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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Operating activities:    
Net loss $ (939.9) $ (689.3)
Net loss from discontinued operations 0.0 (290.6)
Net loss from continuing operations (939.9) (398.7)
Adjustments to reconcile net loss to cash used in operating activities from continuing operations:    
Depreciation and amortization 191.7 135.7
Amortization of debt issuance costs and discount, net of non-cash capitalized interest 34.7 21.7
Stock-based compensation 62.7 63.9
Unrealized loss (gain) on equity investment 9.2 (7.3)
Loss on disposal or impairment of property and equipment 152.7 1.0
Impairment of ROU Assets 4.8 0.0
Amortization of premium on investments, net (7.8) (21.4)
Paid-in-kind interest on long-term debt 75.5 0.0
Deferred income taxes 0.0 0.1
Changes in operating assets and liabilities:    
Accounts receivable, net (17.2) 30.5
Inventories (20.8) (132.9)
Prepaid expenses and other assets 7.3 (83.6)
Accounts payable (16.7) (48.2)
Accrued salaries and wages and other liabilities 22.5 (4.3)
Contract liabilities and distributor-related reserves (27.9) 11.7
Net cash used in operating activities of continuing operations (469.2) (431.8)
Net cash used in operating activities of discontinued operations 0.0 (54.3)
Cash used in operating activities (469.2) (486.1)
Investing activities:    
Purchases of property and equipment (1,059.5) (1,629.7)
Purchases of patent and licensing rights (3.9) (4.3)
Proceeds from sale of property and equipment 1.0 0.4
Purchases of short-term investments (243.2) (1,488.6)
Proceeds from maturities of short-term investments 773.1 1,244.1
Proceeds from sale of short-term investments 39.4 52.7
Reimbursement of capital expenditures from incentives and investment credits 238.6 178.4
Proceeds from sale of business 0.0 75.6
Net cash used in investing activities of continuing operations (254.5) (1,571.4)
Net cash used in investing activities of discontinued operations 0.0 (3.1)
Cash used in investing activities (254.5) (1,574.5)
Financing activities:    
Proceeds from long-term debt borrowings 240.0 1,500.0
Payments of debt issuance costs and commitment fees (40.2) (46.0)
Proceeds from issuance of common stock 203.9 10.9
Tax withholding on vested equity awards (3.9) (17.5)
Payments on long-term debt borrowings, including finance lease obligations (0.4) (0.3)
Incentive-related escrow refunds 10.0 0.0
Commitment fees on long-term incentive agreement (1.5) (1.0)
Cash provided by financing activities 407.9 1,446.1
Effects of foreign exchange changes on cash and cash equivalents 0.1 (0.1)
Net change in cash and cash equivalents (315.7) (614.6)
Cash and cash equivalents, beginning of period 1,045.9 1,757.0
Cash and cash equivalents, end of period $ 730.2 $ 1,142.4