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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 25, 2023
Jun. 25, 2022
Current Assets:    
Cash and cash equivalents $ 898.0 $ 824.0
Short-term investments 35.9 52.0
Accounts receivable, net 218.2 322.1
Inventories, net 147.8 169.7
Prepaid expenses and other current assets 34.4 35.6
Total current assets 1,334.3 1,403.4
Property and equipment at cost, net of accumulated depreciation of $135.3 and $122.8 at March 2023 and June 2022, respectively 69.0 62.9
Goodwill 816.4 806.6
Acquired intangibles, net 331.4 390.0
Right-of-use assets 51.2 61.2
Non-current other assets 112.4 134.0
Total assets 2,714.7 2,858.1
Current Liabilities:    
Accounts payable 60.8 141.8
Accrued compensation 43.6 90.6
Income taxes payable 64.8 79.7
Other accrued liabilities 93.7 145.3
Current portion of long-term debt 6.0 6.0
Total current liabilities 268.9 463.4
Long-term debt 972.9 975.7
Other long-term liabilities 151.8 152.6
Total liabilities 1,393.6 1,591.7
Stockholders' Equity:    
$0.001 par value; 120,000,000 shares authorized, 68,629,861 and 67,745,800 shares issued, and 39,512,364 and 39,621,179 shares outstanding, at March 2023 and June 2022, respectively 0.1 0.1
Additional paid-in capital 981.2 924.1
Treasury stock: 29,117,497 and 28,124,621 common shares at March 2023 and June 2022, respectively, at cost (794.6) (694.5)
Accumulated other comprehensive income (1.1) (1.8)
Retained earnings 1,135.5 1,038.5
Total stockholders' equity 1,321.1 1,266.4
Liabilities and stockholders' equity $ 2,714.7 $ 2,858.1