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Cash, Cash Equivalents and Short-Term Investments

3 Months Ended

Sep. 24, 2022

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

Cash, Cash Equivalents, and Short-Term Investments [Text Block]

5. Cash, Cash Equivalents and Short-Term Investments

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

		September 2022
		Amortized Cost				Gross unrealized gain (loss)				Fair Value
Cash		$	418.8			$	-			$	418.8
Cash equivalents:
Money market funds			390.9				-				390.9
Certificates of deposit			38.1				-				38.1
U.S. Treasury securities			20.0								20.0
Total cash and cash equivalents		$	867.8			$	-			$	867.8
Short-term investments:
Certificates of deposit		$	2.0			$	-			$	2.0
Corporate debt securities			38.2				(2.0	)			36.2
Municipal bonds			5.9				(0.1	)			5.8
Total short-term investments		$	46.1			$	(2.1	)		$	44.0

		June 2022
		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

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

		September 2022								June 2022
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Due within 1 year		$	18.0			$	17.5			$	21.0			$	20.4
Due between 1 year to 5 years			28.1				26.5				33.0				31.6
		$	46.1			$	44.0			$	54.0			$	52.0

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- References

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- Definition

The entire disclosure of the components of cash, cash equivalents, and short-term investments. Short-term investments may include current marketable securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

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