CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Apr. 02, 2016	Jun. 27, 2015
Current assets:
Cash and cash equivalents	$ 157.2	$ 14.5
Accounts receivable, net	160.2	150.5
Inventories	107.2	99.7
Prepayments and other current assets	58.7	46.1
Total current assets	483.3	310.8
Property, plant and equipment, net	168.1	143.2
Goodwill and intangibles, net	21.9	27.4
Deferred income taxes, net	30.1	30.3
Other non-current assets	1.5	0.9
Total assets	704.9	512.6
Current liabilities:
Accounts payable	111.7	77.9
Accrued payroll and related expenses	27.3	17.7
Income taxes payable	2.0	3.7
Accrued expenses	18.2	11.5
Other current liabilities	9.8	11.4
Total current liabilities	169.0	122.2
Derivative liability	14.7	0.0
Other non-current liabilities	8.7	9.8
Total liabilities	$ 192.4	$ 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, 59,244,599 shares issued and outstanding as of April 2, 2016, and no shares issued and outstanding as of June 27, 2015	0.1	0.0
Additional paid-in capital	461.1	0.0
Retained earnings	6.2	0.0
Accumulated other comprehensive income	9.3	12.5
Total stockholders’ equity	476.7	380.6
Total liabilities, mezzanine equity and stockholders’ equity	704.9	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 April 2, 2016, and no shares issued and outstanding as of June 27, 2015	$ 35.8	$ 0.0