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Balance Sheet and Other Details (Tables)
 12 Months Ended
Jun. 28, 2025
Balance Sheet And Other Details  
Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue
The following table summarizes the activity related to deferred revenue, for the year ended June 28, 2025 (in millions):
Balance as of June 29, 2024
$91.4 
Revenue deferrals for new contracts(1)
119.3 
Revenue recognized during the period(2)
(108.4)
Balance as of June 28, 2025(3)
$102.3 
Short-term deferred revenue$74.1 
Long-term deferred revenue$28.2 
(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 following period quarter-end deferrals.
(3) The long-term portion of deferred revenue is included as a component of Other non-current liabilities on the Consolidated Balance Sheets.
Activities and Balances for Allowance for Doubtful Accounts
The table below presents the activities and balances for allowance for credit losses, as follows (in millions):
Balance at Beginning of Period
Acquisition(1)
Charged to Costs and Expenses
Deduction(2)
Balance at
End of Period
Year Ended June 28, 2025$1.6 $0.6 $1.0 $(1.3)$1.9 
Year Ended June 29, 2024$1.0 $— $1.3 $(0.7)$1.6 
Year Ended July 1, 2023$1.4 $— $0.4 $(0.8)$1.0 
(1) Refer to “Note 5. Acquisitions” for details of acquisition.
(2) Represents the effect of foreign 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, as follows (in millions):
June 28, 2025June 29, 2024
Finished goods$52.5 $44.6 
Work in process18.3 15.4 
Raw materials47.1 36.5 
Inventories, net$117.9 $96.5 
Schedule of Components of Prepayments and Other Current Assets
The following table presents the components of prepayments and other current assets, as follows (in millions):
June 28, 2025June 29, 2024
Refundable income taxes$32.0 $28.5 
Prepayments21.9 18.5 
Advances to contract manufacturers5.8 5.7 
Fair value of forward contracts4.9 1.7 
Transaction tax receivables0.2 3.3 
Assets held for sale— 2.5 
Other current assets12.5 10.5 
Prepayments and other current assets$77.3 $70.7 
Schedule of Components of Property, Plant and Equipment
The following table presents the components of property, plant and equipment, net, as follows (in millions):
June 28, 2025June 29, 2024
Land$19.9 $19.5 
Buildings and improvements79.6 74.9 
Machinery and equipment400.5 378.6 
Furniture, fixtures, software and office equipment67.8 70.7 
Leasehold improvements75.9 73.0 
Construction in progress26.5 20.0 
Property, plant and equipment, gross670.2 636.7 
Less: Accumulated depreciation
(438.3)(408.5)
Property, plant and equipment, net$231.9 $228.2 
Schedule of Components of Other Current Assets
The following table presents the components of other non-current assets, as follows (in millions):
June 28, 2025June 29, 2024
Operating ROU assets, net$34.1 $35.8 
Long-term restricted cash4.9 5.5 
Deferred contract cost3.0 2.5 
Long-term investment (Note 7)
3.0 — 
Deposits2.4 2.4 
Debt issuance cost - Revolving Credit Facility1.4 1.9 
Other non-current assets13.4 9.9 
Other non-current assets$62.2 $58.0 
Schedule of Components of Other Current Liabilities
The following table presents the components of other current liabilities, as follows (in millions):
June 28, 2025June 29, 2024
Fair value of contingent consideration (Note 5)
$41.5 $— 
Acquisition related holdback and related accruals16.5 — 
Operating lease liabilities
10.2 9.8 
Income tax payable8.2 5.3 
Transaction tax payable6.0 4.0 
Warranty accrual5.9 3.4 
Interest payable5.1 5.1 
Restructuring accrual (Note 13)
3.5 14.1 
Fair value of forward contracts3.1 1.5 
Other current liabilities8.3 14.3 
Other current liabilities$108.3 $57.5 
Schedule of Components of Other Non-current Liabilities
The following table presents the components of other non-current liabilities, as follows (in millions):
June 28, 2025June 29, 2024
Fair value of contingent consideration (Note 5)
$75.9 $9.5 
Pension and post-employment benefits54.1 51.2 
Long-term deferred revenue28.2 25.7 
Operating lease liabilities24.1 25.7 
Financing obligation15.5 15.7 
Uncertain tax position11.4 17.0 
Deferred tax liability6.0 11.7 
Asset retirement obligations3.5 3.0 
Warranty accrual0.8 4.0 
Restructuring accrual— 0.8 
Other non-current liabilities8.1 7.3 
Other non-current liabilities$227.6 $171.6 
Schedule of Components of Interest and Other Income (Expense), Net
The following table presents the components of interest and other income, net, as follows (in millions):
Years Ended
June 28, 2025June 29, 2024July 1, 2023
Interest income$13.1 $18.9 $10.2 
Foreign exchange loss, net(1.7)(3.1)(2.2)
Gain on litigation settlement— 7.3 — 
Other loss, net(0.3)(1.4)(0.4)
Interest and other income, net$11.1 $21.7 $7.6