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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 26, 2022

Accounting Policies [Abstract]

Property, Plant and Equipment

In general, the Company’s policy for useful lives is as follows:

Furniture and fixtures			5 years
Buildings and building improvements			5 to 40 years
Machinery and equipment			3 to 15 years
Vehicles			5 years
Computer hardware/software			3 years
Leasehold improvements			Shorter of estimated useful life or lease term

Property and equipment, net consisted of the following:

(in millions of U.S. Dollars)			June 26, 2022						June 27, 2021
Machinery and equipment			$1,167.3						$988.6
Land and buildings			407.4						383.9
Computer hardware/software			61.9						51.5
Furniture and fixtures			8.0						8.0
Leasehold improvements and other			11.0						9.6
Vehicles			0.6						0.7
Finance lease assets			10.3						15.5
Construction in progress			802.3						767.8
Property and equipment, gross			2,468.8						2,225.6
Accumulated depreciation			(987.7)						(933.3)
Property and equipment, net			$1,481.1						$1,292.3

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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