Note 6. Balance Sheet and Other Details

Accounts receivable reserves and allowances

The components of accounts receivable reserves and allowances were as follows (in millions):



	July 1, 2017		July 2, 2016
Allowance for doubtful accounts	$	1.6	$	2.2
Sales allowance	3.4		2.5
Total accounts receivable reserves and allowances	$	5.0	$	4.7

The activities and balances for allowance for doubtful accounts are as follows (in millions):



	Balance at Beginning of Period		Charged to Costs and Expenses			Deduction (1)			Balance at End of Period
Year Ended July 1, 2017	$	2.2	$	(0.2	)	$	(0.4	)	$	1.6
Year Ended July 2, 2016	2.4		0.3			(0.5		)	2.2
Year Ended June 27, 2015	2.9		0.3			(0.8		)	2.4

(1) Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.

Inventories, net

The components of inventories, net were as follows (in millions):

Prepayments and other current assets

The components of prepayments and other current assets were as follows (in millions):



	July 1, 2017		July 2, 2016
Prepayments	$	8.3	$	10.4
Other current assets	42.5		21.7
Prepayments and other current assets	$	50.8	$	32.1

Property, plant and equipment, net

The components of property, plant and equipment, net were as follows (in millions):



	July 1, 2017			July 2, 2016
Land	$	14.5		$	14.6
Buildings and improvements	31.4			32.4
Machinery and equipment	225.8			218.7
Furniture, fixtures, software and office equipment	111.2			120.5
Leasehold improvements	58.1			54.3
Construction in progress	17.8			10.3
Property, plant and equipment, gross	458.8			450.8
Less: Accumulated depreciation	(321.9		)	(317.8		)
Property, plant and equipment, net	$	136.9		$	133.0

Other current liabilities

The components of other current liabilities were as follows (in millions):

Other non-current liabilities

The components of other non-current liabilities were as follows (in millions):



	July 1, 2017		July 2, 2016
Pension and post-employment benefits	$	99.4	$	103.0
Financing obligation	27.8		28.7
Long-term deferred revenue	14.0		22.7
Other	22.7		24.7
Other non-current liabilities	$	163.9	$	179.1

Interest and other income, net

The components of interest and other income, net were as follows (in millions):



	Years Ended
	July 1, 2017			July 2, 2016			June 27, 2015
Interest income	$	11.1		5.9			$	4.6
Foreign exchange gains (loss), net	0.9			(2.6		)	(3.8		)
Proceeds from Nortel (1)	—			—			2.2
Loss on extinguishment of debt (2)	(1.1		)	—			—
Other income (expense), net	2.2			(0.8		)	0.7
Interest and other income, net	$	13.1		$	2.5		$	3.7


(1)	During fiscal 2015, the Company received proceeds of $2.2 million from the Fair Fund established to provide compensation for losses incurred in connection with investments in Nortel Networks Corporation (“Nortel”) securities from the SEC’s claims against Nortel.


(2)	During fiscal 2017, the Company repurchased $40.0 million aggregate principal amount of the 2033 Notes for $45.4 million in cash. In connection with the repurchase, a loss on extinguishment of $1.1 million was recognized. Refer to “Note 10. Debt” for more information.