
(in millions of U.S. Dollars)	September 24, 2023	June 25, 2023
Billed trade receivables	$150.6	$152.1
Unbilled contract receivables	3.1	2.3
Royalties	1.2	1.1
	154.9	155.5

Allowance for bad debts	(0.7)	(0.7)
Accounts receivable, net	$154.2	$154.8


(in millions of U.S. Dollars)	September 24, 2023	June 25, 2023
Raw material	$105.2	$90.7
Work-in-progress	218.9	183.2
Finished goods	16.8	14.9
Inventories	$340.9	$288.8

In addition to inventory held by the Company associated with the power and materials product lines, the Company holds inventory related to a master supply agreement that will be entered into in connection with the RF Business Divestiture (the Master Supply Agreement). Of the total inventory noted above, $30.7 million and $29.7 million relates to the future Master Supply Agreement as of September 24, 2023 and June 25, 2023, respectively.


(in millions of U.S. Dollars)	September 24, 2023	June 25, 2023
Reimbursement receivable on long-term incentive agreement	$99.5	$91.3
Accrued interest receivable	13.3	10.1
Other receivables	11.0	2.2
Short-term deposit on long-term incentive agreement	10.0	10.0
VAT receivables	9.8	4.8
Insurance deposit	4.2	6.3
Inventory related to the Wafer Supply Agreement	3.6	3.9
Receivable on the Wafer Supply Agreement	0.9	1.3
Other	1.4	1.6
Other current assets	$153.7	$131.5


(in millions of U.S. Dollars)	September 24, 2023	June 25, 2023
Accounts payable, trade	$64.9	$44.9
Accrued salaries and wages	89.6	63.9
Accrued property and equipment	340.2	328.4
Accrued expenses	54.2	97.3

Accounts payable and accrued expenses	$548.9	$534.5


	Three months ended
(in millions of U.S. Dollars)		September 24, 2023	September 25, 2022





Project, transformation and transaction costs		$2.6	$0.9

Executive severance costs		—	1.0

Other operating expense		$2.6	$1.9

Accumulated other comprehensive loss, net of taxes, consisted of $23.2 million and $25.1 million of net unrealized losses on available-for-sale securities as of September 24, 2023 and June 25, 2023, respectively. Amounts for both periods include a $2.4 million loss related to tax on unrealized loss on available-for-sale securities.

Reclassifications out of accumulated other comprehensive loss was a less than $0.1 million gain for both the three months ended September 24, 2023 and the three months ended September 25, 2022. Amounts were reclassified to non-operating expense (income), net on the consolidated statements of operations.


	Three months ended
(in millions of U.S. Dollars)		September 24, 2023	September 25, 2022
Interest income		(40.6)	(4.3)
Interest expense, net of capitalized interest		61.7	4.8
Gain on arbitration proceedings (1)		—	(49.4)

Loss (gain) on Wafer Supply Agreement		6.9	(0.1)




Other, net		0.5	(0.5)
Non-operating expense (income), net		$28.5	($49.5)

(1) In the first quarter of fiscal 2023, the Company received an arbitration award in relation to a former customer failing to fulfill contractual obligations to purchase a certain amount of product over a period of time. The arbitration award is recognized as non-operating income, net of legal fees incurred.


	Three months ended
(in millions of U.S. Dollars)	September 24, 2023	September 25, 2022
Lease asset and liability additions	$1.0	$0.4
Lease asset and liability modifications, net	1.8	—



Decrease in property, plant and equipment from investment tax credit receivables	73.5	—
Decrease in property, plant and equipment from long-term incentive related receivables	47.7	22.1

Accrued property and equipment as of September 24, 2023 and September 25, 2022 was $340.2 million and $146.3 million, respectively.