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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 30, 2023
Jun. 24, 2023
Current Assets:    
Cash and cash equivalents $ 846.1 $ 924.7
Short-term investments 2.6 9.6
Accounts receivable, net 126.6 163.9
Inventories, net 125.1 137.2
Prepaid expenses and other current assets 47.0 36.6
Total current assets 1,147.4 1,272.0
Property and equipment, net 71.0 66.4
Goodwill 816.4 816.4
Acquired intangibles, net 270.4 298.5
Right-of-use assets 45.9 49.0
Non-current other assets 222.2 109.1
Total assets 2,573.3 2,611.4
Current Liabilities:    
Accounts payable 83.0 45.8
Accrued compensation 22.4 45.9
Income taxes payable 38.0 54.0
Other accrued liabilities 103.9 108.4
Current portion of long-term debt 6.0 6.0
Total current liabilities 253.3 260.1
Long-term debt 968.7 972.0
Other long-term liabilities 131.0 135.9
Total liabilities 1,353.0 1,368.0
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, 69,404,215 and 68,687,511 shares issued, 39,287,776 and 38,571,072 shares outstanding, at December 2023 and June 2023, respectively 0.1 0.1
Additional paid-in capital 1,050.5 1,009.2
Treasury stock: 30,116,439 common shares at December 2023 and June 2023, at cost (878.0) (878.0)
Accumulated other comprehensive income 0.2 0.0
Retained earnings 1,047.5 1,112.1
Total stockholders' equity 1,220.3 1,243.4
Liabilities and stockholders' equity $ 2,573.3 $ 2,611.4