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Cash, Cash Equivalents and Short-Term Investments
 9 Months Ended
Mar. 30, 2024
Cash, Cash Equivalents, and Short-Term Investments [Abstract]  
Cash, Cash Equivalents and Short-Term Investments

6. Cash, Cash Equivalents and Short-Term Investments

The following table summarizes our cash, cash equivalents and short-term investments by category at March 2024 and June 2023 (in millions):

 

 

March 2024

 

 

June 2023

 

 

 

Amortized Cost

 

 

Gross unrealized loss

 

 

Fair Value

 

 

Amortized Cost

 

 

Gross unrealized loss

 

 

Fair Value

 

Cash

 

$

195.3

 

 

$

—

 

 

$

195.3

 

 

$

853.9

 

 

$

—

 

 

$

853.9

 

Cash equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

 

591.8

 

 

 

—

 

 

 

591.8

 

 

 

54.4

 

 

 

—

 

 

 

54.4

 

Treasury bills

 

 

—

 

 

 

—

 

 

 

—

 

 

 

16.4

 

 

 

—

 

 

 

16.4

 

Certificates of deposit

 

 

41.0

 

 

 

—

 

 

 

41.0

 

 

 

—

 

 

 

—

 

 

 

—

 

Total cash and cash equivalents

 

$

828.1

 

 

$

—

 

 

$

828.1

 

 

$

924.7

 

 

$

—

 

 

$

924.7

 

Short-term investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

—

 

 

$

—

 

 

$

—

 

 

$

0.2

 

 

$

—

 

 

$

0.2

 

Corporate debt securities

 

 

0.5

 

 

 

—

 

 

 

0.5

 

 

 

6.5

 

 

 

(0.2

)

 

 

6.3

 

Municipal bonds

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3.1

 

 

 

—

 

 

 

3.1

 

Total short-term investments

 

$

0.5

 

 

$

—

 

 

$

0.5

 

 

$

9.8

 

 

$

(0.2

)

 

$

9.6

 

 

The following table classifies our short-term investments by contractual maturities (in millions):

 

 

 

March 2024

 

 

June 2023

 

 

 

Amortized cost

 

 

Fair value

 

 

Amortized cost

 

 

Fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due within 1 year

 

$

0.5

 

 

$

0.5

 

 

$

9.8

 

 

$

9.6

 

Due between 1 and 5 years

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

$

0.5

 

 

$

0.5

 

 

$

9.8

 

 

$

9.6