XML 60 R46.htm IDEA: XBRL DOCUMENT v3.21.2

Operating Segments and Geographic Information (Tables)

12 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Schedule of Information on Reportable Segments

Information on the Company’s reportable segments is as follows (in millions):

			Year Ended July 3, 2021
			Network and Service Enablement
			Network Enablement						Service Enablement						Network and Service Enablement						Optical Security and Performance Products												Other Items						Consolidated GAAP Measures
Product revenue			$	650.5					$	40.6					$	691.1					$	360.3											$	—					$	1,051.4
Service revenue			96.1						50.7						146.8						0.7												—						147.5
Net revenue			$	746.6					$	91.3					$	837.9					$	361.0											$	—					$	1,198.9
Gross profit			474.2						59.9						534.1						218.1												(37.8)						714.4
Gross margin			63.5		%				65.6		%				63.7		%				60.4		%																59.6		%
Operating income															92.2						161.3												(111.3)						142.2
Operating margin															11.0		%				44.7		%																11.9		%
			Year Ended June 27, 2020
			Network and Service Enablement
			Network Enablement						Service Enablement						Network and Service Enablement						Optical Security and Performance Products												Other Items						Consolidated GAAP Measures
Product revenue			$	669.1					$	49.9					$	719.0					$	286.2											$	—					$	1,005.2
Service revenue			77.6						52.8						130.4						0.7												—						131.1
Net revenue			$	746.7					$	102.7					$	849.4					$	286.9											$	—					$	1,136.3
Gross profit			482.4						68.8						551.2						153.0												(38.9)						665.3
Gross margin			64.6		%				67.0		%				64.9		%				53.3		%																58.5		%
Operating income															108.8						102.1												(92.8)						118.1
Operating margin															12.8		%				35.6		%																10.4		%
			Year Ended June 29, 2019
			Network and Service Enablement
			Network Enablement						Service Enablement						Network and Service Enablement						Optical Security and Performance Products												Other Items						Consolidated GAAP Measures
Product revenue			$	666.2					$	49.7					$	715.9					$	288.3											$	—					$	1,004.2
Service revenue			71.6						53.7						125.3						0.8												—						126.1
Net revenue			$	737.8					$	103.4					$	841.2					$	289.1											$	—					$	1,130.3
Gross profit			473.3						71.0						544.3						145.8												(38.7)						651.4
Gross margin			64.2		%				68.7		%				64.7		%				50.4		%																57.6		%
Operating income															99.6						98.0												(130.2)						67.4
Operating margin															11.8		%				33.9		%																6.0		%

			Years Ended
			July 3, 2021						June 27, 2020						June 29, 2019
Corporate reconciling items impacting gross profit:
Total segment gross profit			$	752.2					$	704.2					$	690.1
Stock-based compensation			(4.8)						(4.3)						(3.8)
Amortization of intangibles			(33.2)						(32.7)						(34.4)
Other charges unrelated to core operating performance			0.2						(1.9)						(0.5)
GAAP gross profit			$	714.4					$	665.3					$	651.4
Corporate reconciling items impacting operating income:
Total segment operating income			$	253.5					$	210.9					$	197.6
Stock-based compensation			(48.3)						(44.6)						(38.2)
Amortization of intangibles			(66.5)						(67.8)						(72.5)
Change in fair value of contingent liability (3)			5.3						31.5						5.9
Other charges unrelated to core operating performance (1)(2)			(3.4)						(8.4)						(10.0)
Restructuring and related charges			1.6						(3.5)						(15.4)
GAAP operating income from continuing operations			$	142.2					$	118.1					$	67.4

(1)During the years ended June 27, 2020, other charges unrelated to core operating performance primarily consisted of $1.4 million in acquisition related costs.

(2)During the years ended June 29, 2019, other charges unrelated to core operating performance primarily consisted of a $5.0 million in acquisition related costs.

(3)Refer to “Note 8. Fair Value Measurements” for further detail.

The following table presents net revenue by the three geographic regions the Company operates in and net revenue from countries that exceeded 10% of the Company’s total net revenue (in millions):

			Years Ended
			July 3, 2021																		June 27, 2020																		June 29, 2019
			Product Revenue						Service Revenue						Total						Product Revenue						Service Revenue						Total						Product Revenue						Service Revenue						Total
Americas:
United States			$	275.8					$	54.2					$	330.0					$	288.3					$	53.3					$	341.6					$	287.1					$	55.0					$	342.1
Other Americas			72.7						12.9						85.6						57.8						15.4						73.2						69.4						14.8						84.2
Total Americas			$	348.5					$	67.1					$	415.6					$	346.1					$	68.7					$	414.8					$	356.5					$	69.8					$	426.3
Asia-Pacific:
Greater China			$	265.8					$	11.2					$	277.0					$	238.2					$	7.5					$	245.7					$	209.4					$	7.2					$	216.6
Other Asia			118.5						15.0						133.5						108.0						14.5						122.5						142.3						13.3						155.6
Total Asia-Pacific			$	384.3					$	26.2					$	410.5					$	346.2					$	22.0					$	368.2					$	351.7					$	20.5					$	372.2
EMEA:
Switzerland			$	76.2					$	0.4					$	76.6					$	64.5					$	0.1					$	64.6					$	97.0					$	—					$	97.0
Other EMEA			242.4						53.8						296.2						248.4						40.3						288.7						199.0						35.8						234.8
Total EMEA			$	318.6					$	54.2					$	372.8					$	312.9					$	40.4					$	353.3					$	296.0					$	35.8					$	331.8
Total net revenue			$	1,051.4					$	147.5					$	1,198.9					$	1,005.2					$	131.1					$	1,136.3					$	1,004.2					$	126.1					$	1,130.3

SICPA Holding SA Company (SICPA), served by the Company’s OSP segment, generated more than 10% of VIAVI net revenue from continuing operations during fiscal 2021, 2020 and 2019 as summarized below (in millions):

			Years Ended
			July 3, 2021						June 27, 2020						June 29, 2019
SICPA - OSP customer			$	193.9					$	139.9					$	161.1

Property, plant and equipment, net was identified based on the operations in the corresponding geographic areas (in millions):

			Years Ended
			July 3, 2021						June 27, 2020
United States			$	109.4					$	85.0
Other Americas			2.0						1.6
China			45.4						43.8
Other Asia-Pacific			5.4						5.8
United Kingdom			27.3						30.1
Other EMEA			6.5						6.2
Total property, plant and equipment, net			$	196.0					$	172.5

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration