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Basis of Presentation and New Accounting Standards (Tables) | 6 Months Ended
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Dec. 29, 2024
Accounting Policies [Abstract] |
Schedule of Accounts Receivable, Net |
(in millions of U.S. Dollars) | December 29, 2024 |  | June 30, 2024
Billed trade receivables | $149.9 |  |  | $143.3 |
Unbilled contract receivables | 3.6 |  |  | 3.5 |
Royalties | 1.1 |  |  | 1.3 |
| 154.6 |  |  | 148.1 |
Allowance for bad debts | (0.7) |  |  | (0.7) |
Accounts receivable, net | $153.9 |  |  | $147.4 |
Schedule of Inventories |
(in millions of U.S. Dollars) | December 29, 2024 |  | June 30, 2024
Raw material | $163.8 |  |  | $138.7 |
Work-in-progress | 310.0 |  |  | 290.5 |
Finished goods | 3.3 |  |  | 11.5 |
Inventories | $477.1 |  |  | $440.7 |
Schedule of Other Current Assets |
(in millions of U.S. Dollars) | December 29, 2024 |  | June 30, 2024
Reimbursement receivable on long-term incentive agreement | $33.1 |  |  | $85.8 |
Other | 90.0 |  |  | 94.0 |
Other current assets | $123.1 |  |  | $179.8 |
Schedule of Accounts Payable and Accrued Expenses |
(in millions of U.S. Dollars) | December 29, 2024 |  | June 30, 2024
Accounts payable, trade | $54.2 |  |  | $53.0 |
Accrued property and equipment | 254.2 |  |  | 366.0 |
Accrued salaries and wages | 97.4 |  |  | 64.2 |
Accrued expenses | 50.3 |  |  | 40.4 |
Accounts payable and accrued expenses | $456.1 |  |  | $523.6 |
Schedule of Other Operating Expense |
| Three months ended |  | Six months ended |
(in millions of U.S. Dollars) | December 29, 2024 |  | December 31, 2023 |  | December 29, 2024 | December 31, 2023 |  |  |  |
Restructuring costs and other exit costs | $32.2 |  |  | $— |  |  | $85.0 |  | $— |  |  |  |  |
Executive severance costs | 1.4 |  |  | — |  |  | 1.4 |  | — |  |  |  |  |
Project, transformation and transaction costs | 7.8 |  |  | 4.6 |  |  | 13.8 |  | 7.2 |  |  |  |  |
Other | — |  |  | — |  |  | 1.4 |  | — |  |  |  |  |
Other operating expense | $41.4 |  |  | $4.6 |  |  | $101.6 |  | $7.2 |  |  |  |  |
Schedule of Non-Operating Expense (Income), Net |
| Three months ended |  | Six months ended |
(in millions of U.S. Dollars) | December 29, 2024 |  | December 31, 2023 |  | December 29, 2024 |  | December 31, 2023 |  |  |  |
Interest income | (17.0) |  |  | (38.2) |  |  | (39.2) |  |  | (78.8) |  |  |  |  |
Interest expense, net of capitalized interest | 80.5 |  |  | 64.3 |  |  | 145.0 |  |  | 126.0 |  |  |  |  |
Loss on Wafer Supply Agreement | — |  |  | 6.6 |  |  | 9.2 |  |  | 13.5 |  |  |  |  |
Unrealized gain on equity investment | (15.7) |  |  | (5.4) |  |  | (15.7) |  |  | (5.4) |  |  |  |  |
Other, net | 1.5 |  |  | 0.5 |  |  | 1.7 |  |  | 1.0 |  |  |  |  |
Non-operating expense, net | $49.3 |  |  | $27.8 |  |  | $101.0 |  |  | $56.3 |  |  |  |  |
Schedule of Noncash Operating Activities |
| Six months ended
(in millions of U.S. Dollars) | December 29, 2024 |  | December 31, 2023
Decrease in property, plant and equipment from investment tax credit receivables | $223.3 |  |  | $211.0 |
Decrease in property, plant and equipment from long-term incentive related receivables | — |  |  | 104.3 |
Proceeds on sale of business received in US corporation common stock | — |  |  | 60.8 |
Receivables in connection with short-term investment maturities | — |  |  | 40.0 |
Lease asset and liability additions | 25.0 |  |  | 1.2 |
Lease asset and liability modifications, net | 2.6 |  |  | 1.9 |
Lease terminations | — |  |  | (1.4) |
Commitment fee payable for 2030 Senior Notes | 29.3 |  |  | — |
Fees payable in connection with at-the-market program | 2.4 |  |  | — |

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