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Stockholders' Equity (Tables) | 9 Months Ended
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Mar. 27, 2021
Stockholders' Equity Note [Abstract] |
Reconciliation of 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 |
Components of Accumulated Other Comprehensive Income (Loss) | 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.

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