XML 67 R55.htm IDEA: XBRL DOCUMENT v3.22.4

Fair Value of Financial Instruments - Summary (Details) - USD ($) $ in Millions	Dec. 25, 2022	Jun. 26, 2022
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	$ 676.3	$ 244.3
Total short-term investments	1,399.3	749.3
Total cash equivalents and short-term investments	2,075.6	993.6
Corporate bonds
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	598.1	448.0
U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	250.1	65.8
Certificates of deposit
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	196.9	0.0
Municipal bonds
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	175.7	162.2
Variable rate demand notes
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	94.4	69.4
Commercial paper
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	64.0	0.0
U.S. agency securities
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	20.1	3.9
U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	307.0	69.0
Money market funds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	253.5	115.9
Commercial paper
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	67.6	59.4
Certificates of deposit
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	38.8	0.0
Corporate bonds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	8.4	0.0
Municipal bonds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	1.0	0.0
Level 1
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	560.5	184.9
Total short-term investments	250.1	65.8
Total cash equivalents and short-term investments	810.6	250.7
Level 1 | Corporate bonds
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	250.1	65.8
Level 1 | Certificates of deposit
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	0.0	0.0
Level 1 | Municipal bonds
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 | Commercial paper
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 cash equivalents	307.0	69.0
Level 1 | Money market funds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	253.5	115.9
Level 1 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	0.0	0.0
Level 1 | Certificates of deposit
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 | Municipal bonds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	0.0	0.0
Level 2
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	115.8	59.4
Total short-term investments	1,149.2	683.5
Total cash equivalents and short-term investments	1,265.0	742.9
Level 2 | Corporate bonds
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	598.1	448.0
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	196.9	0.0
Level 2 | Municipal bonds
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	175.7	162.2
Level 2 | Variable rate demand notes
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	94.4	69.4
Level 2 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	64.0	0.0
Level 2 | U.S. agency securities
Assets, Fair Value Disclosure [Abstract]
Total short-term investments	20.1	3.9
Level 2 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	0.0	0.0
Level 2 | Money market funds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	0.0	0.0
Level 2 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	67.6	59.4
Level 2 | Certificates of deposit
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	38.8	0.0
Level 2 | Corporate bonds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	8.4	0.0
Level 2 | Municipal bonds
Assets, Fair Value Disclosure [Abstract]
Total cash equivalents	$ 1.0	$ 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 https://asc.fasb.org/extlink&oid=126976982&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

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

- Definition

Amount excluding accrued interest, 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/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 30
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleExcludingAccruedInterest
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

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_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_MunicipalBondsMember
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_CommercialPaperNotIncludedWithCashAndCashEquivalentsMember
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_CashAndCashEquivalentsAxis=us-gaap_USTreasurySecuritiesMember
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_CommercialPaperMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CashAndCashEquivalentsAxis=us-gaap_CertificatesOfDepositMember
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_MunicipalBondsMember
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: