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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2025
Jun. 29, 2025
Current assets:    
Cash and cash equivalents (includes restricted cash: $41 million and $0 million, respectively) $ 571.6 $ 467.2
Short-term investments 354.4 488.2
Total cash, cash equivalents and short-term investments 926.0 955.4
Accounts receivable, net 155.6 178.8
Inventories, net 385.5 435.4
Prepaid expenses 75.5 97.2
Investment tax credit receivable 654.0 653.4
Other current assets 118.3 222.0
Total current assets 2,314.9 2,542.2
Property and equipment, net 3,775.8 3,916.5
Intangible assets, net 24.2 23.8
Long-term investment tax credit receivable 181.3 105.0
Other assets 254.9 266.9
Total assets 6,551.1 6,854.4
Current liabilities:    
Accounts payable and accrued expenses 196.5 280.2
Contract liabilities and distributor-related reserves 72.9 50.0
Income taxes payable 0.9 0.8
Finance lease liabilities 0.0 0.5
Current maturity on long-term borrowings 0.0 6,538.0
Other current liabilities 29.3 220.5
Total current liabilities 299.6 7,090.0
Long-term liabilities:    
Finance lease liabilities - long-term 0.0 8.4
Other long-term liabilities 16.6 203.1
Liabilities subject to compromise 7,315.3 0.0
Total liabilities 7,631.5 7,301.5
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01; 3,000 shares authorized at September 28, 2025 and June 30, 2024; none issued and outstanding 0.0 0.0
Common stock, par value $0.00125; 400,000 shares authorized at September 28, 2025 and June 29, 2025; 156,479 and 155,643 shares issued and outstanding at September 28, 2025 and June 29, 2025, respectively 0.2 0.2
Additional paid-in-capital 4,103.6 4,094.1
Accumulated other comprehensive loss (3.0) (3.8)
Accumulated deficit (5,181.2) (4,537.6)
Total shareholders’ equity (1,080.4) (447.1)
Total liabilities and shareholders’ equity $ 6,551.1 $ 6,854.4