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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Jun. 30, 2019
Operating activities:      
Net loss $ (522.5) $ (190.6) $ (375.1)
Net (loss) income from discontinued operations (181.2) 7.0 (256.6)
Net loss from continuing operations (341.3) (197.6) (118.5)
Adjustments to reconcile net loss from continuing operations to cash (used in) provided by operating activities:      
Depreciation and amortization 120.9 97.1 86.2
Amortization of debt issuance costs and discount, net of capitalized interest 32.8 26.2 18.3
Gain on partial extinguishment of debt 0.0 (11.0) 0.0
Stock-based compensation 53.2 47.2 42.9
Abandonment of long-lived assets 73.9 0.0 0.0
Loss on disposal or impairment of long-lived assets 5.0 4.5 5.0
Amortization of premium/discount on investments 6.9 1.7 2.3
Realized (gain) loss on sale of investments (0.4) (1.5) 0.1
(Gain) loss on equity investment (8.3) (14.2) 16.2
Foreign exchange (gain) loss on equity investment (2.2) (2.2) 1.3
Deferred income taxes 0.9 (0.5) (0.6)
Changes in operating assets and liabilities:      
Accounts receivable, net (23.5) (3.2) (10.4)
Inventories (44.6) (8.5) (24.3)
Prepaid expenses and other assets (20.0) (3.0) (3.6)
Accounts payable, trade 21.7 (7.2) 24.3
Accrued salaries and wages and other liabilities 15.3 (24.9) 40.8
Accrued contract liabilities (2.8) 5.5 17.2
Net cash (used in) provided by operating activities of continuing operations (112.5) (91.6) 97.2
Net cash (used in) provided by operating activities of discontinued operations (13.0) 62.6 105.1
Cash (used in) provided by operating activities (125.5) (29.0) 202.3
Investing activities:      
Purchases of property and equipment (570.5) (229.9) (124.7)
Purchases of patent and licensing rights (5.9) (4.4) (3.3)
Proceeds from sale of property and equipment, including insurance proceeds 2.3 2.6 0.3
Purchases of short-term investments (475.0) (821.4) (517.2)
Proceeds from maturities of short-term investments 428.3 460.6 177.4
Proceeds from sale of short-term investments 51.7 118.0 46.4
Reimbursement of property and equipment purchases from long-term incentive agreement 10.7 0.0 0.0
Proceeds from sale of business, net 43.7 0.0 219.0
Proceeds from sale of long-term investment 66.4 0.0 0.0
Net cash used in investing activities of continuing operations (448.3) (474.5) (202.1)
Net cash used in investing activities of discontinued operations (0.3) (12.4) (25.0)
Cash used in investing activities (448.6) (486.9) (227.1)
Financing activities:      
Proceeds from long-term debt borrowings 30.0 0.0 95.0
Payments on long-term debt borrowings, including finance lease obligations (30.4) (145.1) (387.0)
Proceeds from issuance of common stock 539.7 76.4 158.0
Tax withholding on vested equity awards (36.2) (16.9) (21.6)
Proceeds from convertible notes 0.0 575.0 575.0
Payments of debt issuance costs 0.0 (13.6) (12.9)
Refunds on incentive-related escrow deposits 1.5 0.0 0.0
Incentive-related refundable escrow deposits 0.0 (11.5) 0.0
Commitment fee on long-term incentive agreement (0.5) 0.0 0.0
Net cash provided by financing activities of continuing operations 504.1 464.3 406.5
Effects of foreign exchange changes on cash and cash equivalents 0.2 (0.1) (0.1)
Net change in cash and cash equivalents (69.8) (51.7) 381.6
Cash and cash equivalents, beginning of period 448.8 500.5 118.9
Cash and cash equivalents, end of period $ 379.0 $ 448.8 $ 500.5