v3.26.1
EARNINGS PER SHARE
 12 Months Ended
Jun. 27, 2026
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:
202620252024
(In millions, except for share and per share data)
Numerator:
Net earnings$1,757 $1,828 $1,955 
Denominator:
Weighted-average basic shares outstanding479,117,877 488,144,333 501,238,422 
Dilutive effect of share-based awards1,494,326 1,681,315 1,857,664 
Weighted-average diluted shares outstanding480,612,203 489,825,648 503,096,086 
Basic earnings per share$3.67 $3.74 $3.90 
Diluted earnings per share$3.66 $3.73 $3.89 

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 2,521,430, 4,176,838 and 4,611,724 for fiscal 2026, 2025 and 2024, respectively.

Dividends declared were $1.0 billion in each of fiscal 2026, fiscal 2025 and fiscal 2024. Included in dividends declared for each year were dividends declared but not yet paid at year-end of approximately $263 million, $258 million and $251 million in fiscal 2026, 2025 and 2024, respectively.