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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Schedule of Property and Equipment

In general, the Company’s policy for useful lives is as follows:

Buildings and building improvements			5 to 40 years
Machinery and equipment			3 to 10 years
Furniture and fixtures			5 years
Vehicles			5 years
Computer hardware/software			3 to 10 years
Leasehold improvements			Shorter of estimated useful life or lease term

Property and equipment, net consisted of the following:

(in millions of U.S. Dollars)			June 30, 2024						June 25, 2023
Machinery and equipment			$1,500.9						$1,275.3
Land and buildings			997.3						966.4
Computer hardware/software			67.8						72.3
Furniture and fixtures			8.3						7.9
Leasehold improvements and other			148.9						11.6
Vehicles			0.7						0.6
Finance lease assets			9.1						9.5
Construction in progress			2,092.1						873.1
Property and equipment, gross			4,825.1						3,216.7
Accumulated depreciation			(1,172.8)						(1,051.2)
Property and equipment, net			$3,652.3						$2,165.5

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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