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Basis of Presentation and New Accounting Standards (Tables)

9 Months Ended

Mar. 30, 2025

Accounting Policies [Abstract]

Schedule of Accounts Receivable, Net

(in millions of U.S. Dollars)			March 30, 2025						June 30, 2024
Billed trade receivables			$161.4						$143.3
Unbilled contract receivables			2.4						3.5
Royalties			1.5						1.3
			165.3						148.1
Allowance for bad debts			(0.7)						(0.7)
Accounts receivable, net			$164.6						$147.4

Schedule of Inventories

(in millions of U.S. Dollars)			March 30, 2025						June 30, 2024
Raw material			$150.9						$138.7
Work-in-progress			304.3						290.5
Finished goods			3.9						11.5
Inventories			$459.1						$440.7

Schedule of Other Current Assets

(in millions of U.S. Dollars)			March 30, 2025						June 30, 2024
Reimbursement receivable on long-term incentive agreement			$33.1						$85.8
Assets held for sale(1)			83.2						—
MACOM Shares(2)			70.1						—
Other			63.1						94.5
Other current assets			$249.5						$180.3
(1): During the third quarter of fiscal 2025, the Company determined three facilities met the held-for-sale criteria under Accounting Standards Codification (ASC) 360. The assets included in each of the disposal groups were measured at the lower of their carrying value or fair value less costs to sell.
(2): Refer to Note 2, "Discontinued Operations," and Note 7, "Fair Value of Financial Instruments," to the consolidated financial statements included herein for additional information.

Schedule of Accounts Payable and Accrued Expenses

(in millions of U.S. Dollars)			March 30, 2025						June 30, 2024
Accounts payable, trade			$59.3						$53.0
Accrued property and equipment			219.4						366.0
Accrued salaries and wages			72.3						64.2
Accrued expenses			41.6						40.4
Accounts payable and accrued expenses			$392.6						$523.6

Schedule of Other Current Liabilities

(in millions of U.S. Dollars)			March 30, 2025						June 30, 2024
Accrued interest			$51.8						$7.3
RF Supply Agreement Liabilities(1)			75.6						47.0
Other			52.3						23.6
Other current liabilities			$179.7						$77.9
(1): Refer to Note 2, "Discontinued Operations," to the consolidated financial statements included herein for additional information.

Schedule of Other Operating Expense

			Three months ended												Nine months ended
(in millions of U.S. Dollars)			March 30, 2025						March 31, 2024						March 30, 2025			March 31, 2024
Legal settlements			$17.0						—						$17.0			—
Restructuring and other exit costs			10.0						$—						$95.0			$—
Executive severance costs			—						—						1.4			—
Project, transformation and transaction costs			6.8						5.3						20.6			12.5
Other			—						—						1.4			—
Other operating expense			$33.8						$5.3						$135.4			$12.5

Schedule of Non-Operating Expense (Income), Net

			Three months ended												Nine months ended
(in millions of U.S. Dollars)			March 30, 2025						March 31, 2024						March 30, 2025						March 31, 2024
Interest income			(19.4)						(30.1)						(58.6)						(108.9)
Interest expense, net of capitalized interest			85.4						59.5						230.4						185.5
Loss on customs matter(1)			—						7.7						—						7.7
Loss on Wafer Supply Agreement			—						6.9						9.2						20.4
Unrealized loss (gain) on equity investment			24.9						(1.9)						9.2						(7.3)
Other, net			—						0.3						1.7						1.3
Non-operating expense, net			$90.9						$42.4						$191.9						$98.7

(1) In the third quarter of fiscal 2024, the Company accrued a liability for payment of customs duties totaling approximately $7.7 million for alleged undervalued duties related to transactions by the Company's former Lighting Products business unit from 2012 to 2017.

Schedule of Noncash Operating Activities

			Nine months ended
(in millions of U.S. Dollars)			March 30, 2025						March 31, 2024
Decrease in property, plant and equipment from investment tax credit receivables			$264.5						$348.0
Decrease in property, plant and equipment from long-term incentive related receivables			—						107.3
Proceeds on sale of business received in U.S. corporation common stock			—						60.8
Receivables in connection with short-term investment maturities			—						15.0
Decrease in property, plant and equipment from insurance receivable			—						2.2
Lease asset and liability additions			35.2						1.8
Lease asset and liability modifications, net			2.9						0.9
Lease asset impairment			(4.8)						—
Commitment fee payable for 2030 Senior Notes			15.2						—

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