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Earnings per Share (Tables)
6 Months Ended
Dec. 30, 2016
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents the computation of basic and diluted income (loss) per common share:
 
Three Months Ended
 
Six Months Ended
 
December 30,
2016
 
January 1,
2016
 
December 30,
2016
 
January 1,
2016
 
(in millions, except per share data)
Net income (loss)
$
235

 
$
251

 
$
(131
)
 
$
534

Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic
286

 
232

 
285

 
231

Employee stock options, RSUs, PSUs, ESPP
8

 
2

 

 
3

Diluted
294

 
234

 
285

 
234

Income (loss) per common share
 
 
 
 
 
 
 
Basic
$
0.82

 
$
1.08

 
$
(0.46
)
 
$
2.31

Diluted
$
0.80

 
$
1.07

 
$
(0.46
)
 
$
2.28

Anti-dilutive potential common shares excluded(1)
5

 
6

 
13

 
4


 
 

(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.