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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The following tables provide information related to the Company's derivative instruments recorded on the Company's Condensed Consolidated Balance Sheets as of December 31, 2022 and July 2, 2022
|  | Notional Value |  | Derivative Assets |  | Derivative Liabilities
Designated Derivative Hedging Instruments |  |  |  |  |  |  |  | Fair Value |  |  |  | Fair Value
| December 31, 2022 |  | July 2, 2022 |  | Balance Sheet Classification |  | December 31, 2022 |  | July 2, 2022 |  | Balance Sheet Classification |  | December 31, 2022 |  | July 2, 2022
|  | (millions)
FC - Inventory purchases(1) |  | $ | 556.8 |  |  | $ | 41.5 |  |  | Other Current Assets |  | $ | 5.1 |  |  | $ | — |  |  | Accrued Liabilities |  | $ | 22.6 |  |  | $ | 2.7 |
FC - Intercompany liabilities and loans(2) |  | 299.2 |  |  | 274.1 |  |  | Other Current Assets |  | 0.6 |  |  | 0.4 |  |  | Accrued Liabilities |  | 2.7 |  |  | 0.5 |
CCS - Net investment hedges(3) |  | 1,200.0 |  |  | 1,200.0 |  |  | Other Assets |  | — |  |  | 47.8 |  |  | Other Liabilities |  | 94.5 |  |  | 44.0 |
Total Hedges |  | $ | 2,056.0 |  |  | $ | 1,515.6 |  |  |  |  | $ | 5.7 |  |  | $ | 48.2 |  |  |  |  | $ | 119.8 |  |  | $ | 47.2 |
(1)Represents forward foreign currency exchange contracts ("FC") designated as derivative instruments in cash flow hedging relationships. (2)Represents forward foreign currency exchange contracts ("FC") designated as derivative instruments in fair value hedging relationships. (3)Represents cross currency swap contracts ("CCS") designated as derivative instruments in net investment hedging relationships
Hedging Activity Affected Accumulated Other Comprehensive Loss or Income Net of Tax | The following tables provides the pretax impact of gains and losses from the Company's designated derivative instruments on its Condensed Consolidated Financial Statements as of December 31, 2022 and January 1, 2022:
|  | Amount of Gain (Loss) Recognized in OCI on Derivatives
|  | Six Months Ended
|  | December 31, 2022 |  | January 1, 2022 |  |
|  | (millions)
Cash flow hedges: |  |  |  |  |  |
Inventory purchases(1) |  | $ | (17.0) |  |  | $ | (2.1) |  |  |
Cash flow hedges, total |  | $ | (17.0) |  |  | $ | (2.1) |  |  |
Other: |  |  |  |  |  |
Net investment hedges |  | (69.9) |  |  | — |  |  |
Other, total |  | $ | (69.9) |  |  | $ | — |  |  |
Total hedges |  | $ | (86.9) |  |  | $ | (2.1) |  |  |
|  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
|  | Statement of Operations Classification |  | Six Months Ended
|  | December 31, 2022 |  | January 1, 2022 |  |
|  |  |  | (millions)
Cash flow hedges: |  |  |  |  |  |  |  |
Inventory purchases(1) |  | Cost of Sales |  | $ | (2.8) |  |  | $ | (1.3) |  |  |
Total hedges |  |  |  | $ | (2.8) |  |  | $ | (1.3) |  |  |
(1)Represents forward foreign currency exchange contracts ("FC") designated as derivative instruments in cash flow hedging relationships.

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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