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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Sep. 24, 2023
Fair Value Disclosures [Abstract] |
Schedule of Financial Instruments Carried at Fair Value | The following table sets forth financial instruments carried at fair value within the U.S. GAAP hierarchy:
| September 24, 2023 |  | June 25, 2023
(in millions of U.S. Dollars) | Level 1 |  | Level 2 |  |  |  | Total |  | Level 1 |  | Level 2 |  |  |  | Total
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds | $388.0 |  |  | $— |  |  |  |  | $388.0 |  |  | $230.4 |  |  | $— |  |  |  |  | $230.4 |
U.S. treasury securities | 107.5 |  |  | — |  |  |  |  | 107.5 |  |  | 20.7 |  |  | — |  |  |  |  | 20.7 |
Commercial paper | — |  |  | 7.5 |  |  |  |  | 7.5 |  |  | — |  |  | 7.0 |  |  |  |  | 7.0 |
Certificates of deposit | — |  |  | 3.8 |  |  |  |  | 3.8 |  |  | — |  |  | — |  |  |  |  | — |
Total cash equivalents | 495.5 |  |  | 11.3 |  |  |  |  | 506.8 |  |  | 251.1 |  |  | 7.0 |  |  |  |  | 258.1 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. treasury securities | 690.3 |  |  | — |  |  |  |  | 690.3 |  |  | 260.4 |  |  | — |  |  |  |  | 260.4 |
Corporate bonds | — |  |  | 468.8 |  |  |  |  | 468.8 |  |  | — |  |  | 495.6 |  |  |  |  | 495.6 |
Municipal bonds | — |  |  | 141.7 |  |  |  |  | 141.7 |  |  | — |  |  | 175.3 |  |  |  |  | 175.3 |
Commercial paper | — |  |  | 127.9 |  |  |  |  | 127.9 |  |  | — |  |  | 50.2 |  |  |  |  | 50.2 |
U.S. agency securities | — |  |  | 72.6 |  |  |  |  | 72.6 |  |  | — |  |  | 76.8 |  |  |  |  | 76.8 |
Certificates of deposit | — |  |  | 57.1 |  |  |  |  | 57.1 |  |  | — |  |  | 112.3 |  |  |  |  | 112.3 |
Variable rate demand notes | — |  |  | 27.2 |  |  |  |  | 27.2 |  |  | — |  |  | 27.3 |  |  |  |  | 27.3 |
Total short-term investments | 690.3 |  |  | 895.3 |  |  |  |  | 1,585.6 |  |  | 260.4 |  |  | 937.5 |  |  |  |  | 1,197.9 |
Total cash equivalents and short-term investments | $1,185.8 |  |  | $906.6 |  |  |  |  | $2,092.4 |  |  | $511.5 |  |  | $944.5 |  |  |  |  | $1,456.0 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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