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v3.22.2.2

Acquisitions (Tables) | 12 Months Ended
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Jul. 02, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Changes in Earn-out Liabilities | The following table provides a reconciliation of changes in fair value of the Company’s earn-out liabilities for the years ended July 2, 2022 and July 3, 2021, as follows (in millions):
|  |  |  |  | Total
Balance: June 27, 2020 |  |  |  |  | $ | 9.9 |
Change in Fair Value measurement |  |  |  |  | (4.7) |
Payments of Contingent Consideration |  |  |  |  | (1.2) |
Balance July 3, 2021(1) |  |  |  |  | $ | 4.0 |
Additions to Contingent Consideration |  |  |  |  | 2.5 |
Change in Fair Value measurement |  |  |  |  | 0.3 |
Currency translation adjustment |  |  |  |  | 0.1 |
Payments of Contingent Consideration |  |  |  |  | (4.4) |
Balance July 2, 2022(2) |  |  |  |  | $ | 2.5 |
(1) Amount is included in other current liabilities in the Consolidated Balance Sheets. (2) Includes $1.8 million in other current liabilities and $0.7 million in other non-current liabilities in the Consolidated Balance Sheets. The Company’s assets and liabilities measured at fair value for the periods presented are as follows (in millions):
| July 2, 2022 |  | July 3, 2021
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities(1) | $ | 0.6 |  |  | $ | — |  |  | $ | 0.6 |  |  | $ | — |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | 0.4 |  |  | $ | — |
Total debt available-for-sale securities | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |  |  | — |
Money market funds(2) | 313.2 |  |  | 313.2 |  |  | — |  |  | — |  |  | 408.9 |  |  | 408.9 |  |  | — |  |  | — |
Trading securities(3) | 1.4 |  |  | 1.4 |  |  | — |  |  | — |  |  | 1.6 |  |  | 1.6 |  |  | — |  |  | — |
Foreign currency forward contracts(4) | 3.8 |  |  | — |  |  | 3.8 |  |  | — |  |  | 2.6 |  |  | — |  |  | 2.6 |  |  | — |
Total assets | $ | 319.0 |  |  | $ | 314.6 |  |  | $ | 4.4 |  |  | $ | — |  |  | $ | 413.5 |  |  | $ | 410.5 |  |  | $ | 3.0 |  |  | $ | — |
Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts(5) | 8.4 |  |  | $ | — |  |  | $ | 8.4 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | — |
Contingent consideration(6) | 2.5 |  |  | — |  |  | — |  |  | 2.5 |  |  | 4.0 |  |  | — |  |  | — |  |  | 4.0 |
Total liabilities | $ | 10.9 |  |  | $ | — |  |  | $ | 8.4 |  |  | $ | 2.5 |  |  | $ | 5.4 |  |  | $ | — |  |  | $ | 1.4 |  |  | $ | 4.0 |
(1) Included in other non-current assets on the Company’s Consolidated Balance Sheets. (2) Includes as of July 2, 2022, $301.5 million in cash and cash equivalents, $3.1 million in restricted cash, and $8.6 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, $2.7 million in restricted cash, and $5.2 million in other non-current assets on the Company’s Consolidated Balance Sheets. (3) Included in short-term investments on the Company’s Consolidated Balance Sheets. (4) Included in other current assets on the Company’s Consolidated Balance Sheets. (5) Included in other current liabilities on the Company’s Consolidated Balance Sheets. (6) As of July 2,2022, includes certain amounts in other current liabilities and other non-current liabilities on the Company’s Consolidated Balance Sheets. As of July 3, 2021 balance included in other current liabilities on the Company’s Consolidated Balance Sheets.

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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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
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