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Restructuring | 12 Months Ended
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Jun. 29, 2024
Restructuring and Related Activities [Abstract] |
Restructuring | Note 13. Restructuring The Company’s restructuring events are primarily intended to reduce costs, consolidate operations, integrate various acquisitions, streamline product manufacturing and address market conditions. Restructuring charges include severance, benefits and outplacement costs to eliminate a specified number of positions. The timing of associated cash payments is dependent upon the jurisdiction of the affected employees and can extend over multiple periods. Fiscal 2024 Plan During the fourth quarter of fiscal 2024, management approved a restructuring and workforce reduction plan (the Fiscal 2024 Plan) across various functions intended to improve operational efficiencies and better align the Company’s workforce with current business needs. The Company expects approximately 6% of its global workforce to be affected. The Company anticipates the Fiscal 2024 Plan to be substantially complete by the end of fiscal 2025. Fiscal 2023 Plan During the second quarter of fiscal 2023, management approved a restructuring and workforce reduction plan (the Fiscal 2023 Plan) to better align the Company’s workforce with current business needs and strategic growth opportunities. The Fiscal 2023 Plan impacted approximately 5% of the Company’s global workforce. The first phase of the Fiscal 2023 Plan impacted our NSE and OSP segments and Corporate (Corp) functions and was substantially complete as of March 30, 2024. The second phase of the Fiscal 2023 Plan is primarily focused on reducing costs in our SE segment and was substantially complete as of June 29, 2024. A summary of the activity in the restructuring accrual for the fiscal year ended June 29, 2024 is outlined below (in millions):
| Balance as of July 1, 2023 | Restructuring and related charges (benefits) | Cash Settlements |  | Balance as of June 29, 2024 |  |  |  |  |  |
Fiscal 2024 Plan |  |  |  |  |  |  |  |  |  |  |
NSE/Corp | $ | — |  | $ | 13.6 |  | $ | (0.2) |  |  | $ | 13.4 |  |  |  |  |  |  |
OSP | — |  | 1.2 |  | — |  |  | 1.2 |  |  |  |  |  |  |
Fiscal 2024 Plan | — |  | 14.8 |  | (0.2) |  |  | 14.6 |  |  |  |  |  |  |
Fiscal 2023 Plan |  |  |  |  |  |  |  |  |  |  |
NSE/Corp | 3.5 |  | (0.9) |  | (2.6) |  |  | — |  |  |  |  |  |  |
OSP | 0.6 |  | — |  | (0.6) |  |  | — |  |  |  |  |  |  |
Fiscal 2023 Plan Phase I | 4.1 |  | (0.9) |  | (3.2) |  |  | — |  |  |  |  |  |  |
NSE | 1.7 |  | (0.3) |  | (1.1) |  |  | 0.3 |  |  |  |  |  |  |
Fiscal 2023 Plan Phase II | 1.7 |  | (0.3) |  | (1.1) |  |  | 0.3 |  |  |  |  |  |  |
Total(1) | $ | 5.8 |  | $ | 13.6 |  | $ | (4.5) |  |  | $ | 14.9 |  |  |  |  |  |  |
(1) Includes certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets. During fiscal 2023, the Company recorded restructuring charges of $12.1 million related to the Fiscal 2023 Plan. During fiscal 2022, the Company recorded a benefit of $0.1 million related to a restructuring plan initiated in fiscal 2019.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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