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Income Taxes (Tables)

12 Months Ended

Jun. 28, 2025

Income Tax Disclosure [Abstract]

Schedule of Income (Loss) Before Income Taxes

(Loss)/income before provision for income taxes was as follows:

			2025						2024						2023
United States			$	(64.3)					$	(80.5)					$	(69.5)
Foreign			(49.2)						(44.1)						195.5
(Loss)/income before provision for income taxes			$	(113.5)					$	(124.6)					$	126.0

Schedule of (Benefit)/Provision for Income Taxes

The (benefit)/provision for income taxes consisted of the following:

			2025						2024						2023
Current tax (benefit)/expense
Federal			$	2.4					$	(17.4)					$	15.8
State			—						—						0.1
Foreign			7.3						56.0						62.4
			9.7						38.6						78.3
Deferred tax (benefit)/expense
Federal			(49.9)						(280.8)						(12.7)
State			—						—						—
Foreign			(25.5)						(8.0)						(13.2)
			(75.4)						(288.8)						(25.9)
(Benefit)/provision for income taxes			$	(65.7)					$	(250.2)					$	52.4

Schedule of (Benefit)/Provision for Income Taxes Differs from Federal Statutory Rate

The (benefit)/provision for income taxes differs from the federal statutory rate as follows:

			2025						2024						2023
(Benefit)/provision at U.S. federal statutory tax rate			$	(23.8)					$	(26.2)					$	26.4
Non-deductible share-based compensation			7.2						7.6						6.6
Shortfall/(windfall) related to share-based compensation			3.9						3.5						(1.3)
Non-deductible officer compensation			2.5						4.8						6.4
Business credits			(4.4)						(5.2)						(5.2)
Foreign tax differential			(10.6)						45.2						(0.5)
U.S. inclusion of foreign income			(10.3)						(0.3)						21.0
Deferred taxes on unremitted foreign earnings			(14.2)						—						0.3
U.S. provision to return adjustment			0.5						(18.1)						0.4
Deferred tax benefit from domestication			(7.7)						(262.8)						—
Tax benefit from U.S. transition tax			(8.9)						—						—
Other differences			0.1						1.3						(1.7)
(Benefit)/provision for income taxes			$	(65.7)					$	(250.2)					$	52.4

Schedule of Components of Deferred Tax Assets (Liabilities)

Significant components of deferred tax assets (liabilities) consisted of the following:

			2025						2024
Deferred tax assets:
Capital loss carryforward			$	34.6					$	34.1
Inventory write downs			5.7						1.6
Intangibles and capitalized research and development costs			306.5						273.1
Property and equipment			3.9						0.2
Share-based compensation			22.6						9.4
Nondeductible interest			22.6						23.7
Lease liabilities			10.7						10.2
Business credit carryforward			89.0						95.6
Net operating loss carryforward			17.9						11.4
Other accruals			18.0						5.6
			531.5						464.9
Valuation allowance			(94.8)						(92.4)
			436.7						372.5
Deferred tax liabilities:
Right-of-use assets			(10.2)						(9.5)
Unremitted foreign earnings			—						(14.3)
Acquisition intangibles			(22.7)						(31.0)
			(32.9)						(54.8)
Net deferred tax assets			$	403.8					$	317.7

Schedule of Reconciliation of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending balance of gross unrecognized tax benefits consisted of the following:

			2025						2024						2023
Beginning balance			$	46.5					$	43.7					$	29.8
Increase in unrecognized tax benefits related to current year tax positions			1.9						10.4						13.7
(Decrease)/increase in unrecognized tax benefits related to prior year tax positions			(2.4)						(5.3)						2.5
Decrease due to effective settlement with tax authorities			(0.4)						—						(1.1)
Remeasurement of unrecognized tax benefits			1.2						(1.0)						(0.3)
Decrease due to statute expiration			(2.2)						(1.3)						(0.9)
Ending balance			$	44.6					$	46.5					$	43.7

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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