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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 26, 2022
Jun. 26, 2021
Current Assets:    
Cash and cash equivalents $ 690.3 $ 836.3
Short-term investments 64.6 0.0
Accounts receivable, net of allowances of $6.0 and $5.8 at March 2022 and June 2021, respectively 298.3 228.3
Inventories 145.9 82.0
Prepaid expenses and other current assets 48.1 33.1
Total current assets 1,247.2 1,179.7
Property and equipment at cost, net of accumulated depreciation of $125.9 and $131.0 at March 2022 and June 2021, respectively 63.1 91.2
Goodwill 814.5 570.0
Acquired intangibles, net 409.5 301.5
Non-current other assets 163.7 84.4
Total assets 2,698.0 2,226.8
Current Liabilities:    
Accounts payable 135.6 97.6
Accrued compensation 80.1 76.4
Income taxes payable 38.0 29.4
Other accrued liabilities 139.3 96.2
Convertible notes, net 0.0 487.1
Total current liabilities 393.0 786.7
Long-term debt 982.6 394.4
Other long-term liabilities 164.7 78.5
Total liabilities 1,540.3 1,259.6
Stockholders' Equity:    
$0.001 par value; 120,000,000 shares authorized, 67,722,867 and 66,963,006 shares issued, and 39,598,246 and 35,331,903 shares outstanding, at March 2022 and June 2021, respectively 0.1 0.1
Additional paid-in capital 897.8 1,391.5
Treasury stock: 28,124,621 and 31,631,103 common treasury shares at March 20222 and June 2021, respectively, at cost (694.5) (1,205.4)
Accumulated other comprehensive income (1.3)
Retained earnings 955.6 781.0
Total stockholders' equity 1,157.7 967.2
Liabilities and stockholders' equity $ 2,698.0 $ 2,226.8