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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 25, 2022
Jun. 26, 2021
Current Assets:    
Cash and cash equivalents $ 824.0 $ 836.3
Short-term Investments 52.0 0.0
Accounts receivable, net of allowances of $5.8 at June 2021 and 2020 322.1 228.3
Inventories 169.7 82.0
Prepaid expenses and other current assets 35.6 33.1
Total current assets 1,403.4 1,179.7
Property and equipment, net 62.9 91.2
Goodwill 806.6 570.0
Acquired intangibles, net 390.0 301.5
Right-of-use assets 61.2 31.7
Non-current other assets 134.0 52.7
Total assets 2,858.1 2,226.8
Current Liabilities:    
Accounts payable 141.8 97.6
Accrued compensation 90.6 76.4
Income taxes payable 79.7 29.4
Other accrued liabilities 145.3 96.2
Current portion of long-term debt 6.0  
Total current liabilities 463.4 786.7
Long-term debt 975.7 394.4
Convertible notes, net   487.1
Other long-term liabilities 152.6 78.5
Total liabilities 1,591.7 1,259.6
Stockholders' Equity:    
Common stock: $0.001 par value; 120,000,000 shares authorized, 66,963,006 and 65,871,648 shares issued, and 35,331,903 and 34,122,453 shares outstanding, at June 2021 and 2020, respectively 0.1 0.1
Additional paid-in capital 924.1 1,391.5
Treasury stock: 31,631,103 and 31,749,195 common shares at June 2021 and 2020, respectively, at cost (694.5) (1,205.4)
Accumulated other comprehensive loss (1.8) 0.0
Retained earnings 1,038.5 781.0
Total stockholders' equity 1,266.4 967.2
Liabilities and stockholders' equity $ 2,858.1 $ 2,226.8