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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jun. 27, 2015
OPERATING ACTIVITIES:      
Net income (loss) $ 166.9 $ (99.2) $ (88.1)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation expense 29.4 38.1 80.8
Amortization of acquired technologies and other intangibles 28.3 32.5 59.2
Stock-based compensation 33.2 44.0 66.9
Amortization of debt issuance costs and accretion of debt discount 34.6 28.8 27.3
Amortization of discount and premium on investments, net 0.8 0.8 3.2
Impairment of goodwill 0.0 91.4 0.0
Gain on sales of investments (203.1) (71.6) (0.1)
Loss on disposal of long-lived assets 5.7 1.5 1.1
Loss on extinguishment of debt 1.1 0.0 0.0
Other 4.8 2.1 7.1
Changes in operating assets and liabilities, net of impact of Lumentum distribution:      
Accounts receivable 24.5 23.4 (12.5)
Inventories (1.6) (2.6) (6.0)
Other current and non-currents assets (17.4) 5.1 (9.0)
Accounts payable (14.8) (2.1) (10.1)
Income taxes payable (0.2) (1.5) (21.3)
Deferred revenue, current and non-current (27.4) (2.4) 3.2
Deferred taxes, net 1.5 0.6 19.8
Accrued payroll and related expenses (15.4) (25.2) (32.4)
Accrued expenses and other current and non-current liabilities 29.1 (10.8) (6.8)
Net cash provided by operating activities 80.0 52.9 82.3
INVESTING ACTIVITIES:      
Purchases of available-for-sale investments (679.4) (422.4) (562.7)
Maturities of available-for-sale investments 470.4 395.7 574.8
Sales of available-for-sale investments 355.2 287.3 71.4
Changes in restricted cash 0.2 14.0 6.0
Acquisition of businesses, net of cash acquired 0.0 (0.9) 0.0
Capital expenditures (38.6) (35.5) (101.5)
Proceeds from the sale of assets 5.9 6.0 6.2
Net cash provided by (used in) investing activities 113.7 244.2 (5.8)
FINANCING ACTIVITIES:      
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock 0.0 35.8 0.0
Cash contribution to Lumentum Holdings Inc. 0.0 (137.6) 0.0
Proceeds from issuance of senior convertible debt 460.0 0.0 0.0
Payment of debt issuance costs (8.9) 0.0 0.0
Repurchase and retirement of common stock (92.0) (44.5) (4.8)
Payment of financing obligations (0.8) (5.9) (23.3)
Redemption of convertible debt (45.4) 0.0 0.0
Proceeds from exercise of employee stock options and employee stock purchase plan 12.4 4.5 20.8
Net cash provided by (used in) financing activities 325.3 (147.7) (7.3)
Effect of exchange rates on cash and cash equivalents 2.5 (14.4) (18.5)
Net increase in cash and cash equivalents 521.5 135.0 50.7
Cash and cash equivalents at beginning of period 482.9 347.9 [1] 297.2
Cash and cash equivalents at end of period 1,004.4 482.9 347.9 [1]
Supplemental disclosure of cash flow information      
Cash paid for interest 6.7 6.6 6.5
Cash paid for taxes $ 23.1 $ 31.8 $ 23.8
[1] Cash and cash equivalents at June 27, 2015 included $13.4 million in current assets of the discontinued operations of Lumentum Holdings Inc.