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Recently Issued Accounting Pronouncements (Tables) | 12 Months Ended
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Jul. 01, 2023
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 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 - Senior 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 Consolidated Statement of Operations for the year ended July 3, 2021 (in millions, except per-share data):
| Year Ended July 3, 2021
| As Reported |  | Adjustment |  | As Adjusted
Interest Expense | $ | (36.1) |  |  | $ | 21.4 |  |  | $ | (14.7) |
Net income | $ | 46.1 |  |  | $ | 21.4 |  |  | $ | 67.5 |
Net income per share: |  |  |  |  |
Basic | $ | 0.20 |  |  | $ | 0.10 |  |  | $ | 0.30 |
Diluted | $ | 0.20 |  |  | $ | 0.09 |  |  | $ | 0.29 |
Shares used in per-share calculation: |  |  |  |  |
Basic | 228.7 |  | — |  |  | 228.7
Diluted | 235.9 |  | 0.4 |  |  | 236.3

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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 -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-12 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482989/270-10-45-13 + Details
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