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STOCKHOLDERS' EQUITY
 6 Months Ended
Dec. 30, 2023
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
A reconciliation of stockholders' equity is presented below:
Shares of
Common
Stock		Common StockAdditional
Paid-in-
Capital		Retained Earnings / (Accumulated Deficit)Accumulated
Other
Comprehensive
Income (Loss)		Total
Stockholders'
Equity
(millions, except per share data)
Balance at July 2, 2022241.2 $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 taxes2.7 — (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, 2022240.9 $2.4 $3,589.5 $(1,143.6)$(192.9)$2,255.4 
Net income (loss)— — — 329.9 — 329.9 
Other comprehensive income (loss)— — — — (24.9)(24.9)
Shares issued, pursuant to stock-based compensation arrangements, net of shares withheld for taxes0.5 — 4.6 — — 4.6 
Share-based compensation— — 19.7 — — 19.7 
Repurchase of common stock(5.4)$— $— $(200.0)$— (200.0)
Dividends declared ($0.30 per share)
— — — (71.5)— (71.5)
Balance at December 31, 2022236.0 $2.4 $3,613.8 $(1,085.2)$(217.8)$2,313.2 
Shares of
Common
Stock		Common StockAdditional
Paid-in-
Capital		Retained Earnings / (Accumulated Deficit)Accumulated
Other
Comprehensive
Income (Loss)		Total
Stockholders'
Equity
(millions, except per share data)
Balance at July 1, 2023227.4 $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 taxes1.8 — (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, 2023229.2 $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 taxes0.2 — 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, 2023229.4 $2.3 $3,695.8 $(859.9)$(178.4)$2,659.8 
The components of accumulated other comprehensive income (loss) ("AOCI"), as of the dates indicated, are as follows:
Unrealized Gains (Losses) on Cash
Flow
Hedging Derivatives(1)
Unrealized Gains
(Losses) on Available-
for-Sale Investments
Cumulative
Translation
Adjustment(2)
Total
(millions)
Balances at July 2, 2022$(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 earnings6.4 — — 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.