Annual report pursuant to Section 13 and 15(d)

Equity, Long-Term Incentive Compensation Plans and Non-controlling Interest - Restricted Stock Unit Activities (Details)

v3.19.2
Equity, Long-Term Incentive Compensation Plans and Non-controlling Interest - Restricted Stock Unit Activities (Details)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Jun. 30, 2019
USD ($)
Installment
$ / shares
shares
Jun. 30, 2018
$ / shares
shares
Jun. 30, 2017
$ / shares
shares
Jun. 30, 2016
shares
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Maximum number of shares available for grant (in shares) 11,613 3,680 4,710 6,778
Intrinsic value, RSUs | $ $ 343.0      
Restricted stock units        
Restricted Stock Units Activity Rollforward        
Granted (in shares) [2] 2,463 [1] 1,132 2,169  
Granted adjustments (in shares) (5) [2] (33) [3]    
Forfeited (in shares) (51) (69) (101)  
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Restricted stock units granted, weighted-average grant date fair value (in dollars per share) | $ / shares $ 99.53 $ 95.95 $ 78.83  
Unrecognized stock-based compensation balance | $ $ 179.7      
Estimated weighted-average amortization period 1 year 7 months 1 day      
Restricted stock unit, Service-based | Minimum        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service-based vesting period 2 years      
Restricted stock unit, Service-based | Maximum        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service-based vesting period 4 years      
Restricted stock unit, Performance-based and Service-based        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, number of equal vesting installments | Installment 2      
Restricted Stock Unit, Market-based And Service-based        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, number of equal vesting installments | Installment 3      
Third anniversary | Restricted stock unit, Performance-based and Service-based | Maximum        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, percentage of equal vesting installments (as a percent) 50.00%      
Third anniversary | Restricted Stock Unit, Market-based And Service-based        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, percentage of equal vesting installments (as a percent) 33.33%      
Fourth anniversary | Restricted stock unit, Performance-based and Service-based | Maximum        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, percentage of equal vesting installments (as a percent) 50.00%      
Fourth anniversary | Restricted Stock Unit, Market-based And Service-based        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, percentage of equal vesting installments (as a percent) 33.33%      
Fifth anniversary | Restricted Stock Unit, Market-based And Service-based        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Service and performance-based, percentage of equal vesting installments (as a percent) 33.33%      
2004 Plan | Restricted stock units        
Restricted Stock Units Activity Rollforward        
Outstanding restricted stock units as of June 30, 2018 (in shares) [4],[5] 2,014      
Granted (in shares) [4],[5] 1,232      
Granted adjustments (in shares) [5],[6] (2)      
Assumed upon Orbotech Acquisition (in shares) [5],[7] 519      
Vested and released (in shares) [5] (500)      
Withheld for taxes (in shares) [5] (323)      
Forfeited (in shares) [5] (38)      
Outstanding restricted stock units as of June 30, 2019 (in shares) [5] 2,902 2,014 [4]    
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Outstanding restricted stock units as of June 30, 2018, weighted-average grant date fair value (in dollars per share) | $ / shares [4] $ 76.50      
Restricted stock units granted, weighted-average grant date fair value (in dollars per share) | $ / shares [4] 99.53      
Restricted stock units granted adjustments, weighted-average grant date fair value (in dollars per share) | $ / shares [6] 50.88      
Restricted stock units assumed upon Orbotech Acquisition, weighted-average grant date fair value (in dollars per share) | $ / shares [7] 104.49      
Restricted stock units vested and released, weighted-average grant date fair value (in dollars per share) | $ / shares 73.88      
Restricted stock units withheld for taxes, weighted-average grant date fair value (in dollars per share) | $ / shares 73.88      
Restricted stock units forfeited, weighted-average grant date fair value (in dollars per share) | $ / shares 92.08      
Outstanding restricted stock units as of June 30, 2019, weighted-average grant date fair value (in dollars per share) | $ / shares $ 91.84 $ 76.50 [4]    
2004 Plan | Restricted stock unit, Performance-based and Service-based        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Maximum number of shares available for grant (in shares) 700 200 42  
2004 Plan | Awards Granted before November 6, 2013        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Impact on share reserve multiplier 1.8      
2004 Plan | Awards Granted after November 6, 2013        
Restricted Stock Units Activity, Weighted Average Grant Date Fair Value Rollforward        
Impact on share reserve multiplier 2.0      
[1] Includes RSUs granted to executive management during the fiscal year ended June 30, 2019 with both a market condition and a service condition (“market-based RSUs”). Under the award agreements, the vesting of the market-based RSUs is contingent on achieving total stockholder return (including stock price appreciation and cash dividends) objectives on a per share basis of equal to or greater than 150%, 175% and 200% multiplied by the measurement price of $116.39 during the five-year period ending March 20, 2024. The awards are split into three tranches and, to the extent that total stockholder return targets have been met, one-third of the maximum number of shares available under these awards will vest on each of the third, fourth, and fifth anniversaries of the grant date. This line item includes all such market-based RSUs granted during the third quarter of the fiscal year ended June 30, 2019 reported at the maximum possible number of shares that may ultimately be issuable if all applicable market-based criteria are met at their maximum levels and all applicable service-based criteria are fully satisfied (0.8 million shares for the year ended June 30, 2019 reflects the application of the multiplier described above).
[2] Includes RSUs granted to senior management with performance-based vesting criteria (in addition to service-based vesting criteria for any of such RSUs that are deemed to have been earned) (“performance-based RSUs”). As of June 30, 2019, it had not yet been determined the extent to which (if at all) the performance-based vesting criteria had been satisfied. Therefore, this line item includes all such performance-based RSUs granted during the fiscal year, reported at the maximum possible number of shares that may ultimately be issuable if all applicable performance-based criteria are achieved at their maximum levels and all applicable service-based criteria are fully satisfied (0.7 million shares, 0.3 million shares and 84 thousand shares for the fiscal years ended June 30, 2019, 2018 and 2017, respectively, reflects the application of the 1.8x or 2.0x multiplier described above).
[3] Represents the portion of RSUs granted with performance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during the year ended June 30, 2019 and 2018.
[4] Includes performance-based and market-based RSUs. As of June 30, 2019, it had not yet been determined the extent to which (if at all) the performance-based or market-based vesting criteria had been satisfied. Therefore, this line item includes all such RSUs, reported at the maximum possible number of shares (i.e., 0.7 million shares for the fiscal year ended June 30, 2019, 0.2 million shares for fiscal year ended June 30, 2018 and 42 thousand shares for the fiscal year ended June 30, 2017) that may ultimately be issuable if all applicable performance-based and market-based criteria are achieved at their maximum and all applicable service-based criteria are fully satisfied.
[5] Share numbers reflect actual shares subject to awarded RSUs. Under the terms of the 2004 Plan, the number of shares subject to each award reflected in this number is multiplied by either 1.8x or 2.0x (depending on the grant date of the award) to calculate the impact of the award on the share reserve under the 2004 Plan.
[6] Represents the portion of RSUs granted with performance-based vesting criteria and reported at the actual number of shares issued upon achievement of the performance vesting criteria during the fiscal year ended June 30, 2019.
[7] Represents Assumed RSUs under the Assumed Equity Plans. Since the Assumed RSUs do not have “dividend equivalent” rights, the fair value was calculated using the closing price of our common stock on the Acquisition Date, adjusted to exclude the present value of dividends.