CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Sep. 26, 2015	Jun. 27, 2015
Current assets:
Cash and cash equivalents	$ 142.1	$ 14.5
Accounts receivable, net	156.6	150.5
Inventories	102.9	99.7
Prepayments and other current assets	52.1	46.1
Total current assets	453.7	310.8
Property, plant and equipment, net	141.5	143.2
Goodwill and intangibles, net	25.3	27.4
Deferred income taxes, net	28.9	30.3
Other non-current assets	0.3	0.9
Total assets	649.7	512.6
Current liabilities:
Accounts payable	83.0	77.9
Accrued payroll and related expenses	20.8	17.7
Income taxes payable	3.6	3.7
Accrued expenses	14.5	11.5
Other current liabilities	10.7	11.4
Total current liabilities	132.6	122.2
Other non-current liabilities	16.3	9.8
Total liabilities	$ 148.9	$ 132.0
Commitments and contingencies (Note 13)
Mezzanine equity:
Total mezzanine equity	$ 33.8
Stockholders’ equity:
Viavi net investment		$ 368.1
Common stock, $0.001 par value, 990,000,000 authorized shares, 58,970,645 shares issued and outstanding as of September 26, 2015, and no shares issued and outstanding as of June 27, 2015	0.1
Additional paid-in capital	448.5
Retained earnings	11.4
Accumulated other comprehensive income	7.0	12.5
Total stockholders’ equity	467.0	380.6
Total liabilities, mezzanine and stockholders’ equity	649.7	$ 512.6
Series A Preferred Stock
Mezzanine equity:
Non-controlling Interest Redeemable convertible Series A preferred stock, $0.001 par value, 10,000,000 authorized shares; 35,805 shares issued and outstanding as of September 26, 2015, and no shares issued and outstanding as of June 27, 2015	$ 33.8