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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2017
Jul. 01, 2016
Jul. 03, 2015
Revenue [1] $ 10,771 $ 11,160 $ 13,739
Cost of revenue 7,597 8,545 9,930
Product development 1,232 1,237 1,353
Marketing and administrative 606 635 857
Amortization of intangibles 104 123 129
Restructuring and other, net 178 175 32
Gain on arbitration award, net 0 0 (620)
Total operating expenses 9,717 10,715 11,681
Income from operations 1,054 445 2,058
Interest income 12 3 6
Interest expense (222) (193) (207)
Other, net (29) 19 113
Other expense, net (239) (171) (88)
Income before income taxes 815 274 1,970
Provision for income taxes 43 26 228
Net income $ 772 $ 248 $ 1,742
Net income per share:      
Basic (in dollars per share) $ 2.61 $ 0.83 $ 5.38
Diluted (in dollars per share) $ 2.58 $ 0.82 $ 5.26
Number of shares used in per share calculations:      
Basic (in shares) 296 299 324
Diluted (in shares) 299 302 331
Cash dividends declared per ordinary share $ 2.52 $ 2.43 $ 2.05
[1] (a)Revenue is attributed to countries based on the shipping location.