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Income Taxes - Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions | Jun. 27, 2021 | Jun. 28, 2020
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Deferred tax assets: |  |
Compensation | $ 10.4 | $ 4.4
Inventories | 13.6 | 7.9
Sales return reserve and allowance for bad debts | 2.3 | 2.6
Federal and state net operating loss carryforwards | 360.6 | 180.1
Federal credits | 42.1 | 30.3
State credits | 1.2 | 1.9
48C investment tax credits | 36.6 | 37.5
Investments | 0.3 | 0.0
Stock-based compensation | 6.1 | 8.3
Deferred revenue | 26.3 | 23.1
Lease liabilities | 6.2 | 6.5
Other | 4.5 | 5.0
Total gross deferred assets | 510.2 | 307.6
Less valuation allowance | (414.4) | (208.5)
Deferred tax assets, net | 95.8 | 99.1
Deferred tax liabilities: |  |
Property and equipment | (36.9) | (27.8)
Intangible assets | (16.6) | (19.2)
Investments | 1.1 | 1.6
Prepaid taxes and other | (0.7) | (0.7)
Foreign earnings recapture | 0.0 | (2.0)
Taxes on unremitted foreign earnings | (1.5) | 0.0
Lease assets | (6.1) | (6.3)
Convertible notes | (34.4) | (42.1)
Total gross deferred liability | (97.3) | (99.7)
Deferred tax liability, net | $ (1.5) | $ (0.6)

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- Definition Earnings of controlled foreign corporations resulting in a deemed dividend that is in excess of their respective earnings and profits. Such earnings will be taxed at the domestic federal statutory income tax rate, rather than at the respective foreign jurisdictional rate, when adequate earnings and profits are generated in the respective jurisdiction. + References No definition available. + Details
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