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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 25, 2021
Jun. 26, 2021
Current Assets:    
Cash and cash equivalents $ 502.8 $ 836.3
Short-term investments 71.1
Accounts receivable, net of allowances of $5.9 and $5.8 at December 2021 and June 2021, respectively 312.2 228.3
Inventories 133.3 82.0
Prepaid expenses and other current assets 55.3 33.1
Total current assets 1,074.7 1,179.7
Property and equipment at cost, net of accumulated depreciation of $122.5 and $131.0 at December 2021 and June 2021, respectively 56.9 91.2
Goodwill 826.6 570.0
Acquired intangibles, net 447.6 301.5
Non-current assets held for sale 50.8 0.0
Non-current other assets 110.8 84.4
Total assets 2,567.4 2,226.8
Current Liabilities:    
Accounts payable 134.5 97.6
Accrued compensation 68.4 76.4
Income taxes payable 23.8 29.4
Other accrued liabilities 138.5 96.2
Convertible notes, net 487.1
Total current liabilities 365.2 786.7
Long-term debt 983.5 394.4
Other long-term liabilities 154.8 78.5
Total liabilities 1,503.5 1,259.6
Stockholders' Equity:    
$0.001 par value; 120,000,000 shares authorized, 67,643,668 and 66,963,006 shares issued, and 39,513,047 and 35,331,903 shares outstanding, at December 2021 and June 2021, respectively 0.1 0.1
Additional paid-in capital 867.7 1,391.5
Treasury stock: 28,124,621 and 31,631,103 common treasury shares at December 2021 and June 2021, respectively, at cost (694.5) (1,205.4)
Accumulated other comprehensive income (0.1) 0.0
Retained earnings 890.7 781.0
Total stockholders' equity 1,063.9 967.2
Liabilities and stockholders' equity $ 2,567.4 $ 2,226.8