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Fair Value Measurements (Tables) | 12 Months Ended
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Jun. 27, 2020
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value | The Company’s assets and liabilities measured at fair value for the periods presented are as follows (in millions):
| June 27, 2020 |  | June 29, 2019
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities | $ | 0.5 |  |  | $ | — |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |
Total debt available-for-sale securities | 0.5 |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Money market funds | 334.6 |  |  | 334.6 |  |  | — |  |  | — |  |  | 322.9 |  |  | 322.9 |  |  | — |  |  | — |
Trading securities | 1.4 |  |  | 1.4 |  |  | — |  |  | — |  |  | 1.5 |  |  | 1.5 |  |  | — |  |  | — |
Foreign currency forward contracts (1) | 2.2 |  |  | — |  |  | 2.2 |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |  |  | — |
Total assets (2) | $ | 338.7 |  |  | $ | 336.0 |  |  | $ | 2.7 |  |  | $ | — |  |  | $ | 326.2 |  |  | $ | 324.4 |  |  | $ | 1.8 |  |  | $ | — |
Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts (3) | $ | 1.5 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 4.0 |  |  | $ | — |  |  | $ | 4.0 |  |  | $ | — |
Contingent consideration (4) | 9.9 |  |  | — |  |  | — |  |  | 9.9 |  |  | 38.4 |  |  | — |  |  | — |  |  | 38.4 |
Total liabilities | $ | 11.4 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | 9.9 |  |  | $ | 42.4 |  |  | $ | — |  |  | $ | 4.0 |  |  | $ | 38.4 |
(1) | $2.2 million and $1.2 million in prepayments and other current assets on the Company’s Consolidated Balance Sheets as of June 27, 2020 and June 29, 2019, respectively.
(2) | Includes as of June 27, 2020, $327.2 million in cash and cash equivalents, $1.4 million in short-term investments, $3.4 million in restricted cash, $2.2 million in prepayments and other current assets, and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets. Includes as of June 29, 2019, $315.5 million in cash and cash equivalents, $1.5 million in short-term investments, $3.5 million in restricted cash, $1.2 million in prepayments and other current assets and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets.
(3) | Includes $1.5 million and $4.0 million in other current liabilities on the Company’s Consolidated Balance Sheets as of June 27, 2020 and June 29, 2019, respectively.
(4) Includes $9.4 million and $37.7 million in other non-current liabilities and $0.5 million and $0.7 million in other current liabilities as of June 27, 2020 and June 29, 2019, respectively.
Schedule of Changes in Fair Value of Level 3 Liabilities | The following table provides a reconciliation of changes in fair value of the Company’s Level 3 liabilities for the year ended June 27, 2020 and June 29, 2019, as follows (in millions):
| RPC |  | Other (1) |  | Total
Balance: June 30, 2018 | $ | — |  |  | $ | — |  |  | $ | — |
Additions to Contingent Consideration | 36.2 |  |  | 8.1 |  |  | 44.3 |
Change in Fair Value measurement | (5.9 | ) |  | — |  |  | (5.9 | )
Balance: June 29, 2019 | $ | 30.3 |  |  | $ | 8.1 |  |  | $ | 38.4 |
Additions to Contingent Consideration | — |  |  | 3.7 |  |  | 3.7 |
Change in Fair Value measurement | (29.6 | ) |  | (1.9 | ) |  | (31.5 | )
Payments of Contingent Consideration | (0.7 | ) |  | — |  |  | (0.7 | )
Balance June 27, 2020 | $ | — |  |  | $ | 9.9 |  |  | $ | 9.9 |
(1) See Note 5. Acquisitions and of the Notes to the Company’s Consolidated Financial Statements for more detail.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
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