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Restructuring (Tables)

12 Months Ended

Jun. 29, 2025

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Exit And Disposal Costs Associated With The Operational Plan

A summary of the charges recognized in the consolidated statements of operations through the fourth quarter of fiscal 2025 resulting from these restructuring activities is shown below:

			Fiscal Year Ended
(in millions of U.S. Dollars)			June 29, 2025
Accelerated depreciation			33.6
Other closure-related costs			63.5
Total cost of revenue, net			97.1
Impairments on abandoned assets			170.2
Severance(1)			72.9
Accelerated depreciation			11.4
Contract termination costs			18.6
Other closure-related costs			32.0
Restructuring and other expenses			305.1
Total			402.2

(1)Employee severance and benefit costs include the early exit program activity.

A summary of the balance sheet activity during fiscal 2025 related to the 2025 Restructuring Plan is shown below:

(in millions of U.S. Dollars)			As of June 30, 2024						Charges			Usage			June 29, 2025
Employee severance and benefit costs(1)			$—						$72.9			($47.7)			$25.2
Contract termination liability			—						18.6			(13.1)			5.5
Total			$—						$91.5			($60.8)			$30.7

(1)Employee severance and benefit costs includes the early exit program activity.

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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