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Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The following table summarizes changes in goodwill during the three months ended September 27, 2020:
(in millions of U.S. Dollars)WolfspeedLED ProductsTotal
Balance at June 28, 2020$349.7 $180.3 $530.0 
Impairment— (105.7)(105.7)
Balance at September 27, 2020$349.7 $74.6 $424.3 
Schedule of Components of Intangible Assets
The following table presents the components of intangible assets, net:
September 27, 2020June 28, 2020
(in millions of U.S. Dollars)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Customer relationships$147.8 ($71.5)$76.3 $147.8 ($70.0)$77.8 
Developed technology74.9 (31.1)43.8 74.9 (29.7)45.2 
Non-compete agreements12.2 (7.8)4.4 12.2 (7.1)5.1 
Trade names0.5 (0.5)— 0.5 (0.5)— 
Acquisition related intangible assets235.4 (110.9)124.5 235.4 (107.3)128.1 
Patent and licensing rights114.8 (63.9)50.9 114.6 (63.1)51.5 
Total intangible assets$350.2 ($174.8)$175.4 $350.0 ($170.4)$179.6 
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 IntangiblesPatentsTotal
June 27, 2021$10.9 $6.6 $17.5 
June 26, 202213.5 7.9 21.4 
June 25, 202311.0 6.9 17.9 
June 30, 202410.4 6.0 16.4 
June 29, 202510.4 4.8 15.2 
Thereafter68.3 18.7 87.0 
Total future amortization expense$124.5 $50.9 $175.4