XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Acquired Intangible Assets (Tables) | 12 Months Ended
--- | ---
Jun. 25, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table presents our goodwill balance as of June 25, 2022 and June 26, 2021 (in millions):
|  | 2022 |  |  | 2021 |
Beginning balance |  | $ | 570.0 |  |  | $ | 360.8 |
Acquisition activity |  |  | 236.6 |  |  |  | 209.2 |
Ending balance |  | $ | 806.6 |  |  | $ | 570.0 |
Summary of Life, Gross Carrying Value of Acquired Intangible Assets, and Related Accumulated Amortization | The following table summarizes the life, the gross carrying value of our acquired intangible assets, and the related accumulated amortization as of the end of fiscal 2022 and 2021 (in millions):
|  |  |  |  | 2022 |  |  | 2021 |
|  | Weighted Average Life in Years |  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |
Audio and video technology |  |  | 5.6 |  |  | $ | 232.1 |  | $ | (109.3 | ) | $ | 122.8 |  |  | $ | 138.6 |  | $ | (97.6 | ) | $ | 41.0 |
Customer relationships |  |  | 4.1 |  |  |  | 170.5 |  |  | (99.7 | ) |  | 70.8 |  |  |  | 125.5 |  |  | (63.8 | ) |  | 61.7 |
Wireless connectivity technology |  |  | 5.7 |  |  |  | 128.0 |  |  | (33.8 | ) |  | 94.2 |  |  |  | 93.0 |  |  | (14.2 | ) |  | 78.8 |
Video interface technology |  |  | 3.0 |  |  |  | 82.0 |  |  | (52.4 | ) |  | 29.6 |  |  |  | 82.0 |  |  | (25.1 | ) |  | 56.9 |
Display driver technology |  |  | 7.0 |  |  |  | 20.4 |  |  | (20.4 | ) |  | — |  |  |  | 20.4 |  |  | (17.5 | ) |  | 2.9 |
Backlog |  | Not applicable |  |  |  | — |  |  | — |  |  | — |  |  |  | 12.0 |  |  | (12.0 | ) |  | — |
Licensed technology and other |  |  | 4.5 |  |  |  | 9.9 |  |  | (7.5 | ) |  | 2.4 |  |  |  | 13.0 |  |  | (8.1 | ) |  | 4.9 |
Patents |  |  | 8.0 |  |  |  | 4.4 |  |  | (3.7 | ) |  | 0.7 |  |  |  | 4.4 |  |  | (3.2 | ) |  | 1.2 |
Tradename |  |  | 4.4 |  |  |  | 5.8 |  |  | (3.3 | ) |  | 2.5 |  |  |  | 4.8 |  |  | (1.7 | ) |  | 3.1 |
In process research and development |  | Not applicable |  |  |  | 67.0 |  |  | — |  |  | 67.0 |  |  |  | 51.0 |  |  | — |  |  | 51.0 |
Acquired intangibles, gross |  |  | 5.0 |  |  | $ | 720.1 |  | $ | (330.1 | ) | $ | 390.0 |  |  | $ | 544.7 |  | $ | (243.2 | ) | $ | 301.5 |
Schedule of Expected Annual Aggregate Amortization Expense | The following table presents expected annual aggregate amortization expense in future fiscal years (in millions):
2023 |  | $ | 127.5 |
2024 |  |  | 66.9 |
2025 |  |  | 60.0 |
2026 |  |  | 47.0 |
2027 |  |  | 16.6 |
Thereafter |  |  | 5.0 |
To be determined |  |  | 67.0 |
Future amortization |  | $ | 390.0 |

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration