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Earnings Per Share (Tables)
 12 Months Ended
Jul. 01, 2017
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted net (loss) income per share
The following table sets forth the computation of basic and diluted net income (loss) per share (in millions, except per share data):
 
Years Ended
 
July 1, 2017
 
July 2, 2016
 
June 27, 2015
Numerator:
 

 
 

 
 

Income (loss) from continuing operations, net of taxes
$
165.3

 
$
(50.4
)
 
$
(131.4
)
Income (loss) from discontinued operations, net of taxes
1.6

 
(48.8
)
 
43.3

Net income (loss)
$
166.9

 
$
(99.2
)
 
$
(88.1
)
Denominator:
 
 
 
 
 
Weighted-average number of common shares outstanding
 
 
 
 
 
Basic
229.9

 
234.0

 
232.7

Effect of dilutive securities from stock-based benefit plans
4.6

 
—

 
—

Diluted
234.5

 
234.0

 
232.7

 
 
 
 
 
 
Net income (loss) per share from - basic:
 
 
 
 
 
Continuing operations
$
0.72

 
$
(0.22
)
 
$
(0.57
)
Discontinued operations
0.01

 
(0.20
)
 
0.19

Net income (loss)
$
0.73

 
$
(0.42
)
 
$
(0.38
)
 
 
 
 
 
 
Net income (loss) per share from - diluted:
 
 
 
 
 
Continuing operations
$
0.70

 
$
(0.22
)
 
$
(0.57
)
Discontinued operations
0.01

 
(0.20
)
 
0.19

Net income (loss)
$
0.71

 
$
(0.42
)
 
$
(0.38
)
Schedule of weighted average potentially dilutive securities excluded from the computation because their effect would have been anti-dilutive
The following table sets forth the weighted-average potentially dilutive securities excluded from the computation of the diluted net income (loss) per share because their effect would have been anti-dilutive (in millions):
 
Years Ended
 
July 1, 2017 (2)(3)
 
July 2, 2016 (1)(2)
 
June 27, 2015 (1)(2)
Stock options and ESPP
0.9

 
3.4

 
3.6

Full Value Awards
0.6

 
10.9

 
10.3

Total potentially dilutive securities
1.5

 
14.3

 
13.9

(1)
As the Company incurred a net loss from continuing operations in the period, potential dilutive securities from employee stock options, employee stock purchase plan (“ESPP”) and restricted stock units (“RSUs”) have been excluded from the diluted net loss per share computations as their effects were deemed anti-dilutive.
(2)
The Company’s 0.625% Senior Convertible Notes due 2033 are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $11.28 per share is payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. Refer to “Note 10. Debt” for more details.
(3)
The Company’s 1.00% Senior Convertible Notes due 2024 are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $13.22 per share is payable in cash, shares of the Company’s common stock or a combination of both at the Company’s election. Refer to “Note 10. Debt” for more details.