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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2019
Jun. 24, 2018
Jun. 25, 2017
Cash flows from operating activities:      
Net loss $ (375.1) $ (279.9) $ (98.1)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 143.6 153.9 150.5
Amortization of debt issuance costs and discount 18.3 0.0 0.0
Stock-based compensation 78.0 43.2 47.7
Loss on sale of business 66.2 0.0 0.0
Goodwill impairment charges 90.3 247.5 0.0
Impairment of acquisition-related intangibles 107.3 0.0 0.0
Impairment of inventory 12.2 0.0 7.4
Loss on disposal or impairment of long-lived assets 3.2 10.7 2.5
Amortization of premium/discount on investments 2.4 4.8 5.4
Loss/(gain) on equity investment 16.2 (7.1) (7.5)
Foreign exchange loss/(gain) on equity investment 1.3 (0.6) (2.6)
Deferred income taxes (0.4) (40.0) 74.9
Changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable, net 22.3 (4.8) 17.0
Inventories (43.3) 11.0 10.5
Prepaid expenses and other assets 3.8 (5.4) 17.4
Accounts payable, trade 6.4 14.3 (4.8)
Accrued salaries and wages and other liabilities 28.0 25.9 0.2
Accrued contract liabilities 21.6 0.0 0.0
Net cash provided by operating activities 202.3 173.5 220.5
Cash flows from investing activities:      
Purchases of property and equipment (142.4) (185.7) (86.9)
Purchases of patent and licensing rights (10.6) (10.1) (12.4)
Proceeds from sale of property and equipment 0.3 0.6 1.4
Purchases of short-term investments (517.2) (200.7) (200.4)
Proceeds from maturities of short-term investments 177.4 224.2 125.9
Proceeds from sale of short term investments 46.4 177.0 27.2
Purchase of acquired business, net of cash acquired 0.0 (429.2) 0.0
Proceeds from sale of business, net 219.0 0.0 0.0
Net cash used in investing activities (227.1) (423.9) (145.2)
Cash flows from financing activities:      
Proceeds from issuing Cree Venture LED stock to noncontrolling interest 0.0 4.9 0.0
Payment of acquisition-related contingent consideration 0.0 (1.8) (2.8)
Proceeds from long-term debt borrowings 95.0 670.0 468.0
Payments on long-term debt borrowings (387.0) (523.0) (483.0)
Proceeds from issuance of common stock 158.0 92.6 17.7
Tax withholding on stock option exercises (21.6) (6.2) (4.6)
Proceeds from convertible notes 575.0 0.0 0.0
Payments of debt issuance costs (12.9) 0.0 0.0
Repurchases of common stock 0.0 0.0 (104.0)
Net cash provided by (used in) financing activities 406.5 236.5 (108.7)
Effects of foreign exchange changes on cash and cash equivalents (0.1) 0.2 (0.1)
Net change in cash and cash equivalents 381.6 (13.7) (33.5)
Cash and cash equivalents, beginning of period 118.9 132.6 166.1
Cash and cash equivalents, end of period 500.5 118.9 132.6
Supplemental cash flow information      
Cash paid for interest 4.0 6.1 3.6
Cash paid for income taxes $ 6.1 $ 1.2 $ 8.5