XML 108 R91.htm IDEA: XBRL DOCUMENT v3.25.2
Income Taxes - Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
Jun. 29, 2025
Jun. 30, 2024
Deferred tax assets:    
Compensation $ 8.3 $ 5.4
Inventories 45.3 45.4
Sales return reserve and allowance for bad debts 8.1 11.2
Federal and state net operating loss carryforwards 691.0 506.8
Federal income tax credits 77.0 69.7
State income tax credits 0.7 0.7
48C investment tax credits 35.7 35.7
Investments 0.6 2.3
Stock-based compensation 9.0 10.7
Deferred revenue 25.0 35.0
Lease liabilities 35.1 28.7
Capitalized research and development 120.1 101.6
Convertible notes 58.5 62.6
Nondeductible interest carryforward 95.3 27.7
Other 14.1 3.0
Total gross deferred assets 1,223.8 946.5
Less valuation allowance (1,041.4) (734.1)
Deferred tax assets, net 182.4 212.4
Deferred tax liabilities:    
Property and equipment (122.4) (123.8)
Intangible assets (5.0) (58.6)
Other long-term investments (9.0) (4.0)
Prepaid taxes (0.5) (0.5)
Foreign earnings recapture (4.2) (4.2)
Taxes on unremitted foreign earnings (7.0) (6.9)
Lease assets (29.1) (23.8)
Other (4.6) (0.3)
Total gross deferred liability (181.8) (222.1)
Deferred tax assets, net $ 0.6  
Deferred tax liability, net   $ (9.7)