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Operating Segments and Geographic Information (Tables)

12 Months Ended

Jul. 02, 2022

Segment Reporting [Abstract]

Schedule of Information on Reportable Segments

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

			Year Ended July 2, 2022
			Network and Service Enablement
			Network Enablement						Service Enablement						Network and Service Enablement						Optical Security and Performance Products												Other Items						Consolidated GAAP Measures
Product revenue			$	739.7					$	53.0					$	792.7					$	342.8											$	—					$	1,135.5
Service revenue			106.1						50.3						156.4						0.5												—						156.9
Net revenue			$	845.8					$	103.3					$	949.1					$	343.3											$	—					$	1,292.4
Gross profit			543.6						71.5						615.1						193.6												(35.2)						773.5
Gross margin			64.3		%				69.2		%				64.8		%				56.4		%																59.8		%
Operating income															147.8						139.0												(101.8)						185.0
Operating margin															15.6		%				40.5		%																14.3		%
			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		%

			Years Ended
			July 2, 2022						July 3, 2021						June 27, 2020
Corporate reconciling items impacting gross profit:
Total segment gross profit			$	808.7					$	752.2					$	704.2
Stock-based compensation			(5.2)						(4.8)						(4.3)
Amortization of intangibles			(30.0)						(33.2)						(32.7)
Other (charges) benefits unrelated to core operating performance(1)			—						0.2						(1.9)
GAAP gross profit			$	773.5					$	714.4					$	665.3
Corporate reconciling items impacting operating income:
Total segment operating income			$	286.8					$	253.5					$	210.9
Stock-based compensation			(52.3)						(48.3)						(44.6)
Amortization of intangibles			(39.7)						(66.5)						(67.8)
Change in fair value of contingent liability			(0.3)						5.3						31.5
Other charges unrelated to core operating performance(1)			(9.6)						(3.4)						(8.4)
Restructuring and related benefits (charges)			0.1						1.6						(3.5)
GAAP operating income from continuing operations			$	185.0					$	142.2					$	118.1

(1) During the years ended July 2, 2022, July 3, 2021, and June 27, 2020 other (charges) benefits unrelated to core operating performance primarily consisted of certain acquisition and integration related charges, transformational initiatives such as site consolidations, reorganization, and loss on disposal of long-lived assets.

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 2, 2022																		July 3, 2021																		June 27, 2020
			Product Revenue						Service Revenue						Total						Product Revenue						Service Revenue						Total						Product Revenue						Service Revenue						Total
Americas:
United States			$	332.5					$	56.4					$	388.9					$	275.8					$	54.2					$	330.0					$	288.3					$	53.3					$	341.6
Other Americas			82.2						14.6						96.8						72.7						12.9						85.6						57.8						15.4						73.2
Total Americas			$	414.7					$	71.0					$	485.7					$	348.5					$	67.1					$	415.6					$	346.1					$	68.7					$	414.8
Asia-Pacific:
Greater China			$	247.5					$	8.9					$	256.4					$	265.8					$	11.2					$	277.0					$	238.2					$	7.5					$	245.7
Other Asia			185.2						20.1						205.3						118.5						15.0						133.5						108.0						14.5						122.5
Total Asia-Pacific			$	432.7					$	29.0					$	461.7					$	384.3					$	26.2					$	410.5					$	346.2					$	22.0					$	368.2
EMEA:
Switzerland			$	62.4					$	0.3					$	62.7					$	76.2					$	0.4					$	76.6					$	64.5					$	0.1					$	64.6
Other EMEA			225.7						56.6						282.3						242.4						53.8						296.2						248.4						40.3						288.7
Total EMEA			$	288.1					$	56.9					$	345.0					$	318.6					$	54.2					$	372.8					$	312.9					$	40.4					$	353.3
Total net revenue			$	1,135.5					$	156.9					$	1,292.4					$	1,051.4					$	147.5					$	1,198.9					$	1,005.2					$	131.1					$	1,136.3

SICPA Holding SA Company (SICPA), a customer of the Company’s OSP segment, generated more than 10% of VIAVI net revenue from continuing operations during fiscal 2022, 2021 and 2020 as summarized below (in millions):

			Years Ended
			July 2, 2022						July 3, 2021						June 27, 2020
SICPA - OSP customer			$	178.4					$	193.9					$	139.9

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

			Years Ended
			July 2, 2022						July 3, 2021
United States			$	148.3					$	109.4
Other Americas			1.8						2.0
China			39.7						45.4
Other Asia-Pacific			4.5						5.4
United Kingdom			25.7						27.3
Other EMEA			8.9						6.5
Total property, plant and equipment, net			$	228.9					$	196.0

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- 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.

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-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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