Shareholders' Equity (Tables)

9 Months Ended

Apr. 03, 2020

Share-based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following tables present the Company’s stock-based compensation for equity-settled awards by type and financial statement line as well as the related tax benefit included in the Company’s Condensed Consolidated Statements of Operations:

	Three Months Ended				Nine Months Ended
	April 3, 2020		March 29, 2019		April 3, 2020		March 29, 2019
	(in millions)
Options	$	1	$	3	$	5	$	12
Restricted and performance stock units	68		71		204		208
Employee stock purchase plan	9		10		23		22
Total	$	78	$	84	$	232	$	242

	Three Months Ended				Nine Months Ended
	April 3, 2020		March 29, 2019		April 3, 2020		March 29, 2019
	(in millions)
Cost of revenue	$	13	$	13	$	38	$	37
Research and development	41		41		123		122
Selling, general and administrative	24		30		71		83
Subtotal	78		84		232		242
Tax benefit	(9)		(14)		(32)		(39)
Total	$	69	$	70	$	200	$	203

Employee Service Share-based Compensation , Unrecognized Costs

The following table presents the unamortized compensation cost and weighted average service period of all unvested outstanding awards as of April 3, 2020:

	Unamortized Compensation Costs		Weighted Average Service Period
	(in millions)		(years)
Options	$	2	0.3
RSUs and PSUs (1)	610		2.6
ESPP	41		1.2
Total unamortized compensation cost	$	653

⁽¹⁾ Weighted average service period assumes the performance metrics are met for the PSUs.

Stock Option Activity

The following table summarizes stock option activity under the Company’s incentive plans:

	Number of Shares	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
	(in millions)			(in years)	(in millions)
Options outstanding at June 28, 2019	3.9	$	65.72
Exercised	(0.8)	43.39			$	11
Canceled or expired	(0.3)	92.67
Options outstanding at April 3, 2020	2.8	68.97		2.3	$	—
Exercisable at April 3, 2020	2.6	70.89		2.2	$	—

Restricted Stock Unit

The following table summarizes RSU and PSU activity under the Company’s incentive plans:

	Number of Shares	Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value at Vest Date
	(in millions)			(in millions)
RSUs and PSUs outstanding at June 28, 2019	11.6	$	62.07
Granted	7.0	56.08
Vested	(4.2)	58.21		$	243
Forfeited	(1.1)	63.28
RSUs and PSUs outstanding at April 3, 2020	13.3	61.56