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Balance Sheet and Other Details (Tables) | 6 Months Ended
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Dec. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue | The following tables summarize the activity related to deferred revenue (in millions):
| December 30, 2023 |  |
| Three Months Ended |  | Six Months Ended |  |
Deferred revenue: |  |  |  |  |
Balance at beginning of period | $ | 90.5 |  |  | $ | 102.0 |  |  |
Revenue deferrals for new contracts (1) | 24.7 |  |  | 44.9 |  |  |
Revenue recognized during the period (2) | (30.5) |  |  | (62.2) |  |  |
Balance at end of period | $ | 84.7 |  |  | $ | 84.7 |  |  |
(1)Included in these amounts is the impact from foreign currency exchange rate fluctuations. (2)Revenue recognized during the period represents releases from the balance at the beginning of the period as well as releases from the current period deferrals.
Schedule of Components of Accounts Receivable Allowance | The following table presents the activities and balances for allowance for credit losses (in millions):
| July 1, 2023 |  |  |  | Charged to Costs and Expenses |  | Deductions (1) |  | December 30, 2023
Allowance for credit losses | $ | 1.0 |  |  |  |  | $ | 0.8 |  |  | $ | (0.2) |  |  | $ | 1.6 |
(1)Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.
Schedule of Components of Inventories | The following table presents the components of inventories, net (in millions):
| December 30, 2023 |  | July 1, 2023
Finished goods | $ | 53.4 |  |  | $ | 49.0 |
Work in process | 16.6 |  |  | 17.7 |
Raw materials | 45.1 |  |  | 49.4 |
Inventories, net | $ | 115.1 |  |  | $ | 116.1 |
Schedule of Components of Prepayments and Other Current Assets | The following table presents the components of prepayments and other current assets (in millions):
| December 30, 2023 |  | July 1, 2023
Refundable income taxes | $ | 28.3 |  |  | $ | 27.6 |
Prepayments | 14.0 |  |  | 16.5 |
Advances to contract manufacturers | 8.2 |  |  | 9.8 |
Fair value of forward contracts | 5.4 |  |  | 3.5 |
Transaction tax receivables | 3.7 |  |  | 5.1 |
Asset held for sale | 2.5 |  |  | 2.5 |
Other current assets | 7.4 |  |  | 7.1 |
Prepayments and other current assets | $ | 69.5 |  |  | $ | 72.1 |
Schedule of Components of Other Non-current Assets | The following table presents the components of other non-current assets (in millions):
| December 30, 2023 |  | July 1, 2023
Operating ROU assets (Note 12) | $ | 37.5 |  |  | $ | 40.4 |
Long-term restricted cash | 5.8 |  |  | 4.6 |
Deposits | 2.6 |  |  | 2.3 |
Deferred contract cost | 2.5 |  |  | 2.9 |
Debt issuance cost - Revolving Credit Facility | 2.3 |  |  | 2.8 |
Other non-current assets | 9.9 |  |  | 8.7 |
Other non-current assets | $ | 60.6 |  |  | $ | 61.7 |
Schedule of Components of Other Current Liabilities | The following table presents the components of other current liabilities (in millions):
| December 30, 2023 |  | July 1, 2023
Operating lease liabilities (Note 12) | $ | 10.0 |  |  | $ | 10.1 |
Interest payable | 5.4 |  |  | 5.5 |
Income tax payable | 4.5 |  |  | 4.4 |
Warranty accrual | 4.0 |  |  | 4.2 |
Acquisition related holdback and related accruals | 3.0 |  |  | 4.1 |
Transaction tax payable | 2.6 |  |  | 4.3 |
Fair value of forward contracts | 2.0 |  |  | 2.4 |
Restructuring accrual (Note 13) | 1.2 |  |  | 5.8 |
Fair value of contingent consideration (Note 5) | — |  |  | 1.1 |
Other | 10.0 |  |  | 7.9 |
Other current liabilities | $ | 42.7 |  |  | $ | 49.8 |
Schedule of Components of Other Non-current Liabilities | The following table presents components of other non-current liabilities (in millions):
| December 30, 2023 |  | July 1, 2023
Pension and post-employment benefits | $ | 54.9 |  |  | $ | 53.2 |
Operating lease liabilities (Note 12) | 27.0 |  |  | 29.4 |
Long-term deferred revenue | 23.9 |  |  | 23.4 |
Deferred tax liability | 19.1 |  |  | 13.9 |
Uncertain tax position | 15.9 |  |  | 15.8 |
Financing obligation | 15.8 |  |  | 15.8 |
Fair value of contingent consideration (Note 5) | 10.6 |  |  | 18.6 |
Warranty accrual | 4.5 |  |  | 4.8 |
Asset retirement obligations | 3.9 |  |  | 3.8 |
Other | 7.7 |  |  | 8.0 |
Other non-current liabilities | $ | 183.3 |  |  | $ | 186.7 |

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