XML 114 R91.htm IDEA: XBRL DOCUMENT v3.19.2
SHARE-BASED COMPENSATION - STOCK OPTIONS (Details)
$ / shares in Units, $ in Thousands
12 Months Ended
Jun. 29, 2019
USD ($)
employee
officer
$ / shares
shares
Jun. 30, 2018
USD ($)
employee
$ / shares
shares
Jul. 01, 2017
USD ($)
employee
officer
$ / shares
shares
Fair Value Assumptions and Methodology      
Dividend yield 2.50% 2.60% 2.80%
Expected volatility 16.90% 17.50% 16.90%
Risk-free interest rate 2.80% 2.00% 1.40%
Expected life (in years) 7 years 7 years 7 years 2 months 12 days
Shares Under Option      
Outstanding, beginning balance (in shares) 18,391,610    
Granted (in shares) 2,609,755 4,042,415 4,990,396
Exercised (in shares) 5,796,853    
Forfeited (in shares) 215,235    
Expired (in shares) 0    
Outstanding, ending balance (in shares) 14,989,277 18,391,610  
Vested or expected to vest (in shares) 9,018,881    
Exercisable (in shares) 5,866,374    
Weighted Average Exercise Price Per Share      
Outstanding, beginning balance (in dollars per share) | $ / shares $ 43.92    
Granted (in dollars per share) | $ / shares 74.88    
Exercised (in dollars per share) | $ / shares 40.88    
Forfeited (in dollars per share) | $ / shares 54.29    
Expired (in dollars per share) | $ / shares 0    
Outstanding, ending balance (in dollars per share) | $ / shares 50.36 $ 43.92  
Vested or expected to vest (in dollars per share) | $ / shares 55.01    
Exercisable (in dollars per share) | $ / shares $ 42.96    
Additional Disclosures      
Outstanding, ending balance, weighted average remaining contractual term (in years) 7 years 18 days    
Vested or expected to vest, weighted average remaining contractual term (in years) 7 years 8 months 15 days    
Exercisable, weighted average remaining contractual term (in years) 6 years 3 days    
Outstanding, ending balance, aggregate intrinsic value | $ $ 316,212    
Vested or expected to vest, aggregate intrinsic value | $ 152,389    
Exercisable, aggregate intrinsic value | $ $ 162,835    
Weighted average fair value of options granted in period (in USD per share) | $ / shares $ 11.70 $ 7.08 $ 6.05
Total intrinsic value of options exercised in period | $ $ 14,000 $ 17,700 $ 22,100
Key Employees      
Shares Under Option      
Granted (in shares) 1,952,414 3,087,071 3,460,399
Additional Disclosures      
Number of employees/officers receiving options in period | employee 179 181 187
Executive Officer      
Shares Under Option      
Granted (in shares) 657,341 955,344 1,529,997
Additional Disclosures      
Number of employees/officers receiving options in period 9 10 9