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Segment and Other Information (Tables)

12 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Schedule of Segment Net Income (Loss)

The following table presents the calculation of segment net income as follows:

			2025						2024						2023
Revenue			$	1,074.3					$	959.4					$	1,355.1
Adjusted cost of revenue (1)			498.1						451.1						540.2
Adjusted operating expenses (2)			398.7						380.2						396.0
Stock-based compensation			112.8						118.9						122.6
Intangible asset amortization			114.2						81.6						130.4
Interest and other expense, net			10.2						20.4						25.7
Income tax expense (benefit)			(65.7)						(250.2)						52.4
Other segment expenses (3)			53.8						31.8						14.2
Segment net income (loss)			$	(47.8)					$	125.6					$	73.6
Consolidated net income (loss)			$	(47.8)					$	125.6					$	73.6

(1) Adjusted cost of revenue is cost of revenue adjusted for intangible asset amortization and stock-based compensation as follows:

			2025						2024						2023
Cost of revenue			$	593.9					$	519.6					$	639.2
Less:
Intangible asset amortization			97.5						64.3						95.0
Stock-based compensation			(1.7)						4.2						4.0
Adjusted cost of revenue			$	498.1					$	451.1					$	540.2

(2) Adjusted operating expenses is operating expenses comprised of research and development and general and administrative expenses adjusted for stock-based compensation, intangible asset amortization, restructuring and impairment related charges as follows:

						2025						2024						2023
Operating expenses						$	574.5					$	541.4					$	561.6
Less:
Stock-based compensation						114.5						114.7						118.6
Intangible asset amortization						16.7						17.3						35.4
Impairment charges						13.8						16.0						—
Restructuring costs						16.9						10.5						—
Other						13.9						2.7						11.6
Adjusted operating expenses						$	398.7					$	380.2					$	396.0

(3) Other segment expenses primarily include impairment charges, legal and vendor related charges and settlements, amortization of debt issuance costs and loss on early extinguishment of debt.

Schedule of Long-Lived Assets within Geographic Areas

Long-lived assets by geographic area were as follows:

			2025						2024
North America			$	559.5					$	523.1
EMEA			453.6						499.3
Asia Pacific			238.7						204.7
			$	1,251.8					$	1,227.1

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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