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Investments and Fair Value Measurements (Tables) | 12 Months Ended
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Jul. 01, 2017
Investments and Fair Value Measurements [Abstract] |
Schedule of available-for-sale securities | As of July 1, 2017, the Company’s available-for-sale securities were as follows (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 56.8 |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | 56.7 |
U.S. agencies | 45.0 |  |  | — |  |  | (0.1 | ) |  | 44.9 |
Municipal bonds and sovereign debt instruments | 4.4 |  |  | — |  |  | — |  |  | 4.4 |
Asset-backed securities | 71.5 |  |  | — |  |  | (0.4 | ) |  | 71.1 |
Corporate securities | 326.1 |  |  | 0.1 |  |  | (0.2 | ) |  | 326.0 |
Certificates of deposit | 6.0 |  |  | — |  |  | — |  |  | 6.0 |
Total available-for-sale securities | $ | 509.8 |  |  | $ | 0.1 |  |  | $ | (0.8 | ) |  | $ | 509.1 |
As of July 2, 2016, the Company’s available-for-sale securities were as follows (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Debt securities: |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 46.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 46.1 |
U.S. agencies | 24.9 |  |  | — |  |  | — |  |  | 24.9 |
Municipal bonds and sovereign debt instruments | 2.0 |  |  | — |  |  | — |  |  | 2.0 |
Asset-backed securities | 50.4 |  |  | 0.1 |  |  | (0.3 | ) |  | 50.2 |
Corporate securities | 224.5 |  |  | 0.2 |  |  | (0.1 | ) |  | 224.6 |
Total debt securities | 347.9 |  |  | 0.3 |  |  | (0.4 | ) |  | 347.8 |
Marketable equity securities | 62.1 |  |  | 109.2 |  |  | — |  |  | 171.3 |
Total available-for-sale securities | $ | 410.0 |  |  | $ | 109.5 |  |  | $ | (0.4 | ) |  | $ | 519.1 |
Schedule of gross unrealized losses on available-for-sale securities | As of July 2, 2016, the Company’s total gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument, were as follows (in millions):
| Less than 12 Months |  | Greater than 12 Months |  | Total
Asset-backed securities | $ | — |  |  | $ | (0.3 | ) |  | $ | (0.3 | )
Corporate securities | (0.1 | ) |  | — |  |  | (0.1 | )
Total gross unrealized losses | $ | (0.1 | ) |  | $ | (0.3 | ) |  | $ | (0.4 | )
As of July 1, 2017, the Company’s total gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument, were as follows (in millions):
| Less than 12 Months |  | Greater than 12 Months |  | Total
U.S. treasuries and agencies | $ | (0.2 | ) |  | — |  |  | $ | (0.2 | )
Asset-backed securities | (0.1 | ) |  | $ | (0.3 | ) |  | $ | (0.4 | )
Corporate securities | (0.2 | ) |  | — |  |  | (0.2 | )
Total gross unrealized losses | $ | (0.5 | ) |  | $ | (0.3 | ) |  | $ | (0.8 | )
Schedule of contractual maturities of available-for-sale securities | As of July 1, 2017, contractual maturities of the Company’s debt securities classified as available-for-sale securities were as follows (in millions):
| Amortized Cost/Carrying Cost |  | Estimated Fair Value
Amounts maturing in less than 1 year | $ | 365.3 |  |  | $ | 365.2 |
Amounts maturing in 1 - 5 years | 143.5 |  |  | 143.2 |
Amounts maturing in more than 5 years | 1.0 |  |  | 0.7 |
Total debt available-for-sale securities | $ | 509.8 |  |  | $ | 509.1 |
Schedule of assets measured at fair value | Assets measured at fair value as of July 1, 2017 and July 2, 2016 are summarized below (in millions):
| Fair Value Measurement as of |  | Fair Value Measurement as of
| July 1, 2017 |  | July 2, 2016
| Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Total |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasuries | $ | 56.7 |  |  | $ | 56.7 |  |  | $ | — |  |  | $ | 46.1 |  |  | $ | 46.1 |  |  | $ | — |
U.S. agencies | 44.9 |  |  | — |  |  | 44.9 |  |  | 24.9 |  |  | — |  |  | 24.9 |
Municipal bonds and sovereign debt instruments | 4.4 |  |  | — |  |  | 4.4 |  |  | 2.0 |  |  | — |  |  | 2.0 |
Asset-backed securities | 71.1 |  |  | — |  |  | 71.1 |  |  | 50.2 |  |  |  |  | 50.2 |
Corporate securities | 326.0 |  |  | — |  |  | 326.0 |  |  | 224.6 |  |  | — |  |  | 224.6 |
Certificate of deposits | 6.0 |  |  | — |  |  | 6.0 |  |  | — |  |  |  |  |
Total debt available-for-sale securities | 509.1 |  |  | 56.7 |  |  | 452.4 |  |  | 347.8 |  |  | 46.1 |  |  | 301.7 |
Marketable equity securities | — |  |  | — |  |  | — |  |  | 171.3 |  |  | 171.3 |  |  | — |
Money market funds | 726.4 |  |  | 726.4 |  |  | — |  |  | 274.4 |  |  | 274.4 |  |  | — |
Trading securities | 2.0 |  |  | 2.0 |  |  | — |  |  | 2.4 |  |  | 2.4 |  |  | — |
Foreign currency forward contracts | 7.3 |  |  | — |  |  | 7.3 |  |  | — |  |  |  |  |
Total assets (1) | $ | 1,244.8 |  |  | $ | 785.1 |  |  | $ | 459.7 |  |  | $ | 795.9 |  |  | $ | 494.2 |  |  | $ | 301.7 |
Liability: |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts | 1.3 |  |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | — |
Total liabilities (2) | $ | 1.3 |  |  | $ | — |  |  | $ | 1.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
(1) | $789.2 million in cash and cash equivalents, $432.2 million in short-term investments, $11.0 million in restricted cash, $7.3 million in other current assets, and $5.1 million in other non-current assets on the Company’s Consolidated Balance Sheets as of July 1, 2017. $295.4 million in cash and cash equivalents, $484.7 million in short-term investments, $11.3 million in restricted cash, and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets as of July 2, 2016.
(2) | $1.3 million in other current liabilities on the Company’s Consolidated Balance Sheets as of July 1, 2017.

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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