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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 24, 2023
Jun. 25, 2022
Current Assets:    
Cash and cash equivalents $ 924.7 $ 824.0
Short-term investments 9.6 52.0
Accounts receivable, net of allowance for credit losses of $5.0 and $6.0 at June 2023 and 2022, respectively 163.9 322.1
Inventories 137.2 169.7
Prepaid expenses and other current assets 36.6 35.6
Total current assets 1,272.0 1,403.4
Property and equipment, net 66.4 62.9
Goodwill 816.4 806.6
Acquired intangibles, net 298.5 390.0
Right-of-use assets 49.0 61.2
Non-current other assets 109.1 134.0
Total assets 2,611.4 2,858.1
Current Liabilities:    
Accounts payable 45.8 141.8
Accrued compensation 45.9 90.6
Income taxes payable 54.0 79.7
Other accrued liabilities 108.4 145.3
Current portion of long-term debt 6.0 6.0
Total current liabilities 260.1 463.4
Long-term debt 972.0 975.7
Other long-term liabilities 135.9 152.6
Total liabilities 1,368.0 1,591.7
Commitments and contingencies
Stockholders' Equity:    
Preferred stock: $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0.0 0.0
Common stock: $0.001 par value; 120,000,000 shares authorized, 68,687,511 and 67,745,800 shares issued, and 38,571,072 and 39,621,179 shares outstanding, at June 2023 and 2022, respectively 0.1 0.1
Additional paid-in capital 1,009.2 924.1
Treasury stock: 30,116,439 and 28,124,621 common shares at June 2023 and 2022, respectively, at cost (878.0) (694.5)
Accumulated other comprehensive loss 0.0 (1.8)
Retained earnings 1,112.1 1,038.5
Total stockholders' equity 1,243.4 1,266.4
Liabilities and stockholders' equity $ 2,611.4 $ 2,858.1