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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2023
Jul. 01, 2023
Current assets:    
Cash and cash equivalents $ 543.7 $ 506.5
Short-term investments 25.0 14.6
Restricted cash 3.1 4.5
Accounts receivable, net 208.9 231.2
Inventories, net 115.1 116.1
Prepayments and other current assets 69.5 72.1
Total current assets 965.3 945.0
Property, plant and equipment, net 236.5 243.0
Goodwill, net 455.2 455.2
Intangibles, net 48.2 58.6
Deferred income taxes 90.4 87.0
Other non-current assets 60.6 61.7
Total assets 1,856.2 1,850.5
Current liabilities:    
Accounts payable 43.8 47.2
Accrued payroll and related expenses 46.6 50.5
Deferred revenue 60.8 78.6
Accrued expenses 21.9 21.2
Short-term debt 96.3 96.2
Other current liabilities 42.7 49.8
Total current liabilities 312.1 343.5
Long-term debt 632.8 629.5
Other non-current liabilities 183.3 186.7
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at December 30, 2023 and July 1, 2023 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 223 million shares at December 30, 2023 and 222 million shares at July 1, 2023, issued and outstanding 0.2 0.2
Additional paid-in capital 70,444.8 70,427.3
Accumulated deficit (69,590.2) (69,600.7)
Accumulated other comprehensive loss (126.8) (136.0)
Total stockholders’ equity 728.0 690.8
Total liabilities and stockholders’ equity $ 1,856.2 $ 1,850.5