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Restructuring | 9 Months Ended
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Mar. 29, 2025
Restructuring and Related Activities [Abstract] |
Restructuring | Note 13. Restructuring The Company’s restructuring events are primarily intended to reduce costs, consolidate operations, integrate various acquisitions, streamline product manufacturing and address market conditions. Restructuring charges include severance, benefits and outplacement costs to eliminate a specified number of positions. The timing of associated cash payments is dependent upon the jurisdiction of the affected employees and can extend over multiple periods. Fiscal 2024 Plan During the fourth quarter of fiscal 2024, management approved a restructuring and workforce reduction plan (the Fiscal 2024 Plan) across our Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP) segments and Corporate (Corp) functions intended to improve operational efficiencies and better align the Company’s workforce with current business needs. The Company expects approximately 7% of its global workforce to be affected. The Company anticipates the Fiscal 2024 Plan to be substantially complete by the end of the second quarter of fiscal 2026. Fiscal 2023 Plan The restructuring and workforce reduction plan initiated in the second quarter of fiscal 2023 (the Fiscal 2023 Plan) across various functions to better align the Company’s workforce with current business needs and strategic growth opportunities was completed in the first quarter of fiscal 2025. The Fiscal 2023 Plan impacted approximately 5% of the Company’s global workforce. A summary of the activity in the restructuring accrual is outlined below (in millions):
| Balance as of June 29, 2024 |  | Restructuring and related charges (benefits) |  |  |  | Cash settlements |  |  | Balance as of March 29, 2025 |  |  |  |  |  |
Fiscal 2024 Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NSE/Corp | $ | 13.4 |  |  | $ | 1.2 |  |  |  |  | $ | (10.2) |  |  |  | $ | 4.4 |  |  |  |  |  |  |
OSP | 1.2 |  |  | (0.1) |  |  |  |  | (1.0) |  |  |  | 0.1 |  |  |  |  |  |  |
Fiscal 2024 Plan | 14.6 |  |  | 1.1 |  |  |  |  | (11.2) |  |  |  | 4.5 |  |  |  |  |  |  |
Fiscal 2023 Plan |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NSE | 0.3 |  |  | (0.2) |  |  |  |  | (0.1) |  |  |  | — |  |  |  |  |  |  |
Fiscal 2023 Plan | 0.3 |  |  | (0.2) |  |  |  |  | (0.1) |  |  |  | — |  |  |  |  |  |  |
Total (1) | $ | 14.9 |  |  | $ | 0.9 |  |  |  |  | $ | (11.3) |  |  |  | $ | 4.5 |  |  |  |  |  |  |
(1)Included in Other current liabilities on the Consolidated Balance Sheet as of March 29, 2025 and certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheet as of June 29, 2024.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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