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Acquisitions (Tables)

9 Months Ended

Mar. 29, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the adjusted purchase price (in millions):

Cash						$	198.0
Adjustments to consideration transferred						47.6
Total purchase consideration						$	245.6

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the amounts recorded for the estimated fair values of the assets acquired and liabilities assumed as of the Closing Date (in millions):

Long-term assets for product roadmap intellectual properties						$	96.8
Acquired intangible assets						85.2
Goodwill						52.3
Deferred tax asset						11.3
Net assets acquired						$	245.6

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the estimate of the intangible assets as of the Closing Date (in millions):

						Estimated Weighted Average Useful Lives in Years						Estimated Fair Value
Developed technology						3.0						$	24.5
Customer contract and related relationships						8.0						27.9
Favorable component of supply contract						1.0						19.0
Order backlog						1.0						7.0
IPR&D						7.0						6.8
Estimated fair value of acquired intangibles												$	85.2

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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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-Name Accounting Standards Codification
-Topic 805
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-Section 50
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Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period.

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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