XML 61 R42.htm IDEA: XBRL DOCUMENT v3.25.2
Leases (Tables)
12 Months Ended
Jun. 28, 2025
Leases [Abstract]  
Lease, Cost
Lease expense and cash flow information related to our operating leases is as follows (in millions):
June 28, 2025June 29, 2024
Operating lease costs(1)
$13.0 $12.9 
Cash paid for amounts included in the measurement of operating lease liabilities$13.0 $14.1 
Operating ROU assets obtained in exchange for operating lease obligations$8.5 $7.2 
Weighted-average remaining lease term6.1 years6.3 years
Weighted-average discount rate6.0 %5.6 %
(1) Total variable lease costs were immaterial during the fiscal years ended June 28, 2025 and June 29, 2024. The total operating costs were included in Cost of revenues, R&D and SG&A in the Consolidated Statements of Operations.
Lessee, Operating Lease, Liability, Maturity
Future minimum operating lease payments as of June 28, 2025 are as follows (in millions):
Fiscal Years
2026$10.6 
20279.7 
20286.9 
20294.1 
20301.9 
Thereafter8.0 
Total lease payments41.2 
Less: Interest(6.9)
Present value of lease liabilities$34.3 
Schedule of Asset Retirement Obligations
A summary of the activity in the ARO accrual is outlined below (in millions):
Balance at Beginning of PeriodLiabilities IncurredLiabilities SettledAccretion ExpenseRevisions to EstimatesBalance at End of Period
Year ended June 28, 2025$4.2 $0.4 $(0.8)$— $0.1 $3.9 
Year ended June 29, 2024$4.3 $— $(0.2)$0.1 $— $4.2