:
Nonvested Awards
 
Number of
Shares
 
Weighted-
Average
Grant-
Date
Fair Value

 
(In millions)
 
 
Nonvested at July 1, 2016
 
4.8

 
$
39.95

Granted
 
3.1

 
$
30.85

Forfeitures
 
(0.7
)
 
$
39.72

Vested
 
(2.0
)
 
$
37.02

Nonvested at June 30, 2017
 
5.2

 
$
35.75
Performance award activity
The following is a summary of nonvested award activities which contain a performance condition:
Performance Awards
 
Number of
Shares
 
Weighted-
Average
Grant-
Date
Fair Value

 
(In millions)
 
 
Performance units at July 1, 2016
 
1.4

 
$
47.41

Granted
 
0.8

 
$
32.16

Forfeitures
 
(0.3
)
 
$
41.06

Vested
 
(0.4
)
 
$
41.91

Performance units at June 30, 2017
 
1.5

 
$
41.88