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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Reporting Unit
Goodwill by reporting unit as of June 30, 2019 and June 24, 2018 was as follows:
(in millions of U.S. Dollars)
June 30, 2019
 
June 24, 2018
Wolfspeed

$349.7

 

$349.7

LED Products
180.3

 

$180.3

Consolidated total

$530.0

 

$530.0
Schedule of Components of Intangible Assets
Intangible assets, net included the following:
 
June 30, 2019
 
June 24, 2018
(in millions of U.S. Dollars)
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships

$147.8

 

($63.8
)
 

$84.0

 

$147.8

 

($56.6
)
 

$91.2

Developed technology
75.9

 
(24.5
)
 
51.4

 
75.9

 
(19.0
)
 
56.9

Non-compete agreements
12.2

 
(4.1
)
 
8.1

 
12.2

 
(1.1
)
 
11.1

Trade names
0.5

 
(0.5
)
 
—

 
0.5

 
(0.5
)
 
—

Patent and licensing rights
120.4

 
(66.0
)
 
54.4

 
119.2

 
(62.6
)
 
56.6

Total intangible assets

$356.8

 

($158.9
)
 

$197.9

 

$355.6

 

($139.8
)
 

$215.8
Schedule of Future Amortization Expense of Finite-lived Intangible Assets
Total future amortization expense of intangible assets is estimated to be as follows:
Fiscal Year Ending
(in millions of U.S. Dollars)

June 28, 2020

$20.7

June 27, 2021
20.4

June 26, 2022
19.0

June 25, 2023
16.1

June 30, 2024
15.2

Thereafter
106.5

Total future amortization expense

$197.9