Gross receivables include both billed and unbilled receivables (including Contract assets). As of December 30, 2023, and July 1, 2023, the Company had total unbilled receivables of $13.6 million and $13.7 million, respectively.

The Company also has short-term and long-term deferred revenues related to undelivered product and professional services, consisting of installations and consulting engagements, which are recognized as the Company's performance obligations under the contract are completed and accepted by the customer.


	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.

Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized, and adjustments for currency.

The value of the transaction price allocated to remaining performance obligations as of December 30, 2023, was $248.4 million. The Company expects to recognize approximately 89% of remaining performance obligations as revenue within the next 12 months, and the remainder thereafter.

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.


	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

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


	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


	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


	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