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Shareholders' Equity (Tables)
 12 Months Ended
Jul. 03, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity
The following table summarizes stock option activity under the 2004 Performance Incentive Plan over the last three fiscal years (in millions, except per share amounts and remaining contractual lives):
 
 
Number
of Shares
 
Weighted Average
Exercise Price
Per Share
 
Weighted Average
Remaining
Contractual Life
(in years)
 
Aggregate
Intrinsic
Value
Options outstanding at June 29, 2012
15.8

 
$
21.89

 
 
 
 
Granted
3.4

 
43.51

 
 
 
 
Exercised
(6.8
)
 
18.53

 
 
 
 
Forfeited or expired
(0.5
)
 
32.72

 
 
 
 
Options outstanding at June 28, 2013
11.9

 
$
29.47

 
 
 
 
Granted
1.6

 
68.96

 
 
 
 
Assumed
1.7

 
38.18

 
 
 
 
Exercised
(4.5
)
 
25.22

 
 
 
 
Forfeited or expired
(0.6
)
 
67.23

 
 
 
 
Options outstanding at June 27, 2014
10.1

 
$
37.03

 
 
 
 
Granted
1.2

 
94.10

 
 
 
 
Assumed
0.1

 
3.49

 
 
 
 
Exercised
(4.1
)
 
31.90

 
 
 
 
Forfeited or expired
(0.5
)
 
56.41

 
 
 
 
Options outstanding at July 3, 2015
6.8

 
$
50.00

 
4.3
 
$
242

Exercisable at July 3, 2015
3.4

 
$
34.81

 
3.2
 
$
161

Vested and expected to vest after July 3, 2015
6.7

 
$
49.45

 
4.3
 
$
241
Options Outstanding and Exercisable Under the Stock Plans
The following table summarizes information about options outstanding and exercisable under the 2004 Performance Incentive Plan as of July 3, 2015 (in millions, except exercise price):
 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise Prices
Number
of Shares
 
Weighted Average
Remaining
Contractual Life
(in years)
 
Weighted Average
Exercise Price
 
Number
of Shares
 
Weighted Average
Exercise Price
$2.99 – $16.85
1.1

 
4.7
 
$
11.03

 
0.7

 
$
10.57

$17.52 – $29.60
1.3

 
2.5
 
27.51

 
1.2

 
27.35

$30.06 – $41.75
0.5

 
2.6
 
36.56

 
0.4

 
35.57

$43.11 – $43.11
1.4

 
4.0
 
43.11

 
0.7

 
43.11

$48.01 – $68.49
1.1

 
5.0
 
66.27

 
0.3

 
65.87

$69.29 – $388.77
1.4

 
6.0
 
102.96

 
0.1

 
148.95

 
6.8

 
4.3
 
$
50.00

 
3.4

 
34.81
Restricted Stock Unit
The following table summarizes RSU activity (in millions, except weighted average grant date fair value):
 
 
Number
of Shares
 
Weighted Average
Grant Date
Fair Value
RSUs outstanding at June 29, 2012
3.7

 
$
33.19

Granted
1.7

 
43.14

Vested
(1.4
)
 
37.89

Forfeited or expired
(0.4
)
 
35.46

RSUs outstanding at June 28, 2013
3.6

 
$
35.82

Granted
1.4

 
69.08

Assumed
0.2

 
62.73

Vested
(1.3
)
 
33.61

Forfeited or expired
(0.2
)
 
47.62

RSUs outstanding at June 27, 2014
3.7

 
$
49.77

Granted
1.3

 
100.13

Vested
(1.7
)
 
42.24

Forfeited or expired
(0.3
)
 
67.31

RSUs outstanding at July 3, 2015
3.0

 
$
73.80

Expected to vest after July 3, 2015
2.9

 
$
73.28
Fair Value of Stock Options Granted
The fair value of stock options granted during the three years ended July 3, 2015 was estimated using the following weighted average assumptions:
 
 
2015
 
2014
 
2013
Suboptimal exercise factor
2.52
 
2.07
 
1.90
Range of risk-free interest rates
0.11% to 2.16%
 
0.10% to 2.44%
 
0.14% to 1.96%
Range of expected stock price volatility
0.23 to 0.47
 
0.27 to 0.50
 
0.36 to 0.53
Weighted average expected volatility
0.36
 
0.43
 
0.49
Post-vesting termination rate
1.25%
 
3.10%
 
2.16%
Dividend yield
1.69%
 
1.58%
 
2.53%
Fair value
$32.19
 
$24.14
 
$15.75
Fair Values of All Employee Stock Purchase Plan Rights Granted
The fair values of all ESPP purchase rights granted on or prior to July 3, 2015 have been estimated at the date of grant using a Black-Scholes-Merton option-pricing model with the following weighted average assumptions:
 
 
ESPP
 
2015
 
2014
 
2013
Option life (in years)
1.26
 
1.24
 
1.24
Risk-free interest rate
0.45%
 
0.26%
 
0.23%
Stock price volatility
0.26
 
0.31
 
0.42
Dividend yield
2.34%
 
1.64%
 
1.61%
Fair value
$14.50
 
$14.62
 
$10.36
Summarizes Table of All Shares of Common Stock Reserved for Issuance
The following table summarizes all shares of common stock reserved for issuance at July 3, 2015 (in millions):

 
Number
of Shares
Maximum shares issuable in connection with:
 
Outstanding awards and shares available for award grants
16.6

ESPP
4.8

Total
21.4