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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended 39 Months Ended
Sep. 24, 2023
Sep. 25, 2022
Sep. 24, 2023
Operating activities:      
Net loss $ (395.7) $ (26.2)  
Net loss from discontinued operations (272.1) (12.1)  
Net loss from continuing operations (123.6) (14.1)  
Adjustments to reconcile net loss to cash used in operating activities:      
Depreciation and amortization 40.1 33.5  
Amortization of debt issuance costs and discount, net of non-cash capitalized interest 7.2 1.3  
Stock-based compensation 19.7 19.8  
Loss on disposal or impairment of long-lived assets, including loss on disposal portion of factory start-up costs 0.0 1.9  
Amortization of (premium) discount on investments, net (5.3) 1.4  
Deferred income taxes 0.3 0.2  
Changes in operating assets and liabilities:      
Accounts receivable, net 0.6 (8.2)  
Inventories (50.0) (13.5)  
Prepaid expenses and other assets (34.7) 0.6  
Accounts payable (18.1) (4.8)  
Accrued salaries and wages and other liabilities 45.3 (25.2)  
Accrued contract liabilities 5.8 0.4  
Net cash used in operating activities of continuing operations (112.7) (6.7)  
Net cash used in operating activities of discontinued operations (34.7) (6.0)  
Cash used in operating activities (147.4) (12.7)  
Investing activities:      
Purchases of property and equipment (442.0) (107.7)  
Purchases of patent and licensing rights (1.3) (1.1)  
Proceeds from sale of property and equipment 0.0 1.6  
Purchases of short-term investments (775.3) (28.9)  
Proceeds from maturities of short-term investments 370.0 68.8  
Proceeds from sale of short-term investments 24.8 25.4  
Reimbursement of property and equipment purchases from long-term incentive agreement 39.6 46.7 $ 344.8
Proceeds from sale of business resulting from the receipt of transaction related note receivable 0.0 101.8  
Net cash (used in) provided by investing activities of continuing operations (784.2) 106.6  
Net cash used in investing activities of discontinued operations (1.7) (3.8)  
Cash (used in) provided by investing activities (785.9) 102.8  
Financing activities:      
Proceeds from long-term debt borrowings 1,000.0 0.0  
Payments of debt issuance costs (46.0) 0.0  
Proceeds from issuance of common stock 0.5 0.5  
Tax withholding on vested equity awards (15.0) (16.9)  
Payments on long-term debt borrowings, including finance lease obligations (0.1) (0.2)  
Commitment fees on long-term incentive agreement (1.0) (1.0)  
Cash provided by (used in) financing activities 938.4 (17.6)  
Effects of foreign exchange changes on cash and cash equivalents (0.1) (0.4)  
Net change in cash and cash equivalents 5.0 72.1  
Cash and cash equivalents, beginning of period 1,757.0 449.5  
Cash and cash equivalents, end of period $ 1,762.0 $ 521.6 $ 1,762.0