Stock-Based Compensation (Tables)

6 Months Ended

Dec. 28, 2012

Stock Option Activity

The following table summarizes activity under the Company’s stock option plans (in millions, except per share amounts and remaining contractual lives):

	Number of Shares			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Options outstanding at June 29, 2012		15.8		$	21.89
Granted		3.0			43.10
Exercised		(2.2	)		16.18
Canceled or expired		(0.1	)		23.00
Options outstanding at September 28, 2012		16.5		$	26.52
Granted		0.1			37.04
Exercised		(1.2	)		18.56
Canceled or expired		(0.1	)		33.88
Options outstanding at December 28, 2012		15.3		$	27.14		4.6	$	224
Exercisable at December 28, 2012		6.0		$	23.22		3.2	$	110
Vested and expected to vest after December 28, 2012		15.1		$	27.00		4.6	$	223

Fair Value of Stock Options Granted

The fair value of stock options granted was estimated using the following weighted average assumptions:

	Three Months Ended		Six Months Ended
	Dec. 28, 2012	Dec. 30, 2011	Dec. 28, 2012	Dec. 30, 2011
Suboptimal exercise factor	1.92	1.80	1.90	1.81
Range of risk-free interest rates	0.16% to 1.18%	0.12% to 1.35%	0.16% to 1.18%	0.12% to 1.43%
Range of expected stock price volatility	0.42 to 0.52	0.45 to 0.55	0.42 to 0.53	0.41 to 0.55
Weighted average expected volatility	0.47	0.49	0.49	0.48
Post-vesting termination rate	2.41%	2.48%	2.09%	2.62%
Dividend yield	2.41%	—	2.58%	—
Fair value	$13.08	$10.79	$15.56	$11.90

Restricted Stock Unit

The following table summarizes RSU activity (in millions, except weighted average grant date fair value):

	Number of Shares			Weighted Average Grant-Date Fair Value
RSUs outstanding at June 29, 2012		3.7		$	33.19
Granted		1.5			43.06
Vested		(0.5	)		35.32
RSUs outstanding at September 28, 2012		4.7		$	36.12
Granted		0.1			35.56
Vested		(0.1	)		30.18
RSUs outstanding at December 28, 2012		4.7		$	35.24
Expected to vest after December 28, 2012		4.5		$	35.24