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Basis of Presentation and New Accounting Standards (Tables)

6 Months Ended

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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