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v3.25.2

Investments (Tables) | 12 Months Ended
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Jun. 29, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Short-term Investments | Short-term investments as of June 29, 2025 consist of the following:
| June 29, 2025
(in millions of U.S. Dollars) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Credit Loss Allowance |  | Estimated Fair Value
Corporate bonds | $196.8 |  |  | $0.3 |  |  | ($1.5) |  |  | $— |  |  | $195.6 |
U.S. treasury securities | 192.0 |  |  | 0.1 |  |  | — |  |  | — |  |  | 192.1 |
Municipal bonds | 79.5 |  |  | 0.2 |  |  | (0.5) |  |  | — |  |  | 79.2 |
Certificates of deposit | 5.0 |  |  | — |  |  | — |  |  | — |  |  | 5.0 |
Commercial paper | 16.3 |  |  | — |  |  | — |  |  | — |  |  | 16.3 |
Total short-term investments | $489.6 |  |  | $0.6 |  |  | ($2.0) |  |  | $— |  |  | $488.2 |
Short-term investments as of June 30, 2024 consist of the following:
| June 30, 2024
(in millions of U.S. Dollars) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Credit Loss Allowance |  | Estimated Fair Value
U.S. treasury securities | $ | 553.3 |  |  | $ | — |  |  | $ | (0.6) |  |  | $ | — |  |  | $ | 552.7 |
Corporate bonds | 423.5 |  |  | 0.2 |  |  | (6.7) |  |  | — |  |  | 417.0 |
Municipal bonds | 102.8 |  |  | — |  |  | (2.0) |  |  | — |  |  | 100.8 |
Certificates of deposit | 31.5 |  |  | — |  |  | — |  |  | — |  |  | 31.5 |
Commercial paper | 16.7 |  |  | — |  |  | — |  |  | — |  |  | 16.7 |
U.S. agency securities | 10.0 |  |  | — |  |  | — |  |  | — |  |  | 10.0 |
Total short-term investments | $ | 1,137.8 |  |  | $ | 0.2 |  |  | $ | (9.3) |  |  | $ | — |  |  | $ | 1,128.7 |
Schedule of Gross Unrealized Losses and Fair Value of Short-term Investments by Type and Length of Time | The following table presents the gross unrealized losses and estimated fair value of the Company’s short-term investments, aggregated by investment type and the length of time that individual securities have been in a continuous unrealized loss position:
| June 29, 2025
| Less than 12 Months |  | Greater than 12 Months |  | Total
(in millions of U.S. Dollars) | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
Corporate bonds | $28.7 |  |  | $— |  |  | $65.2 |  |  | ($1.5) |  |  | $93.9 |  |  | ($1.5) |
U.S. treasury securities | 90.6 |  |  | — |  |  | — |  |  | — |  |  | 90.6 |  |  | — |
Municipal bonds | 6.2 |  |  | — |  |  | 41.3 |  |  | (0.5) |  |  | 47.5 |  |  | (0.5) |
Total | $125.5 |  |  | $— |  |  | $106.5 |  |  | ($2.0) |  |  | $232.0 |  |  | ($2.0) |
Number of securities with an unrealized loss |  |  | 54 |  |  |  |  | 25 |  |  |  |  | 79 |
The following table presents the gross unrealized losses and estimated fair value of the Company’s short-term investments, aggregated by investment type and the length of time that individual securities have been in a continuous unrealized loss position:
| June 30, 2024
| Less than 12 Months |  | Greater than 12 Months |  | Total
(in millions of U.S. Dollars) | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss |  | Fair Value |  | Unrealized Loss
Corporate bonds | $135.2 |  |  | ($0.2) |  |  | $183.4 |  |  | ($6.5) |  |  | $318.6 |  |  | ($6.7) |
Municipal bonds | 9.0 |  |  | — |  |  | 74.3 |  |  | (2.0) |  |  | 83.3 |  |  | (2.0) |
U.S. treasury securities | 507.4 |  |  | (0.4) |  |  | 35.9 |  |  | (0.2) |  |  | 543.3 |  |  | (0.6) |
U.S. agency securities | 14.9 |  |  | — |  |  | 10.0 |  |  | — |  |  | 24.9 |  |  | — |
Total | $666.5 |  |  | ($0.6) |  |  | $303.6 |  |  | ($8.7) |  |  | $970.1 |  |  | ($9.3) |
Number of securities with an unrealized loss |  |  | 141 |  |  |  |  | 66 |  |  |  |  | 207 |
Schedule of Contractual Maturities of Short-term Investments by Type | The contractual maturities of short-term investments at June 29, 2025 were as follows:
(in millions of U.S. Dollars) | Within One Year |  | After One, Within Five Years |  | After Five, Within Ten Years |  | After Ten Years |  | Total
Corporate bonds | $137.0 |  |  | $58.6 |  |  | $— |  |  | $— |  |  | $195.6 |
U.S. treasury securities | 176.4 |  |  | 15.7 |  |  | — |  |  | — |  |  | 192.1 |
Municipal bonds | 53.0 |  |  | 23.8 |  |  | — |  |  | 2.4 |  |  | 79.2 |
Certificates of deposit | 5.0 |  |  | — |  |  | — |  |  | — |  |  | 5.0 |
Commercial paper | 16.3 |  |  | — |  |  | — |  |  | — |  |  | 16.3 |
Total short-term investments | $387.7 |  |  | $98.1 |  |  | $— |  |  | $2.4 |  |  | $488.2 |

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