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Cash, Cash Equivalents and Short-Term Investments (Tables) | 12 Months Ended
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Jun. 24, 2023
Cash, Cash Equivalents, and Short-Term Investments [Abstract] |
Schedule of cash, cash equivalents and short-term investments | The following table summarizes our cash, cash equivalents and short-term investments by category at June 2023 and June 2022 (in millions): 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.
|  | June 2023 |  |  | June 2022 |
|  | Amortized Cost |  |  | Gross unrealized gain (loss) |  |  | Fair Value |  |  | Amortized Cost |  |  | Gross unrealized gain (loss) |  |  | Fair Value |
Cash |  | $ | 853.9 |  |  | $ | — |  |  | $ | 853.9 |  |  | $ | 811.9 |  |  | $ | — |  |  | $ | 811.9 |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  |  | 54.4 |  |  |  | — |  |  |  | 54.4 |  |  |  | 12.1 |  |  |  | — |  |  |  | 12.1 |
Treasury bills |  |  | 16.4 |  |  |  | — |  |  |  | 16.4 |  |  |  | — |  |  |  | — |  |  |  | — |
Total cash and cash equivalents |  | $ | 924.7 |  |  | $ | — |  |  | $ | 924.7 |  |  | $ | 824.0 |  |  | $ | — |  |  | $ | 824.0 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 2.4 |
Corporate debt securities |  |  | 6.5 |  |  |  | (0.2 | ) |  |  | 6.3 |  |  |  | 43.7 |  |  |  | (1.9 | ) |  |  | 41.8 |
Municipal bonds |  |  | 3.1 |  |  |  | — |  |  |  | 3.1 |  |  |  | 7.9 |  |  |  | (0.1 | ) |  |  | 7.8 |
Total short-term investments |  | $ | 9.8 |  |  | $ | (0.2 | ) |  | $ | 9.6 |  |  | $ | 54.0 |  |  | $ | (2.0 | ) |  | $ | 52.0 |
Schedule of classified by contractual maturity date | The following table classifies our short-term investments by contractual maturities (in millions):
|  | June 2023 |  |  | June 2022 |
|  | Amortized Cost |  |  | Fair Value |  |  | Amortized Cost |  |  | Fair Value |
Due within 1 year |  | $ | 9.8 |  |  | $ | 9.6 |  |  | $ | 21.0 |  |  | $ | 20.4 |
Due between 1 year to 5 years |  |  | — |  |  |  | — |  |  |  | 33.0 |  |  |  | 31.6 |
|  | $ | 9.8 |  |  | $ | 9.6 |  |  | $ | 54.0 |  |  | $ | 52.0 |

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