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Accounting Policies (Tables) | 6 Months Ended
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Jan. 01, 2022
Accounting Policies [Abstract] |
Accounting Standards Update and Change in Accounting Principle | The following table presents the impact of the standard adoption to select line items of the Company’s Consolidated Balance Sheet as of July 3, 2021 (in millions):
| July 3, 2021
| As Reported |  | Adjustment |  | As Adjusted
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |
Short-term debt | $ | 414.2 |  |  | $ | 42.4 |  |  | $ | 456.6 |
Long-term debt | 209.8 |  |  | 14.3 |  |  | 224.1 |
Mezzanine equity - convertible notes | 45.8 |  |  | (45.8) |  |  | — |
Additional paid-in capital | 70,265.5 |  |  | (82.3) |  |  | 70,183.2 |
Accumulated deficit | $ | (69,393.7) |  |  | $ | 71.4 |  |  | $ | (69,322.3) |
The following table presents the impact of the standard adoption to select line items of the Company’s Consolidated Statement of Operations for the three and six months ended January 2, 2021 (in millions, except per-share data):
| Three Months Ended January 2, 2021
| As Reported |  | Adjustment |  | As Adjusted
Interest Expense | $ | (9.0) |  |  | $ | 5.4 |  |  | $ | (3.6) |
Net income | $ | 21.9 |  |  | $ | 5.4 |  |  | $ | 27.3 |
Net income per share: |  |  |  |  |
Basic | $ | 0.10 |  |  | $ | 0.02 |  |  | $ | 0.12 |
Diluted | $ | 0.09 |  |  | $ | 0.03 |  |  | $ | 0.12 |
Shares used in per-share calculation: |  |  |  |  |
Basic | 228.8 |  | — |  |  | 228.8
Diluted | 231.1 |  | — |  |  | 231.1
| Six Months Ended January 2, 2021
| As Reported |  | Adjustment |  | As Adjusted
Interest Expense | $ | (18.0) |  |  | $ | 10.8 |  |  | $ | (7.2) |
Net income | $ | 36.2 |  |  | $ | 10.8 |  |  | $ | 47.0 |
Net income per share: |  |  |  |  |
Basic | $ | 0.16 |  |  | $ | 0.05 |  |  | $ | 0.21 |
Diluted | $ | 0.16 |  |  | $ | 0.04 |  |  | $ | 0.20 |
Shares used in per-share calculation: |  |  |  |  |
Basic | 228.8 |  | — |  |  | 228.8
Diluted | 231.3 |  | 0.2 |  |  | 231.5

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
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