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Fair Value Measurements (Tables)

3 Months Ended

Oct. 02, 2021

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):

			October 2, 2021																								July 3, 2021
			Total						Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3
Assets:
Debt available-for-sale securities:																					40
Asset-backed securities			$	0.5					$	—					$	0.5					$	—					$	0.4					$	—					$	0.4					$	—
Total debt available-for-sale securities			0.5						—						0.5						—						0.4						—						0.4						—
Money market funds			635.2						635.2						—						—						408.9						408.9						—						—
Trading securities			1.6						1.6						—						—						1.6						1.6						—						—
Foreign currency forward contracts (1)			1.1						—						1.1						—						2.6						—						2.6						—
Total assets (2)			$	638.4					$	636.8					$	1.6					$	—					$	413.5					$	410.5					$	3.0					$	—
Liability:
Foreign currency forward contracts (3)			$	2.9					$	—					$	2.9					$	—					$	1.4					$	—					$	1.4					$	—
Contingent consideration (4)			4.3						—						—						4.3						4.0						—						—						4.0
Total liabilities			$	7.2					$	—					$	2.9					$	4.3					$	5.4					$	—					$	1.4					$	4.0

(1)$1.1 million and $2.6 million in prepayments and other current assets on the Company’s Consolidated Balance Sheets as of October 2, 2021 and July 3, 2021, respectively.

(2)Includes as of October 2, 2021, $626.7 million in cash and cash equivalents, $1.6 million in short-term investments, $3.0 million in restricted cash, $1.1 million in prepayments and other current assets and $6.0 million in other non-current assets on the Company’s Consolidated Balance Sheets. Includes as of July 3, 2021, $401.0 million in cash and cash equivalents, $1.6 million in short-term investments, $2.7 million in restricted cash, $2.6 million in prepayments and other current assets, and $5.6 million in other non-current assets on the Company’s Consolidated Balance Sheets.

(3)$2.9 million and $1.4 million in other current liabilities on the Company’s Consolidated Balance Sheets as of October 2, 2021 and July 3, 2021, respectively.

(4)Includes $4.3 million and $4.0 million in other current liabilities as of October 2, 2021 and July 3, 2021, 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://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=123874694&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=123874694&loc=d3e19207-110258

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- References

No definition available.

+ Details

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