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Goodwill and Acquired Intangibles, Net | 6 Months Ended
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Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangibles, Net | Goodwill and Acquired Intangibles, Net Goodwill The following table represents the change in our goodwill balance for the six and twelve month periods ended December 2024 and June 2024, respectively (in millions):
| December |  | June
| 2024 |  | 2024
Beginning balance | $ | 816.4 |  |  | $ | 816.4 |
Acquisition activity | 3.5 |  |  | — |
Ending balance | $ | 819.9 |  |  | $ | 816.4 |
Acquired Intangibles, Net The following table summarizes the net carrying amounts excluding fully amortized intangible assets (in millions, except for weighted-average life in years):
|  |  | December 2024 |  | June 2024
| Weighted Average Life in Years |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Audio and video technology | 5.6 |  | $ | 231.9 |  |  | $ | (187.0) |  |  | $ | 44.9 |  |  | $ | 231.9 |  |  | $ | (175.5) |  |  | $ | 56.4 |
Customer relationships | 4.1 |  | 159.2 |  |  | (141.6) |  |  | 17.6 |  |  | 158.2 |  |  | (134.1) |  |  | 24.1 |
Wireless connectivity technology | 5.5 |  | 247.4 |  |  | (113.1) |  |  | 134.3 |  |  | 245.5 |  |  | (90.1) |  |  | 155.4 |
Video interface technology | 3.4 |  | 133.0 |  |  | (91.6) |  |  | 41.4 |  |  | 133.0 |  |  | (85.2) |  |  | 47.8 |
Other | 5.1 |  | 26.1 |  |  | (22.3) |  |  | 3.8 |  |  | 26.1 |  |  | (21.4) |  |  | 4.7 |
Total intangible assets | 4.9 |  | $ | 797.6 |  |  | $ | (555.6) |  |  | $ | 242.0 |  |  | $ | 794.7 |  |  | $ | (506.3) |  |  | $ | 288.4 |
Certain intangible assets from June 2024 have been reclassified to conform to the current period presentation and are presented in the Other line item in the table above. The following table presents details of amortization for the periods presented (in millions):
| Three Months Ended |  | Six Months Ended
| December | December
| 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenue | $ | 20.8 |  |  | $ | 14.4 |  |  | $ | 41.6 |  |  | $ | 32.2 |
Acquired intangibles amortization | 3.8 |  |  | 3.9 |  |  | 7.6 |  |  | 9.4 |
Total amortization of intangibles | $ | 24.6 |  |  | $ | 18.3 |  |  | $ | 49.2 |  |  | $ | 41.6 |
The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of December 2024 (in millions):
Fiscal Year |  |
Remainder of 2025 |  | $ | 49.3 |
2026 |  | 85.6 |
2027 |  | 50.5 |
2028 |  | 34.3 |
2029 |  | 15.9 |
Thereafter |  | 6.4 |
Future amortization |  | $ | 242.0 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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