EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2023

Earnings Per Share, Basic [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

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

	13-Week Period Ended
	Sep. 30, 2023		Oct. 1, 2022
	(In thousands, except for share and per share data)
Numerator:
Net earnings	$	503,392	$	465,568
Denominator:
Weighted-average basic shares outstanding	505,126,492		507,578,576
Dilutive effect of share-based awards	1,942,943		2,804,573
Weighted-average diluted shares outstanding	507,069,435		510,383,149
Basic earnings per share	$	1.00	$	0.92
Diluted earnings per share	$	0.99	$	0.91

The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 5,988,000 and 1,393,000 for the first quarter of fiscal 2024 and fiscal 2023, respectively.