Quarterly Results of Operations

12 Months Ended

Jun. 29, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations

Quarterly Results of Operations (unaudited)

	First		Second			Third		Fourth
	(in millions, except per share amounts)
2018
Revenue, net	$	5,181	$	5,336		$	5,013	$	5,117
Gross profit	1,913		2,013			1,927		1,852
Operating income	905		955			914		843
Net income (loss)	681		(823		)	61		756
Basic income (loss) per common share	$	2.31	$	(2.78	)	$	0.20	$	2.53
Diluted income (loss) per common share	$	2.23	$	(2.78	)	$	0.20	$	2.46

	First			Second		Third		Fourth
	(in millions, except per share amounts)
2017
Revenue, net	$	4,714		$	4,888	$	4,649	$	4,842
Gross profit	1,335			1,533		1,523		1,681
Operating income (loss)	232			545		525		652
Net income (loss)	(366		)	235		248		280
Basic income (loss) per common share	$	(1.28	)	$	0.82	$	0.86	$	0.96
Diluted income (loss) per common share	$	(1.28	)	$	0.80	$	0.83	$	0.93