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Discontinued Operations (Tables)
 12 Months Ended
Jul. 02, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table presents supplemental cash flow information: depreciation expense, amortization expense, stock-based compensation expense and capital expenditures of the Lumentum business (in millions):
 
Years Ended
 
July 2, 2016
 
June 27, 2015
 
June 28, 2014
Operating activities:
 
 
 
 
 
Depreciation expense
$
3.7

 
$
43.4

 
$
36.3

Amortization expense
0.6

 
7.9

 
9.3

Stock-based compensation expense
1.6

 
19.4

 
19.4

Investing activities:
 
 
 
 
 
Capital expenditures
$
5.8

 
$
55.9

 
$
64.0

The following table summarizes results from discontinued operations of the Lumentum business included in the Consolidated Statement of Operations (in millions):
 
Years Ended
 
July 2, 2016
 
June 27, 2015
 
June 28, 2014
Net revenues
$
66.5

 
$
835.2

 
$
816.3

Cost of revenues
49.8

 
569.1

 
550.7

Amortization of acquired technologies
0.6

 
7.5

 
9.1

Gross profit
16.1

 
258.6

 
256.5

Operating expenses:
 
 
 
 
 
Research and development
12.5

 
139.9

 
134.2

Selling, general and administrative
24.7

 
87.5

 
65.9

Restructuring charges
0.1

 
7.7

 
2.5

Total operating expenses
37.3

 
235.1

 
202.6

Income (loss) from operations
(21.2
)
 
23.5

 
53.9

Interest and other income (expense), net
—

 
(1.1
)
 
1.0

Income (loss) before income taxes
(21.2
)
 
22.4

 
54.9

(Benefit from) provision for income taxes
27.8

 
(20.9
)
 
(1.9
)
Net income (loss) from discontinued operations (1)
$
(49.0
)
 
$
43.3

 
$
56.8



(1)  No income or expense relating to the Lumentum business was recorded after the Separation Date.
The following table presents the carrying amounts of the major classes of the assets and liabilities of the Lumentum business which are presented as discontinued operation on the Consolidated Balance Sheets (in millions).
 
June 27, 2015
Assets:
 
Cash and cash equivalents
$
13.4

Accounts receivable, net
150.2

Inventories, net
100.0

Prepayments and other current assets
46.6

Current assets of discontinued operations
310.2

Property, plant and equipment, net
145.4

Goodwill
5.6

Intangibles, net
21.8

Other non-current assets
31.4

 Non-current assets of discontinued operations
204.2

Total assets of discontinued operations
$
514.4

Liabilities:
 
Accounts payable
$
79.1

Accrued payroll and related expenses
18.3

Income taxes payable
3.7

Accrued expenses
17.5

Other current liabilities
11.4

Current liabilities of discontinued operations
130.0

Non-current liabilities of discontinued operations
10.9

Total liabilities of discontinued operations
$
140.9