EARNINGS PER SHARE (Tables)

12 Months Ended

Jul. 01, 2017

Earnings Per Share, Basic [Abstract]

Computation of basic and diluted earnings per share table

The following table sets forth the computation of basic and diluted earnings per share:

	2017		2016		2015
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	1,142,503	$	949,622	$	686,773
Denominator:
Weighted-average basic shares outstanding	543,496,816		573,057,406		592,072,308
Dilutive effect of share-based awards	5,048,211		4,334,000		4,776,726
Weighted-average diluted shares outstanding	548,545,027		577,391,406		596,849,034
Basic earnings per share	$	2.10	$	1.66	$	1.16
Diluted earnings per share	$	2.08	$	1.64	$	1.15