XML 68 R58.htm IDEA: XBRL DOCUMENT
v3.22.1

Fair Value of Financial Instruments - Summary (Details) - USD ($) $ in Millions | Mar. 27, 2022 | Jun. 27, 2021
--- | --- | ---
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | $ 306.3 | $ 204.2
Total short-term investments | 800.2 | 775.6
Total cash equivalents and short-term investments | 1,106.5 | 979.8
Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 170.5 | 141.3
Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 466.1 | 459.5
U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 3.9 | 15.8
U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 98.7 | 72.5
Certificates of deposit |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 16.5
Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 29.0 | 50.0
Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 24.6 | 20.0
Non-U.S. government securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 7.4 | 0.0
Money market funds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 167.3 | 96.9
Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 5.7 | 16.0
Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.6 | 0.0
U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 6.0
U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 72.5 | 0.0
Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 60.2 | 62.4
Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 22.9
Level 1 |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 239.8 | 96.9
Total short-term investments | 98.7 | 72.5
Total cash equivalents and short-term investments | 338.5 | 169.4
Level 1 | Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 98.7 | 72.5
Level 1 | Certificates of deposit |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | Non-U.S. government securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 1 | Money market funds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 167.3 | 96.9
Level 1 | Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 1 | Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 1 | U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 1 | U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 72.5 | 0.0
Level 1 | Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 1 | Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 2 |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 66.5 | 107.3
Total short-term investments | 701.5 | 703.1
Total cash equivalents and short-term investments | 768.0 | 810.4
Level 2 | Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 170.5 | 141.3
Level 2 | Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 466.1 | 459.5
Level 2 | U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 3.9 | 15.8
Level 2 | U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 2 | Certificates of deposit |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 16.5
Level 2 | Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 29.0 | 50.0
Level 2 | Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 24.6 | 20.0
Level 2 | Non-U.S. government securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 7.4 | 0.0
Level 2 | Money market funds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 2 | Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 5.7 | 16.0
Level 2 | Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.6 | 0.0
Level 2 | U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 6.0
Level 2 | U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 2 | Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 60.2 | 62.4
Level 2 | Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 22.9
Level 3 |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Total short-term investments | 0.0 | 0.0
Total cash equivalents and short-term investments | 0.0 | 0.0
Level 3 | Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | Certificates of deposit |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | Non-U.S. government securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total short-term investments | 0.0 | 0.0
Level 3 | Money market funds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 3 | Municipal bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 3 | Corporate bonds |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 3 | U.S. agency securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 3 | U.S. treasury securities |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 3 | Commercial paper |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | 0.0 | 0.0
Level 3 | Variable rate demand notes |  |
Assets, Fair Value Disclosure [Abstract] |  |
Total cash equivalents | $ 0.0 | $ 0.0

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MunicipalBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CorporateBondSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CertificatesOfDepositMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialPaperNotIncludedWithCashAndCashEquivalentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_VariableRateDemandObligationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_ForeignGovernmentDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_MoneyMarketFundsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_MunicipalBondsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_CorporateBondSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_USGovernmentCorporationsAndAgenciesSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_CommercialPaperMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CashAndCashEquivalentsAxis=us-gaap_VariableRateDemandObligationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |