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Fair Value Measurements (Tables) | 6 Months Ended
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Dec. 24, 2022
Fair Value Disclosures [Abstract] |
Schedule of financial assets measured at fair value on a recurring basis | At December 2022 and June 2022, financial assets measured at fair value on a recurring basis are summarized below (in millions):
|  | December 2022 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total (1) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 440.0 |  |  | $ | - |  |  | $ | - |  |  | $ | 440.0 |
Certificates of deposit |  |  | - |  |  |  | 57.4 |  |  |  | - |  |  |  | 57.4 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | - |  |  |  | 1.1 |  |  |  | - |  |  |  | 1.1 |
Corporate debt securities |  |  | - |  |  |  | 34.2 |  |  |  | - |  |  |  | 34.2 |
Municipal bonds |  |  | - |  |  |  | 4.8 |  |  |  | - |  |  |  | 4.8 |
Total assets |  | $ | 440.0 |  |  | $ | 97.5 |  |  | $ | - |  |  | $ | 537.5 |
(1) Excludes $321.5 million in cash held in our bank accounts as of December 2022.
|  | June 2022 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total (1) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 12.1 |  |  | $ | - |  |  | $ | - |  |  | $ | 12.1 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | - |  |  |  | 2.4 |  |  |  | - |  |  |  | 2.4 |
Corporate debt securities |  |  | - |  |  |  | 41.8 |  |  |  | - |  |  |  | 41.8 |
Municipal bonds |  |  | - |  |  |  | 7.8 |  |  |  | - |  |  |  | 7.8 |
Total assets |  | $ | 12.1 |  |  | $ | 52.0 |  |  | $ | - |  |  | $ | 64.1 |
(1) Excludes $811.9 million in cash held in our bank accounts as of June 2022.
Schedule of carrying amounts and estimated fair values of the Senior Notes and Term Debt | The carrying amounts and estimated fair values of the Senior Notes and Term Loan Facility are as follows for the periods presented (in millions):
|  | December 2022 |  |  | June 2022 |
|  | Carrying Amount |  |  | Estimated Fair Value |  |  | Carrying Amount |  |  | Estimated Fair Value |
Senior Notes due 2029 |  | $ | 395.3 |  |  | $ | 339.0 |  |  | $ | 395.0 |  |  | $ | 326.9 |
Term Loan Facility due 2028 |  |  | 584.6 |  |  |  | 574.0 |  |  |  | 586.7 |  |  | $ | 575.0 |
|  | $ | 979.9 |  |  | $ | 913.0 |  |  | $ | 981.7 |  |  | $ | 901.9 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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