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Fair Value Measurements (Tables) | 3 Months Ended
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Sep. 28, 2024
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis | At September 2024 and June 2024, financial assets measured at fair value on a recurring basis are summarized below (in millions):
| September 2024 |  | June 2024
| Level 1 |  | Level 2 |  | Total (1) |  | Level 1 |  | Level 2 |  | Total (1)
Assets: |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |
Money market funds | $ | 265.7 |  |  | $ | — |  |  | $ | 265.7 |  |  | $ | 600.4 |  |  | $ | — |  |  | $ | 600.4 |
Certificates of deposit | — |  |  | 33.0 |  |  | 33.0 |  |  | — |  |  | 38.1 |  |  | 38.1 |
Total assets | $ | 265.7 |  |  | $ | 33.0 |  |  | $ | 298.7 |  |  | $ | 600.4 |  |  | $ | 38.1 |  |  | $ | 638.5 |
(1)Excludes $554.9 million and $238.4 million in cash held in our bank accounts as of September 2024 and June 2024, respectively. We did not have any financial assets requiring Level 3 measurement in the periods presented.
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):
| September 2024 |  | June 2024 |
| Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value |
Senior Notes due 2029 | $ | 396.4 |  |  | $ | 375.6 |  |  | $ | 396.3 |  |  | $ | 359.6 |  |
Term Loan Facility due 2028 | 575.5 |  |  | 575.1 |  |  | 576.6 |  |  | 577.0 |  |
| $ | 971.9 |  |  | $ | 950.7 |  |  | $ | 972.9 |  |  | $ | 936.6 |  |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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