XML 27 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Jul. 01, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 5. Accumulated Other Comprehensive Income (Loss)
 The Company’s accumulated other comprehensive income (loss) consists of the accumulated net unrealized gains and losses on available-for-sale investments, foreign currency translation adjustments and change in unrealized components of defined benefit obligations.
At July 1, 2017 and July 2, 2016, the changes in accumulated other comprehensive income (loss) by component net of tax were as follows (in millions):
 
Unrealized gains (losses) 
on available-for-sale 
investments (1)
 
Foreign currency translation adjustments
 
Change in unrealized components of defined benefit
obligations, net of tax (2)
 
Total
Beginning balance as of July 2, 2016
$
104.5

 
$
(70.1
)
 
$
(24.4
)
 
$
10.0

Other comprehensive income before reclassification
92.1

 
4.8

 
0.7

 
97.6

Amounts reclassified from accumulated other comprehensive income (loss)
(201.9
)
 
—

 
1.9

 
(200.0
)
Net current period other comprehensive (loss) income
(109.8
)
 
4.8

 
2.6

 
(102.4
)
Ending balance as of July 1, 2017
$
(5.3
)
 
$
(65.3
)
 
$
(21.8
)
 
$
(92.4
)
(1)
Activity before reclassifications to the Consolidated Statements of Operations during the year ended July 1, 2017 primarily relates to a $92.6 million unrealized gain on the marketable equity securities of Lumentum held by Viavi. The amount reclassified out of accumulated other comprehensive income (loss) represents the gross realized gain from available-for-sale securities included as “gain on sale of investments" in the Consolidated Statement of Operations for the year ended July 1, 2017. There was no tax impact for the fiscal year 2017.
(2)
Activity before reclassifications to the Consolidated Statements of Operations during the year ended July 1, 2017 relates to the unrealized actuarial gain of $2.1 million, net of income tax expense of $1.4 million. The amount reclassified out of accumulated other comprehensive income (loss) represents the amortization of actuarial losses included as a component of selling, general and administrative expense (“SG&A”) in the Consolidated Statement of Operations for the year ended July 1, 2017. Refer to “Note 15. Employee Pension and Other Benefit Plans” for more details on the computation of net periodic cost for pension plans.