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Restructuring
 12 Months Ended
Jun. 28, 2025
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 our NSE and OSP segments and Corporate (Corp) functions intended to improve operational efficiencies and better align the Company’s workforce with current business needs. The Company expects approximately 7% of its global workforce to be affected. The Company anticipates the Fiscal 2024 Plan to be substantially complete by the end of the second quarter of fiscal 2026.
Fiscal 2023 Plan
The restructuring and workforce reduction plan, initiated in the second quarter of fiscal 2023 (the Fiscal 2023 Plan) across various functions to better align the Company’s workforce with current business needs and strategic growth opportunities, was completed in the first quarter of fiscal 2025. The Fiscal 2023 Plan impacted approximately 5% of the Company’s global workforce.
A summary of the activity in the restructuring accrual for the fiscal year ended June 28, 2025 is outlined below (in millions):
Balance as of June 29, 2024Restructuring and related charges (benefits)Cash settlementsForeign currency translation adjustments Balance as of June 28, 2025
Fiscal 2024 Plan
NSE/Corp$13.4 $1.0 $(11.2)$0.3 $3.5 
OSP1.2 (0.1)(1.1)— — 
  Fiscal 2024 Plan 14.6 0.9 (12.3)0.3 3.5 
Fiscal 2023 Plan
NSE0.3 (0.2)(0.1)— — 
Fiscal 2023 Plan0.3 (0.2)(0.1)— — 
Total(1)
$14.9 $0.7 $(12.4)$0.3 $3.5 
(1) Included in Other current liabilities on the Consolidated Balance Sheet as of June 28, 2025 and certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheet as of June 29, 2024.
During fiscal 2024, the Company recorded restructuring charges of $14.8 million related to the Fiscal 2024 Plan and a benefit of $1.2 million related to the Fiscal 2023 Plan. During fiscal 2023, the Company recorded restructuring charges of $12.1 million related to the Fiscal 2023 Plan.