XML 136 R117.htm IDEA: XBRL DOCUMENT v3.25.2
Operating Segments and Geographic Information - Summary of Reportable Segments (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jul. 01, 2023
Information on reportable segments      
Net revenue $ 1,084.3 $ 1,000.4 $ 1,106.1
Total cost of revenues 463.2 424.5 467.3
Research and development 208.7 201.9 206.9
Selling, general and administrative 349.4 333.3 328.7
Total operating expenses 563.6 555.1 556.4
Income from operations 57.5 20.8 82.4
Unallocated other expenses 57.5 20.8 82.4
Loss on convertible note modification 0.0 0.0 (2.2)
Interest and other income, net 11.1 21.7 7.6
Interest expense (30.0) (30.9) (27.1)
Income before income taxes and equity investment earnings 38.6 11.6 60.7
Inventories, net 117.9 96.5 116.1
Assets not allocated to segments 1,993.8 1,736.3 1,850.5
Total assets 1,993.8 1,736.3 1,850.5
Product      
Information on reportable segments      
Net revenue 912.0 834.8 936.1
Service      
Information on reportable segments      
Net revenue 172.3 165.6 170.0
Operating Segments      
Information on reportable segments      
Net revenue 1,084.3 1,000.4 1,106.1
Total cost of revenues
Research and development
Selling, general and administrative
Other
Total operating expenses
Income from operations 153.9 115.0 172.5
Unallocated other expenses 153.9 115.0 172.5
Operating Segments | Product      
Information on reportable segments      
Net revenue 912.0 834.8 936.1
Operating Segments | Service      
Information on reportable segments      
Net revenue 172.3 165.6 170.0
Operating Segments | Network and Service Enablement      
Information on reportable segments      
Net revenue 776.6 702.0 801.2
Total cost of revenues 288.7 262.4 291.0
Research and development 179.3 173.5 178.6
Selling, general and administrative 165.7 160.7 167.8
Other 101.3 97.4 102.6
Total operating expenses 446.3 431.6 449.0
Income from operations $ 41.6 $ 8.0 $ 61.2
Operating margin (percent) 5.40% 1.10% 7.60%
Unallocated other expenses $ 41.6 $ 8.0 $ 61.2
Inventories, net 74.4 53.1  
Operating Segments | Network and Service Enablement | Product      
Information on reportable segments      
Net revenue 604.3 536.4 631.3
Inventories, net     67.9
Operating Segments | Network and Service Enablement | Service      
Information on reportable segments      
Net revenue 172.3 165.6 169.9
Operating Segments | OSP      
Information on reportable segments      
Net revenue 307.7 298.4 304.9
Total cost of revenues 144.2 143.5 146.3
Research and development 17.3 16.5 15.0
Selling, general and administrative 23.8 23.2 24.1
Other 10.1 8.2 8.2
Total operating expenses 51.2 47.9 47.3
Income from operations $ 112.3 $ 107.0 $ 111.3
Operating margin (percent) 36.50% 35.90% 36.50%
Unallocated other expenses $ 112.3 $ 107.0 $ 111.3
Inventories, net 43.5 43.4  
Operating Segments | OSP | Product      
Information on reportable segments      
Net revenue 307.7 298.4 304.8
Inventories, net     48.2
Operating Segments | OSP | Service      
Information on reportable segments      
Net revenue 0.0 0.0 0.1
Other Items      
Information on reportable segments      
Income from operations 96.4 94.2 90.1
Unallocated other expenses 96.4 94.2 90.1
Assets not allocated to segments 1,875.9 1,639.8 1,734.4
Total assets $ 1,875.9 $ 1,639.8 $ 1,734.4