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Goodwill and Acquired Intangibles, Net (Tables)
6 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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):
DecemberJune
20242024
Beginning balance$816.4 $816.4 
Acquisition activity3.5 — 
Ending balance$819.9 $816.4 
Summary of Net Carrying Amounts Excluding Fully Amortized Intangible Assets
The following table summarizes the net carrying amounts excluding fully amortized intangible assets (in millions, except for weighted-average life in years):
 December 2024June 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 technology5.6$231.9 $(187.0)$44.9 $231.9 $(175.5)$56.4 
Customer relationships4.1159.2 (141.6)17.6 158.2 (134.1)24.1 
Wireless connectivity technology5.5247.4 (113.1)134.3 245.5 (90.1)155.4 
Video interface technology3.4133.0 (91.6)41.4 133.0 (85.2)47.8 
Other5.126.1 (22.3)3.8 26.1 (21.4)4.7 
Total intangible assets4.9$797.6 $(555.6)$242.0 $794.7 $(506.3)$288.4 
Schedule of Amortization of Intangibles
The following table presents details of amortization for the periods presented (in millions):
Three Months EndedSix Months Ended
DecemberDecember
2024202320242023
Cost of revenue $20.8 $14.4 $41.6 $32.2 
Acquired intangibles amortization3.8 3.9 7.6 9.4 
Total amortization of intangibles$24.6 $18.3 $49.2 $41.6 
Schedule of Expected Annual Aggregate Amortization Expense
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 
202685.6 
202750.5 
202834.3 
202915.9 
Thereafter6.4 
Future amortization$242.0