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Fair Value Measurements (Tables) | 6 Months Ended
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Dec. 31, 2022
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):
| December 31, 2022 |  | July 2, 2022
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents: Money market funds (1) | $ | 240.5 |  |  | $ | 240.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 313.2 |  |  | $ | 313.2 |  |  | $ | — |  |  | $ | — |
Short-term investments: Trading securities | 1.4 |  |  | 1.4 |  |  | — |  |  | — |  |  | 1.4 |  |  | 1.4 |  |  | — |  |  | — |
Other current assets: Foreign currency forward contracts | 8.4 |  |  | — |  |  | 8.4 |  |  | — |  |  | 3.8 |  |  | — |  |  | 3.8 |  |  | — |
Other non-current assets: debt available-for-sale securities asset-backed securities | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |
Total assets | $ | 250.9 |  |  | $ | 241.9 |  |  | $ | 9.0 |  |  | $ | — |  |  | $ | 319.0 |  |  | $ | 314.6 |  |  | $ | 4.4 |  |  | $ | — |
Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: Foreign currency forward contracts | $ | 2.4 |  |  | $ | — |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 8.4 |  |  | $ | — |  |  | $ | 8.4 |  |  | $ | — |
Contingent consideration (2) | 33.2 |  |  | — |  |  | — |  |  | 33.2 |  |  | 2.5 |  |  | — |  |  | — |  |  | 2.5 |
Total liabilities | $ | 35.6 |  |  | $ | — |  |  | $ | 2.4 |  |  | $ | 33.2 |  |  | $ | 10.9 |  |  | $ | — |  |  | $ | 8.4 |  |  | $ | 2.5 |
(1)Includes, as of December 31, 2022, $228.6 million in cash and cash equivalents, $4.1 million in restricted cash, and $7.8 million in other non-current assets on the Company’s Consolidated Balance Sheets. 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. (2) Includes certain amounts in other current liabilities and other non-current liabilities on the Company’s Consolidated Balance Sheets.
Schedule of Long-term Debt Instruments | The Company’s debt measured at fair value for the periods presented are as follows:
| December 31, 2022 |  | July 2, 2022
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Debt: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3.75% Senior Notes | $ | 336.0 |  |  | $ | — |  |  | $ | 336.0 |  |  | $ | — |  |  | $ | 337.5 |  |  | $ | — |  |  | $ | 337.5 |  |  | $ | — |
1.00% Senior Convertible Notes | 227.1 |  |  | — |  |  | 227.1 |  |  | — |  |  | 250.7 |  |  | — |  |  | 250.7 |  |  | — |
1.75% Senior Convertible Notes | 67.6 |  |  | — |  |  | 67.6 |  |  | — |  |  | 73.4 |  |  | — |  |  | 73.4 |  |  | — |
Total liabilities | $ | 630.7 |  |  | $ | — |  |  | $ | 630.7 |  |  | $ | — |  |  | $ | 661.6 |  |  | $ | — |  |  | $ | 661.6 |  |  | $ | — |

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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 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 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69B -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644 + Details
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