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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Sep. 28, 2025
Sep. 29, 2024
Operating activities:    
Net loss $ (643.6) $ (282.2)
Adjustments to reconcile net loss to cash used in operating activities from continuing operations:    
Non-cash reorganization items 475.7 0.0
Depreciation and amortization 69.3 71.1
Gain on sale of property (5.7) 0.0
Gain on RTP Fab Transfer (25.4) 0.0
Amortization and write-off of deferred financing costs 0.0 6.7
Stock-based compensation 13.6 23.7
Loss on equity investment 10.9 0.0
Inventory write-off 29.0 0.0
Loss on disposal or impairment of property and equipment (0.2) (0.6)
Amortization of premium on investments, net (1.2) (3.8)
Realized loss on sale of investments 0.0 0.1
Changes in operating assets and liabilities:    
Accounts receivable, net 23.2 2.0
Inventories 0.7 (25.6)
Prepaid expenses and other assets 42.2 (10.5)
Accounts payable 22.4 20.2
Accrued salaries and wages and other liabilities (28.4) 65.1
Contract liabilities and distributor-related reserves 22.8 0.6
Cash provided by (used in) operating activities 5.7 (132.0)
Investing activities:    
Purchases of property and equipment (104.0) (437.0)
Purchases of patent and licensing rights (1.4) (1.2)
Proceeds from sale of property and equipment 13.9 0.0
Proceeds from sale of MACOM shares 92.7 0.0
Purchases of short-term investments (83.4) (56.1)
Proceeds from maturities of short-term investments 151.8 256.2
Proceeds from sale of short-term investments 67.2 3.1
Reimbursement of capital expenditures from incentives and investment credits 0.1 42.0
Cash provided by (used in) investing activities 136.9 (193.0)
Financing activities:    
Adequate protection payments on Existing Senior Secured Notes (38.4) 0.0
Tax withholding on vested equity awards (0.6) (3.6)
Payments on long-term debt borrowings, including finance lease obligations 0.0 (0.1)
Incentive-related escrow refunds 0.0 10.0
Commitment fees on long-term incentive agreement 0.0 (1.5)
Cash (used in) provided by financing activities (39.0) 4.8
Effects of foreign exchange changes on cash and cash equivalents 0.8 0.4
Net change in cash, cash equivalents and restricted cash 104.4 (319.8)
Cash, cash equivalents and restricted cash, beginning of period 467.2 1,045.9
Cash, cash equivalents and restricted cash, end of period $ 571.6 $ 726.1