XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

Stockholders' Equity | 9 Months Ended
--- | ---
Mar. 27, 2021
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | STOCKHOLDERS' EQUITY A reconciliation of stockholders' equity is presented below:
| Shares of Common Stock |  | Common Stock |  | Additional Paid-in- Capital |  | Retained Earnings / (Accumulated Deficit) |  | Accumulated Other Comprehensive Income (Loss) |  | Total Stockholders' Equity
| (millions, except per share data)
Balance at June 29, 2019 | 286.8 |  |  | $ | 2.9 |  |  | $ | 3,302.1 |  |  | $ | 291.6 |  |  | $ | (83.2) |  |  | $ | 3,513.4 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 20.0 |  |  | — |  |  | 20.0 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | (12.8) |  |  | (12.8) |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 1.0 |  |  | — |  |  | (14.5) |  |  | — |  |  | — |  |  | (14.5) |
Share-based compensation | — |  |  | — |  |  | 26.8 |  |  | — |  |  | — |  |  | 26.8 |
Repurchase of common stock | (11.9) |  |  | (0.1) |  |  | — |  |  | (299.9) |  |  | — |  |  | (300.0) |
Dividends declared ($0.3375 per share) | — |  |  | — |  |  | — |  |  | (97.1) |  | — |  |  | (97.1)
Cumulative adjustment from adoption of new accounting standard | — |  |  | — |  |  | — |  |  | (48.9) |  |  | — |  |  | (48.9) |
Balance at September 28, 2019 | 275.9 |  |  | $ | 2.8 |  |  | $ | 3,314.4 |  |  | $ | (134.3) |  |  | $ | (96.0) |  |  | $ | 3,086.9 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 298.8 |  |  | — |  |  | 298.8 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | 11.0 |  |  | 11.0 |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 0.1 |  |  | — |  |  | 2.1 |  |  | — |  |  | — |  |  | 2.1 |
Share-based compensation | — |  |  | — |  |  | 16.8 |  |  | — |  |  | — |  |  | 16.8 |
Dividends declared ($0.3375 per share) | — |  |  | — |  |  | — |  |  | (93.2) |  |  | — |  |  | (93.2) |
Balance at December 28, 2019 | 276.0 |  |  | $ | 2.8 |  |  | $ | 3,333.3 |  |  | $ | 71.3 |  |  | $ | (85.0) |  |  | $ | 3,322.4 |
Net income (loss) | — |  |  | — |  |  | — |  |  | (677.1) |  |  | — |  |  | (677.1) |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | (11.7) |  |  | (11.7) |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 0.1 |  |  | — |  |  | (0.5) |  |  | — |  |  | — |  |  | (0.5) |
Share-based compensation | — |  |  | — |  |  | 13.2 |  |  | — |  |  | — |  |  | 13.2 |
Dividends declared ($0.3375 per share) | — |  |  | — |  |  | — |  |  | (93.2) |  |  | — |  |  | (93.2) |
Balance at March 28, 2020 | 276.1 |  |  | $ | 2.8 |  |  | $ | 3,346.0 |  |  | $ | (699.0) |  |  | $ | (96.7) |  |  | $ | 2,553.1 |
| Shares of Common Stock |  | Common Stock |  | Additional Paid-in- Capital |  | Retained Earnings / (Accumulated Deficit) |  | Accumulated Other Comprehensive Income (Loss) |  | Total Stockholders' Equity
| (millions, except per share data)
Balance at June 27, 2020 | 276.2 |  |  | $ | 2.8 |  |  | $ | 3,358.5 |  |  | $ | (992.7) |  |  | $ | (92.2) |  |  | $ | 2,276.4 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 231.7 |  |  | — |  |  | 231.7 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | 15.7 |  |  | 15.7 |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 1.2 |  |  | — |  |  | (8.3) |  |  | — |  |  | — |  |  | (8.3) |
Share-based compensation | — |  |  | — |  |  | 14.6 |  |  | — |  |  | — |  |  | 14.6 |
Balance at September 26, 2020 | 277.4 |  |  | $ | 2.8 |  |  | $ | 3,364.8 |  |  | $ | (761.0) |  |  | $ | (76.5) |  |  | $ | 2,530.1 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 311.0 |  |  | — |  |  | 311.0 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | 26.1 |  |  | 26.1 |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 0.4 |  |  | — |  |  | 6.1 |  |  | — |  |  | — |  |  | 6.1 |
Share-based compensation | — |  |  | — |  |  | 17.4 |  |  | — |  |  | — |  |  | 17.4 |
Balance at December 26, 2020 | 277.8 |  |  | $ | 2.8 |  |  | $ | 3,388.3 |  |  | $ | (450.0) |  |  | $ | (50.4) |  |  | $ | 2,890.7 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 91.7 |  |  | — |  |  | 91.7 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | (21.4) |  |  | (21.4) |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 1.0 |  |  | — |  |  | 32.9 |  |  | — |  |  | — |  |  | 32.9 |
Share-based compensation | — |  |  | — |  |  | 21.1 |  |  | — |  |  | — |  |  | 21.1 |
Balance at March 27, 2021 | 278.8 |  |  | $ | 2.8 |  |  | $ | 3,442.3 |  |  | $ | (358.3) |  |  | $ | (71.8) |  |  | $ | 3,015.0 |
The components of accumulated other comprehensive income (loss) ("AOCI"), as of the dates indicated, are as follows:
| Unrealized Gains (Losses) on Cash Flow Hedging Derivatives(1) |  | Unrealized Gains (Losses) on Available- for-Sale Investments |  | Cumulative Translation Adjustment |  | Other |  | Total
| (millions)
Balances at June 29, 2019 | $ | (4.5) |  |  | $ | (0.5) |  |  | $ | (79.9) |  |  | $ | 1.7 |  |  | $ | (83.2) |
Other comprehensive income (loss) before reclassifications | (1.7) |  |  | — |  |  | (18.3) |  |  | — |  |  | (20.0) |
Less: amounts reclassified from accumulated other comprehensive income to earnings | (8.2) |  |  | — |  |  | — |  |  | 1.7 |  |  | (6.5) |
Net current-period other comprehensive income (loss) | 6.5 |  |  | — |  |  | (18.3) |  |  | (1.7) |  |  | (13.5) |
Balances at March 28, 2020 | $ | 2.0 |  |  | $ | (0.5) |  |  | $ | (98.2) |  |  | $ | — |  |  | $ | (96.7) |
Balances at June 27, 2020 | $ | 1.1 |  |  | $ | — |  |  | $ | (93.3) |  |  | $ | — |  |  | $ | (92.2) |
Other comprehensive income (loss) before reclassifications | (6.1) |  |  | — |  |  | 23.5 |  |  | — |  |  | 17.4 |
Less: amounts reclassified from accumulated other comprehensive income to earnings | (3.0) |  |  | — |  |  | — |  |  | — |  |  | (3.0) |
Net current-period other comprehensive income (loss) | (3.1) |  |  | — |  |  | 23.5 |  |  | — |  |  | 20.4 |
Balances at March 27, 2021 | $ | (2.0) |  |  | $ | — |  |  | $ | (69.8) |  |  | $ | — |  |  | $ | (71.8) |
(1) The ending balances of AOCI related to cash flow hedges are net of tax of $0.3 million and ($0.4) million as of March 27, 2021 and March 28, 2020, respectively. The amounts reclassified from AOCI are net of tax of less than $0.1 million and $4.1 million as of March 27, 2021 and March 28, 2020, respectively.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration