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STOCKHOLDERS' EQUITY (Tables) | 6 Months Ended
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Dec. 30, 2023
Stockholders' Equity Note [Abstract] |
Schedule of 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 July 2, 2022 | 241.2 |  |  | $ | 2.4 |  |  | $ | 3,620.2 |  |  | $ | (1,166.2) |  |  | $ | (170.9) |  |  | $ | 2,285.5 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 195.3 |  |  | — |  |  | 195.3 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | (22.0) |  |  | (22.0) |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 2.7 |  |  | — |  |  | (45.8) |  |  | — |  |  | — |  |  | (45.8) |
Share-based compensation | — |  |  | — |  |  | 15.1 |  |  | — |  |  | — |  |  | 15.1 |
Repurchase of common stock | (3.0) |  |  | — |  |  | — |  |  | (100.0) |  |  | — |  |  | (100.0) |
Dividends declared ($0.30 per share) | — |  |  | — |  |  | — |  |  | (72.7) |  |  | — |  |  | (72.7) |
Balance at October 1, 2022 | 240.9 |  |  | $ | 2.4 |  |  | $ | 3,589.5 |  |  | $ | (1,143.6) |  |  | $ | (192.9) |  |  | $ | 2,255.4 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 329.9 |  |  | — |  |  | 329.9 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | (24.9) |  |  | (24.9) |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 0.5 |  |  | — |  |  | 4.6 |  |  | — |  |  | — |  |  | 4.6 |
Share-based compensation | — |  |  | — |  |  | 19.7 |  |  | — |  |  | — |  |  | 19.7 |
Repurchase of common stock | (5.4) |  |  | $ | — |  |  | $ | — |  |  | $ | (200.0) |  |  | $ | — |  |  | (200.0) |
Dividends declared ($0.30 per share) | — |  |  | — |  |  | — |  |  | (71.5) |  |  | — |  |  | (71.5) |
Balance at December 31, 2022 | 236.0 |  |  | $ | 2.4 |  |  | $ | 3,613.8 |  |  | $ | (1,085.2) |  |  | $ | (217.8) |  |  | $ | 2,313.2 |
| 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 July 1, 2023 | 227.4 |  |  | $ | 2.3 |  |  | $ | 3,682.2 |  |  | $ | (1,216.8) |  |  | $ | (189.9) |  |  | $ | 2,277.8 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 195.0 |  |  | — |  |  | 195.0 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | 34.6 |  |  | 34.6 |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 1.8 |  |  | — |  |  | (31.2) |  |  | — |  |  | — |  |  | (31.2) |
Share-based compensation | — |  |  | — |  |  | 19.7 |  |  | — |  |  | — |  |  | 19.7 |
Repurchase of common stock, including excise tax | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared ($0.35 per share) | — |  |  | — |  |  | — |  |  | (80.2) |  |  | — |  |  | (80.2) |
Balance at September 30, 2023 | 229.2 |  |  | $ | 2.3 |  |  | $ | 3,670.7 |  |  | $ | (1,102.0) |  |  | $ | (155.3) |  |  | $ | 2,415.7 |
Net income (loss) | — |  |  | — |  |  | — |  |  | 322.3 |  |  | — |  |  | 322.3 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | (23.1) |  |  | (23.1) |
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes | 0.2 |  |  | — |  |  | 2.6 |  |  | — |  |  | — |  |  | 2.6 |
Share-based compensation | — |  |  | — |  |  | 22.5 |  |  | — |  |  | — |  |  | 22.5 |
Repurchase of common stock, including excise tax | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Dividends declared ($0.35 per share) | — |  |  | — |  |  | — |  |  | (80.2) |  |  | — |  |  | (80.2) |
Balance at December 30, 2023 | 229.4 |  |  | $ | 2.3 |  |  | $ | 3,695.8 |  |  | $ | (859.9) |  |  | $ | (178.4) |  |  | $ | 2,659.8 |
Schedule of 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(2) |  |  |  | Total
| (millions)
Balances at July 2, 2022 | $ | (2.3) |  |  | $ | (0.5) |  |  | $ | (168.1) |  |  |  |  | $ | (170.9) |
Other comprehensive income (loss) before reclassifications | (16.7) |  |  | 0.5 |  |  | (32.6) |  |  |  |  | (48.8) |
Less: amounts reclassified from accumulated other comprehensive income to earnings | (1.9) |  |  | — |  |  | — |  |  |  |  | (1.9) |
Net current-period other comprehensive income (loss) | (14.8) |  |  | 0.5 |  |  | (32.6) |  |  |  |  | (46.9) |
Balances at December 31, 2022 | $ | (17.1) |  |  | $ | — |  |  | $ | (200.7) |  |  |  |  | $ | (217.8) |
Balances at July 1, 2023 | $ | 34.9 |  |  | $ | — |  |  | $ | (224.8) |  |  |  |  | $ | (189.9) |
Other comprehensive income (loss) before reclassifications | (3.3) |  |  | — |  |  | 21.2 |  |  |  |  | 17.9 |
Less: amounts reclassified from accumulated other comprehensive income to earnings | 6.4 |  |  | — |  |  | — |  |  |  |  | 6.4 |
Net current-period other comprehensive income (loss) | (9.7) |  |  | — |  |  | 21.2 |  |  |  |  | 11.5 |
Balances at December 30, 2023 | $ | 25.2 |  |  | $ | — |  |  | $ | (203.6) |  |  |  |  | $ | (178.4) |
(1) The ending balances of AOCI related to cash flow hedges are net of tax of ($3.0) million and $0.3 million as of December 30, 2023 and December 31, 2022, respectively. The amounts reclassified from AOCI are net of tax of $2.4 million and $0.9 million as of December 30, 2023 and December 31, 2022, respectively. (2) The ending balances of AOCI related to foreign currency translation adjustments includes a loss of $49.4 million, net of tax of $11.4 million, and a loss of $66.0 million, net of tax of $0.1 million, as of December 30, 2023 and December 31, 2022, respectively, related to changes in the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations.

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