CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Dec. 26, 2015	Jun. 27, 2015
Current assets:
Cash and cash equivalents	$ 161.9	$ 14.5
Accounts receivable, net	159.1	150.5
Inventories	107.3	99.7
Prepayments and other current assets	50.4	46.1
Total current assets	478.7	310.8
Property, plant and equipment, net	151.4	143.2
Goodwill and intangibles, net	23.6	27.4
Deferred income taxes, net	27.7	30.3
Other non-current assets	0.6	0.9
Total assets	682.0	512.6
Current liabilities:
Accounts payable	95.2	77.9
Accrued payroll and related expenses	30.7	17.7
Income taxes payable	4.0	3.7
Accrued expenses	15.7	11.5
Other current liabilities	11.8	11.4
Total current liabilities	157.4	122.2
Derivative liability	9.9	0.0
Other non-current liabilities	8.0	9.8
Total liabilities	$ 175.3	$ 132.0
Commitments and contingencies (Note 13)
Mezzanine equity:
Total mezzanine equity	$ 35.8	$ 0.0
Stockholders’ equity:
Viavi net investment	0.0	368.1
Common stock, $0.001 par value, 990,000,000 authorized shares, 59,081,186 shares issued and outstanding as of December 26, 2015, and no shares issued and outstanding as of June 27, 2015	0.1	0.0
Additional paid-in capital	451.3	0.0
Retained earnings	14.0	0.0
Accumulated other comprehensive income	5.5	12.5
Total stockholders’ equity	470.9	380.6
Total liabilities, mezzanine equity and stockholders’ equity	682.0	512.6
Convertible 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 December 26, 2015, and no shares issued and outstanding as of June 27, 2015	$ 35.8	$ 0.0