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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 26, 2022
Jun. 27, 2021
Jun. 28, 2020
Operating activities:      
Net loss $ (200.9) $ (522.5) $ (190.6)
Net income (loss) from discontinued operations 94.2 (181.2) 7.0
Net loss from continuing operations (295.1) (341.3) (197.6)
Adjustments to reconcile net loss from continuing operations to cash used in operating activities:      
Depreciation and amortization 129.8 120.9 97.1
Amortization of debt issuance costs and discount, net of non-cash capitalized interest 20.1 32.8 26.2
Loss (gain) on extinguishment of debt 24.8 0.0 (11.0)
Stock-based compensation 60.9 53.2 47.2
Abandonment of long-lived assets 0.0 73.9 0.0
Loss on disposal or impairment of long-lived assets 1.0 5.0 4.5
Amortization of premium/discount on investments 6.1 6.9 1.7
Realized gain on sale of investments (0.3) (0.4) (1.5)
Gain on equity investment 0.0 (8.3) (14.2)
Foreign exchange gain on equity investment 0.0 (2.2) (2.2)
Deferred income taxes 0.7 0.9 (0.5)
Changes in operating assets and liabilities:      
Accounts receivable, net (54.3) (23.5) (3.2)
Inventories (68.8) (44.6) (8.5)
Prepaid expenses and other assets (0.4) (20.0) (3.0)
Accounts payable, trade 29.2 21.7 (7.2)
Accrued salaries and wages and other liabilities (10.5) 15.3 (24.9)
Accrued contract liabilities 2.6 (2.8) 5.5
Net cash used in operating activities of continuing operations (154.2) (112.5) (91.6)
Net cash (used in) provided by operating activities of discontinued operations 0.0 (13.0) 62.6
Cash used in operating activities (154.2) (125.5) (29.0)
Investing activities:      
Purchases of property and equipment (644.9) (570.5) (229.9)
Purchases of patent and licensing rights (5.7) (5.9) (4.4)
Proceeds from sale of property and equipment, including insurance proceeds 3.1 2.3 2.6
Purchases of short-term investments (475.0) (475.0) (821.4)
Proceeds from maturities of short-term investments 242.3 428.3 460.6
Proceeds from sale of short-term investments 225.2 51.7 118.0
Reimbursement of property and equipment purchases from long-term incentive agreement 139.0 10.7 0.0
Proceeds from sale of business, net, including receipt of note receivable 125.0 43.7 0.0
Proceeds from sale of long-term investment 0.0 66.4 0.0
Net cash used in investing activities of continuing operations (391.0) (448.3) (474.5)
Net cash used in investing activities of discontinued operations 0.0 (0.3) (12.4)
Cash used in investing activities (391.0) (448.6) (486.9)
Financing activities:      
Proceeds from long-term debt borrowings 20.0 30.0 0.0
Payments on long-term debt borrowings, including finance lease obligations (20.5) (30.4) (145.1)
Proceeds from issuance of common stock 22.4 539.7 76.4
Tax withholding on vested equity awards (29.1) (36.2) (16.9)
Proceeds from convertible notes 750.0 0.0 575.0
Payments of debt issuance costs (17.7) 0.0 (13.6)
Cash paid for capped call transactions (108.2) 0.0 0.0
Incentive-related escrow refunds/(deposits) 0.0 1.5 (11.5)
Commitment fees on long-term incentive agreement (1.0) (0.5) 0.0
Net cash provided by financing activities of continuing operations 615.9 504.1 464.3
Effects of foreign exchange changes on cash and cash equivalents (0.2) 0.2 (0.1)
Net change in cash and cash equivalents 70.5 (69.8) (51.7)
Cash and cash equivalents, beginning of period 379.0 448.8 500.5
Cash and cash equivalents, end of period $ 449.5 $ 379.0 $ 448.8