Stock-Based Compensation (Tables)

3 Months Ended

Oct. 01, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of the impact on the entity's results of operations of recording stock-based compensation by function

The impact on the Company’s results of operations of recording stock-based compensation by function for the three months ended October 1, 2016 and October 3, 2015 was as follows (in millions):



	Three Months Ended
	October 1, 2016		October 3, 2015
Cost of sales	$	1.0	$	1.2
Research and development	1.7		2.8
Selling, general and administrative	6.0		12.0
Stock-based compensation	$	8.7	$	16.0

Schedule of assumptions used to estimate the fair value of new MSU awards on the date of grant

The Company estimates the fair value of the new MSUs granted using a Monte Carlo simulation based on the assumptions described below for the following periods:



	Three Months Ended
	October 1, 2016		October 3, 2015
Volatility of common stock	35.0	%	33.0	%
Average volatility of peer companies	54.7	%	52.6	%
Average correlation coefficient of peer companies	0.1856		0.0887
Risk-free interest rate	0.8	%	0.8	%