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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Dec. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill by Reporting Unit | Goodwill by reporting unit as of December 29, 2019 was as follows:
(in millions of U.S. Dollars) | December 29, 2019
Wolfspeed | $349.7 |
LED Products | 180.3 |
Total | $530.0 |
Schedule of Components of Intangible Assets | The following table presents the components of intangible assets, net:
| December 29, 2019 |  |  |  |  |  | June 30, 2019 |  |  |  |
(in millions of U.S. Dollars) | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Customer relationships | $147.8 |  |  | ($66.9) |  |  | $80.9 |  |  | $147.8 |  |  | ($63.8) |  |  | $84.0 |
Developed technology | 74.9 |  |  | (27.0) |  |  | 47.9 |  |  | 75.9 |  |  | (24.5) |  |  | 51.4 |
Non-compete agreements | 12.2 |  |  | (5.6) |  |  | 6.6 |  |  | 12.2 |  |  | (4.1) |  |  | 8.1 |
Trade names, finite-lived | 0.5 |  |  | (0.5) |  |  | — |  |  | 0.5 |  |  | (0.5) |  |  | — |
Acquisition related intangible assets | 235.4 |  |  | (100.0) |  |  | 135.4 |  |  | 236.4 |  |  | (92.9) |  |  | 143.5 |
Patent and licensing rights | 112.8 |  |  | (60.5) |  |  | 52.3 |  |  | 120.4 |  |  | (66.0) |  |  | 54.4 |
Total intangible assets | $348.2 |  |  | ($160.5) |  |  | $187.7 |  |  | $356.8 |  |  | ($158.9) |  |  | $197.9 |
Schedule of Future Amortization Expense of Finite-lived Intangible Assets | Total future amortization expense of intangible assets is estimated to be as follows:
(in millions of U.S. Dollars) Fiscal Year Ending | Acquisition Related Intangibles |  | Patents |  | Total
June 28, 2020 (remainder of fiscal 2020) | $7.2 |  |  | $4.4 |  |  | $11.6 |
June 27, 2021 | 14.5 |  |  | 8.1 |  |  | 22.6 |
June 26, 2022 | 13.5 |  |  | 7.3 |  |  | 20.8 |
June 25, 2023 | 11.0 |  |  | 6.3 |  |  | 17.3 |
June 30, 2024 | 10.4 |  |  | 5.4 |  |  | 15.8 |
Thereafter | 78.8 |  |  | 20.8 |  |  | 99.6 |
Total future amortization expense | $135.4 |  |  | $52.3 |  |  | $187.7 |

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