Cash, Cash Equivalents and Short-Term Investments

12 Months Ended

Jun. 25, 2022

Cash, Cash Equivalents, and Short-term Investments [Abstract]

Cash, Cash Equivalents and Short-Term Investments

5. Cash, Cash Equivalents and Short-Term Investments

The following table summarizes our cash, cash equivalents and short-term investments by category at June 25, 2022 (in millions):


	Amortized Cost		Gross unrealized gain (loss)			Fair Value
Cash	$	811.9	$	-		$	811.9
Cash equivalents:
Money market funds		12.1		-			12.1
Total cash and cash equivalents	$	824.0	$	-		$	824.0
Short-term investments:
Certificates of deposit	$	2.4	$	-		$	2.4
Corporate debt securities		43.7		(1.9	)		41.8
Municipal bonds		7.9		(0.1	)		7.8
Total short-term investments	$	54.0	$	(2.0	)	$	52.0

We did not hold any short-term investments at the end of fiscal 2021. We use the specific-identification method to determine any realized gains or losses from the sale of our short-term investments classified as available-for-sale. During fiscal 2022, we did not realize significant gains or losses on a gross level from the sale of our short-term investments classified as available-for-sale.

The following table classifies our short-term investments by contractual maturities (in millions):


	Amortized Cost
Due within 1 year	$	20.4
Due between 1 year to 5 years		31.6
	$	52.0

All available-for-sale securities have been classified as current, based on management's intent and ability to use the funds in current operations.