XML 111 R92.htm IDEA: XBRL DOCUMENT v3.25.2
Income Taxes - Components of Net Deferred Taxes (Details) - USD ($)
$ in Millions
Jun. 28, 2025
Jun. 29, 2024
Jul. 01, 2023
Gross deferred tax assets:      
Tax credit carryforwards $ 140.5 $ 138.2 $ 136.4
Net operating loss carryforwards 337.9 381.0 437.5
Capital loss carryforwards 1.1 1.0 1.1
Inventories 48.9 37.2 40.2
Accruals and reserves 54.9 53.0 58.1
Intangibles including acquisition related items 461.8 510.6 597.5
Capitalized research costs 355.6 312.3 186.7
Other 48.3 43.5 44.3
Gross deferred tax assets 1,449.0 1,476.8 1,501.8
Valuation allowance (1,266.3) (1,336.0) (1,351.5)
Deferred tax assets 182.7 140.8 150.3
Gross deferred tax liabilities:      
Acquisition related items (54.1) (29.4) (30.9)
Tax on unrepatriated earnings (4.9) (9.5) (13.7)
Foreign branch tax adjustments (25.2) (14.6) (15.0)
Other (17.4) (16.5) (17.7)
Deferred tax liabilities (101.6) (70.0) (77.3)
Total net deferred tax assets $ 81.1 $ 70.8 $ 73.0