XML 33 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2
Net Income Per Common Share
 3 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
The following table presents the computation of basic and diluted income per common share:
Three Months Ended
 September 30,
2022		October 1,
2021
(in millions, except per share data)
Net income$27 $610 
Weighted average shares outstanding:
Basic316 310 
Employee stock options, RSUs, PSUs, and ESPP3 6 
Diluted319 316 
Income per common share
Basic$0.09 $1.97 
Diluted$0.08 $1.93 
Anti-dilutive potential common shares excluded8 1 

The Company computes basic income per common share using Net income and the weighted average number of common shares outstanding during the period. Diluted income per common share is computed using Net income and the weighted average number of common shares and potentially dilutive common shares outstanding during the period. Potentially dilutive common shares include dilutive outstanding employee stock options, RSUs and PSUs, and rights to purchase shares of common stock under the Company’s ESPP. For the three months ended September 30, 2022 and October 1, 2021, the Company excluded common shares subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive based on the Company’s average stock price during the period.