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Balance Sheet and Other Details (Tables) | 9 Months Ended
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Mar. 29, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue | The following table presents the activity related to deferred revenue (in millions):
| March 29, 2025 |  |
| Three Months Ended |  | Nine Months Ended |  |
Deferred revenue: |  |  |  |  |
Balance at beginning of period | $ | 83.7 |  |  | $ | 91.4 |  |  |
Revenue deferrals for new contracts (1) | 31.9 |  |  | 82.0 |  |  |
Revenue recognized during the period (2) | (24.5) |  |  | (82.3) |  |  |
Balance at end of period | $ | 91.1 |  |  | $ | 91.1 |  |  |
(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 current period deferrals.
Schedule of Components of Accounts Receivable Allowance | The following table presents the activities and balances for allowance for credit losses (in millions):
| June 29, 2024 |  | Acquisitions (1) |  | Charged to Costs and Expenses |  | Deductions (2) |  | March 29, 2025
Allowance for credit losses | $ | 1.6 |  |  | $ | 0.6 |  |  | $ | 0.7 |  |  | $ | (0.8) |  |  | $ | 2.1 |
(1)Refer to “Note 5. Acquisitions” of the Notes to Consolidated Financial Statements for detail of acquisition. (2)Represents the effect of 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 (in millions):
| March 29, 2025 |  | June 29, 2024
Finished goods | $ | 54.7 |  |  | $ | 44.6 |
Work in process | 19.3 |  |  | 15.4 |
Raw materials | 42.2 |  |  | 36.5 |
Inventories, net | $ | 116.2 |  |  | $ | 96.5 |
Schedule of Components of Prepayments and Other Current Assets | The following table presents the components of prepayments and other current assets (in millions):
| March 29, 2025 |  | June 29, 2024
Refundable income taxes | $ | 25.8 |  |  | $ | 28.5 |
Prepayments | 17.4 |  |  | 18.5 |
Fair value of forward contracts | 6.8 |  |  | 1.7 |
Advances to contract manufacturers | 4.9 |  |  | 5.7 |
Transaction tax receivables | 0.4 |  |  | 3.3 |
Asset held for sale | — |  |  | 2.5 |
Other current assets | 10.9 |  |  | 10.5 |
Prepayments and other current assets | $ | 66.2 |  |  | $ | 70.7 |
Schedule of Components of Other Non-current Assets | The following table presents the components of other non-current assets (in millions):
| March 29, 2025 |  | June 29, 2024
Operating right-of-use (ROU) assets | $ | 34.6 |  |  | $ | 35.8 |
Long-term restricted cash | 5.1 |  |  | 5.5 |
Long-term investment (Note 7) | 3.0 |  |  | — |
Deferred contract cost | 3.0 |  |  | 2.5 |
Deposits | 2.5 |  |  | 2.4 |
Debt issuance cost - Revolving Credit Facility | 1.4 |  |  | 1.9 |
Other non-current assets | 11.2 |  |  | 9.9 |
Other non-current assets | $ | 60.8 |  |  | $ | 58.0 |
Schedule of Components of Other Current Liabilities | The following table presents the components of other current liabilities (in millions):
| March 29, 2025 |  | June 29, 2024
Fair value of contingent consideration | $ | 30.9 |  |  | $ | — |
Operating lease liabilities | 9.9 |  |  | 9.8 |
Interest payable | 7.9 |  |  | 5.1 |
Fair value of forward contracts | 6.4 |  |  | 1.5 |
Income tax payable | 5.7 |  |  | 5.3 |
Warranty accrual | 5.2 |  |  | 3.4 |
Transaction tax payable | 5.0 |  |  | 4.0 |
Restructuring accrual | 4.5 |  |  | 14.1 |
Acquisition related holdback and related accruals | 4.0 |  |  | — |
Other current liabilities | 7.4 |  |  | 14.3 |
Other current liabilities | $ | 86.9 |  |  | $ | 57.5 |
Schedule of Components of Other Non-current Liabilities | The following table presents components of other non-current liabilities (in millions):
| March 29, 2025 |  | June 29, 2024
Fair value of contingent consideration | $ | 89.9 |  |  | $ | 9.5 |
Pension and post-employment benefits | 51.4 |  |  | 51.2 |
Long-term deferred revenue | 26.6 |  |  | 25.7 |
Operating lease liabilities | 24.9 |  |  | 25.7 |
Uncertain tax position | 19.1 |  |  | 17.0 |
Financing obligation | 15.6 |  |  | 15.7 |
Acquisition related holdback | 15.0 |  |  | — |
Deferred tax liability | 8.3 |  |  | 11.7 |
Asset retirement obligations | 3.5 |  |  | 3.0 |
Warranty accrual | 1.7 |  |  | 4.0 |
Restructuring accrual | — |  |  | 0.8 |
Other non-current liabilities | 7.6 |  |  | 7.3 |
Other non-current liabilities | $ | 263.6 |  |  | $ | 171.6 |

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