XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Jun. 25, 2022
Fair Value Disclosures [Abstract] |
Schedule of financial assets measured at fair value on a recurring basis | At June 25, 2022, financial assets measured at fair value on a recurring basis are summarized below (in millions):
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 12.1 |  |  | $ | - |  |  | $ | - |  |  | $ | 12.1 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | - |  |  |  | 2.4 |  |  |  | - |  |  |  | 2.4 |
Corporate debt securities |  |  | - |  |  |  | 41.8 |  |  |  | - |  |  |  | 41.8 |
Municipal bonds |  |  | - |  |  |  | 7.8 |  |  |  | - |  |  |  | 7.8 |
|  | $ | 12.1 |  |  | $ | 52.0 |  |  | $ | - |  |  | $ | 64.1 |
Schedule of carrying amounts and estimated fair values of the Senior Notes and Term Debt | The carrying amounts and estimated fair values of the Senior Notes and Term Debt are as follows for the periods presented (in millions):
|  | June 25, 2022 |  |  | June 26, 2021 |
|  | Carrying Amount |  |  | Estimated Fair Value |  |  | Carrying Amount |  |  | Estimated Fair Value |
Senior Notes due 2029 |  | $ | 395.0 |  |  | $ | 326.9 |  |  | $ | 400.0 |  |  | $ | 401.5 |
Term Loan due 2028 |  |  | 586.7 |  |  | $ | 575.0 |  |  |  | - |  |  |  | - |
Convertible notes due 2022 |  |  | - |  |  |  | - |  |  | $ | 505.6 |  |  | $ | 1,013.3 |
|  | $ | 981.7 |  |  | $ | 901.9 |  |  | $ | 905.6 |  |  | $ | 1,414.8 |

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

X
- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCarryingValuesAndEstimatedFairValuesOfDebtInstrumentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration