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Investments, Forward Contracts and Fair Value Measurements (Tables) | 9 Months Ended
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Mar. 31, 2018
Fair Value Disclosures [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 |  | 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 March 31, 2018, the Company’s available-for-sale securities were as follows (in millions):
| Amortized Cost/ Carrying Cost |  | Gross Unrealized Losses |  | Fair Value
Available-for-sale debt securities: |  |  |  |  |  |  |  |
U.S. treasuries | $ | 27.8 |  |  | $ | (0.1 | ) |  | $ | 27.7 |
U.S. agencies | 17.7 |  |  | (0.1 | ) |  | 17.6 |
Municipal bonds and sovereign debt instruments | 2.8 |  |  | (0.1 | ) |  | 2.7 |
Asset-backed securities | 30.0 |  |  | (0.4 | ) |  | 29.6 |
Corporate securities | 127.2 |  |  | (0.7 | ) |  | 126.5 |
Total available-for-sale debt securities | $ | 205.5 |  |  | $ | (1.4 | ) |  | $ | 204.1 |
Schedule of contractual maturities of available-for-sale securities | As of March 31, 2018, 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 | $ | 133.4 |  |  | $ | 133.1 |
Amounts maturing in 1 - 5 years | 71.1 |  |  | 70.3 |
Amounts maturing in more than 5 years | 1.0 |  |  | 0.7 |
Total debt available-for-sale securities | $ | 205.5 |  |  | $ | 204.1 |
Schedule of assets measured at fair value | Assets measured at fair value as of March 31, 2018 and July 1, 2017 are summarized below (in millions):
| Fair value measurement as of |  | Fair value measurement as of
| March 31, 2018 |  | July 1, 2017
| 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 | $ | 27.7 |  |  | $ | 27.7 |  |  | $ | — |  |  | $ | 56.7 |  |  | $ | 56.7 |  |  | $ | — |
U.S. agencies | 17.6 |  |  | — |  |  | 17.6 |  |  | 44.9 |  |  | — |  |  | 44.9 |
Municipal bonds and sovereign debt instruments | 2.7 |  |  | — |  |  | 2.7 |  |  | 4.4 |  |  | — |  |  | 4.4 |
Asset-backed securities | 29.6 |  |  | — |  |  | 29.6 |  |  | 71.1 |  |  | — |  |  | 71.1 |
Corporate securities | 126.5 |  |  | — |  |  | 126.5 |  |  | 326.0 |  |  | — |  |  | 326.0 |
Certificate of deposits | — |  |  | — |  |  | — |  |  | 6.0 |  |  | — |  |  | 6.0 |
Total debt available-for-sale securities | 204.1 |  |  | 27.7 |  |  | 176.4 |  |  | 509.1 |  |  | 56.7 |  |  | 452.4 |
Money market funds | 280.1 |  |  | 280.1 |  |  | — |  |  | 726.4 |  |  | 726.4 |  |  | — |
Trading securities | 1.6 |  |  | 1.6 |  |  | — |  |  | 2.0 |  |  | 2.0 |  |  | — |
Foreign currency forward contracts | 4.8 |  |  | — |  |  | 4.8 |  |  | 7.3 |  |  | — |  |  | 7.3 |
Total assets (1) | $ | 490.6 |  |  | $ | 309.4 |  |  | $ | 181.2 |  |  | $ | 1,244.8 |  |  | $ | 785.1 |  |  | $ | 459.7 |
Liability: |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts | 0.8 |  |  | — |  |  | 0.8 |  |  | 1.3 |  |  | — |  |  | 1.3 |
Total liabilities (2) | $ | 0.8 |  |  | $ | — |  |  | $ | 0.8 |  |  | $ | 1.3 |  |  | $ | — |  |  | $ | 1.3 |
(1) $277.6 million in cash and cash equivalents, $196.2 million in short-term investments, $7.4 million in restricted cash, $4.8 million in prepayments and other current assets, and $4.6 million in other non-current assets on the Company’s Consolidated Balance Sheets as of March 31, 2018. $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 prepayments and other current assets, and $5.1 million in other non-current assets on the Company’s Consolidated Balance Sheets as of July 1, 2017. (2) $0.8 million and $1.3 million in other current liabilities on the Company’s Consolidated Balance Sheets as of March 31, 2018 and July 1, 2017, respectively.

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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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