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Fair Value Measurements (Tables) | 9 Months Ended
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Mar. 29, 2025
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value | The Company’s assets and liabilities measured at fair value for the periods presented are as follows (in millions):
| March 29, 2025 |  | June 29, 2024
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt available-for-sale securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities (1) | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | — |
Total debt available-for-sale securities | 0.3 |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.3 |  |  | — |
Money market funds (2) | 218.4 |  |  | 218.4 |  |  | — |  |  | — |  |  | 295.3 |  |  | 295.3 |  |  | — |  |  | — |
Trading securities (3) | 1.4 |  |  | 1.4 |  |  | — |  |  | — |  |  | 1.5 |  |  | 1.5 |  |  | — |  |  | — |
Foreign currency forward contracts (4) | 6.8 |  |  | — |  |  | 6.8 |  |  | — |  |  | 1.7 |  |  | — |  |  | 1.7 |  |  | — |
Non-marketable equity security (5) | 3.0 |  |  | — |  |  | — |  |  | 3.0 |  |  | — |  |  | — |  |  | — |  |  | — |
Total assets | $ | 229.9 |  |  | $ | 219.8 |  |  | $ | 7.1 |  |  | $ | 3.0 |  |  | $ | 298.8 |  |  | $ | 296.8 |  |  | $ | 2.0 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts (6) | $ | 6.4 |  |  | $ | — |  |  | $ | 6.4 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |
Contingent consideration (7) | 120.8 |  |  | — |  |  | — |  |  | 120.8 |  |  | 9.5 |  |  | — |  |  | — |  |  | 9.5 |
Total liabilities | $ | 127.2 |  |  | $ | — |  |  | $ | 6.4 |  |  | $ | 120.8 |  |  | $ | 11.0 |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | 9.5 |
(1)Included in Other non-current assets on the Consolidated Balance Sheets. (2)Includes, as of March 29, 2025, $211.7 million in Cash and cash equivalents, $3.3 million in Restricted cash and $3.4 million in Other non-current assets on the Consolidated Balance Sheets. Includes, as of June 29, 2024, $286.7 million in Cash and cash equivalents, $4.9 million in Restricted cash and $3.7 million in Other non-current assets on the Consolidated Balance Sheets. (3)Included in Short-term investments on the Consolidated Balance Sheets. (4)Included in Prepayments and other current assets on the Consolidated Balance Sheets. (5)Included in Other non-current assets on the Consolidated Balance Sheets. (6)Included in Other current liabilities on the Consolidated Balance Sheets. (7)As of March 29, 2025, includes certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets. As of June 29, 2024, included in Other non-current liabilities on the Consolidated Balance Sheets.
Schedule of Long-term Debt Instruments | The Company’s debt measured at fair value for the periods presented is as follows (in millions):
| March 29, 2025 |  | June 29, 2024
| Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Debt: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3.75% Senior Notes | $ | 366.3 |  |  | $ | — |  |  | $ | 366.3 |  |  | $ | — |  |  | $ | 338.9 |  |  | $ | — |  |  | $ | 338.9 |  |  | $ | — |
1.625% Senior Convertible Notes | 270.0 |  |  | — |  |  | 270.0 |  |  | — |  |  | 238.1 |  |  | — |  |  | 238.1 |  |  | — |
Total | $ | 636.3 |  |  | $ | — |  |  | $ | 636.3 |  |  | $ | — |  |  | $ | 577.0 |  |  | $ | — |  |  | $ | 577.0 |  |  | $ | — |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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