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Investment in Joint Ventures And Majority Owned Subsidiaries (Tables)

12 Months Ended

Jul. 02, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Net Purchase Price Allocation

The allocation of the $18.5 million net purchase price was as follows (millions of dollars):

		Cash Received (Paid)
Sale of STRATTEC's one-third ownership interest in VAST LLC		$	28.2
Purchase of 20 percent non-controlling interest in SPA			(9.0	)
Purchase of net assets of VAST LLC's Korean branch office			(0.7	)
Net purchase price received by STRATTEC		$	18.5

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