Income per Common Share (Tables)

9 Months Ended

Apr. 01, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Income Per Common Share

The following table illustrates the computation of basic and diluted income per common share (in millions, except per share data):

	Three Months Ended				Nine Months Ended
	April 1, 2016		April 3, 2015		April 1, 2016		April 3, 2015
Net income	$	74	$	384	$	608	$	1,245
Weighted average shares outstanding:
Basic	233		231		232		233
Employee stock options and other	1		5		2		5
Diluted	234		236		234		238
Income per common share:
Basic	$	0.32	$	1.66	$	2.62	$	5.34
Diluted	$	0.32	$	1.63	$	2.60	$	5.23
Anti-dilutive potential common shares excluded*	6		1		5		1

* For purposes of computing diluted income per common share, certain potentially dilutive securities have been excluded from the calculation because their effect would have been anti-dilutive.