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Balance Sheet and Other Details (Tables)
 12 Months Ended
Jul. 03, 2021
Balance Sheet and Other Details  
Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue
The following tables summarize the activity related to deferred revenue, for the year ended July 3, 2021 (in millions):
July 3, 2021
Deferred revenue:
Balance at beginning of period$74.6 
Revenue deferrals for new contracts (1)
125.7 
Revenue recognized during the period (2)
(110.8)
Balance at end of period (3)
$89.5 
Short-term deferred revenue$69.7 
Long-term deferred revenue$19.8 
(1)Included in these amounts is the impact from foreign currency exchange rate fluctuations.
(2)Revenue recognized during the period represents releases from the balance at the beginning of the period as well as releases from the following period quarter-end deferrals.
(3)The long-term portion of deferred revenue is included as a component of Other non-current liabilities.
Activities and Balances for Allowance for Doubtful Accounts
The table below presents the activities and balances for allowance for doubtful accounts, as follows (in millions):
Balance at Beginning of PeriodCharged to Costs and ExpensesDeduction (1)Balance at
End of Period
Year Ended July 3, 2021$3.0 $1.1 $(2.1)$2.0 
Year Ended June 27, 20202.0 2.0 (1.0)3.0 
Year Ended June 29, 20192.4 1.4 (1.8)2.0 
(1)Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.
Schedule of Components of Inventories
The following table presents the components of inventories, net, as follows (in millions):
July 3, 2021June 27, 2020
Finished goods$41.0 $30.0 
Work in process16.6 22.5 
Raw materials37.3 30.8 
Inventories, net$94.9 $83.3 
Schedule of Components of Prepayments and Other Current Assets
The following table presents the components of prepayments and other current assets, as follows (in millions):
July 3, 2021June 27, 2020
Prepayments$13.4 $10.9 
Assets held for sale6.5 2.5 
Advances to contract manufacturers10.1 7.3 
Refundable income taxes5.9 10.8 
Transaction tax receivables13.2 10.6 
Other current assets7.9 8.7 
Prepayments and other current assets$57.0 $50.8 
Schedule of Components of Property, Plant and Equipment
The following table presents the components of property, plant and equipment, net, as follows (in millions):
July 3, 2021June 27, 2020
Land$19.9 $16.8 
Buildings and improvements34.8 22.9 
Machinery and equipment325.3 298.5 
Furniture, fixtures, software and office equipment74.3 74.3 
Leasehold improvements69.5 66.8 
Construction in progress30.1 15.6 
Property, plant and equipment, gross553.9 494.9 
Less: Accumulated depreciation and amortization
(357.9)(322.4)
Property, plant and equipment, net$196.0 $172.5 
Schedule of Components of Other Current Liabilities
The following table presents the components of other current liabilities, as follows (in millions):
July 3, 2021June 27, 2020
Customer prepayments$0.4 $0.5 
Restructuring accrual0.5 6.5
Income tax payable22.6 10.7 
Warranty accrual4.3 4.6 
Transaction tax payable4.9 3.2 
Operating lease liabilities (Note 12)
11.6 11.7 
Other12.8 11.2 
Other current liabilities$57.1 $48.4 
Schedule of Components of Other Non-current Liabilities
The following table presents the components of other non-current liabilities, as follows (in millions):
July 3, 2021June 27, 2020
Pension and post-employment benefits$97.0 $102.7 
Deferred tax liability24.3 23.9 
Financing obligation16.1 16.2 
Fair value of contingent consideration (1)
— 9.4 
Long-term deferred revenue19.8 20.0 
Operating lease liabilities (Note 12)
30.8 28.1 
Uncertain tax position18.3 11.6 
Warranty accrual5.4 4.8 
Other14.3 14.5 
Other non-current liabilities$226.0 $231.2 
(1)See “Note 5. Acquisitions” and “Note 8. Fair Value Measurements” of the Notes to the Company’s Consolidated Financial Statements for more detail.
Schedule of Components of Interest and Other Income (Expense), Net
The following table presents the components of interest income and other income, net, as follows (in millions):
Years Ended
July 3, 2021June 27, 2020June 29, 2019
Interest income$2.9 $7.1 $8.1 
Foreign exchange gain (loss), net— 2.1 (2.9)
Other income, net0.4 0.5 1.5 
Loss on sale of investments— (0.1)(0.5)
Interest income and other income, net$3.3 $9.6 $6.2