XML 101 R87.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes - Components of Net Deferred Taxes (Details) - USD ($)
$ in Millions
Jul. 03, 2021
Jun. 27, 2020
Jun. 29, 2019
Gross deferred tax assets:      
Tax credit carryforwards $ 135.7 $ 159.5 $ 164.3
Net operating loss carryforwards 536.1 1,118.6 1,206.9
Capital loss carryforwards 1.1 63.9 63.9
Inventories 28.9 20.3 9.6
Accruals and reserves 66.5 61.6 55.6
Intangibles including acquisition-related items 632.4 45.1 42.1
Capitalized research costs 15.7 72.0 0.0
Other 66.1 44.6 43.1
Gross deferred tax assets 1,482.5 1,585.6 1,585.5
Valuation allowance (1,295.9) (1,405.5) (1,405.3)
Deferred tax assets 186.6 180.1 180.2
Gross deferred tax liabilities:      
Acquisition-related items (29.1) (31.8) (33.5)
Tax on unrepatriated earnings (18.4) (15.6) (1.8)
Foreign branch taxes (22.3) (21.4) (22.0)
Other (31.9) (29.8) (29.1)
Deferred tax liabilities (101.7) (98.6) (86.4)
Total net deferred tax assets $ 84.9 $ 81.5 $ 93.8