CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 02, 2016	Jun. 27, 2015
Current assets:
Cash and cash equivalents	$ 157.1	$ 14.5
Accounts receivable, net	170.5	150.5
Inventories	100.6	99.7
Prepayments and other current assets	61.3	46.1
Total current assets	489.5	310.8
Property, plant and equipment, net	183.4	143.2
Goodwill and intangibles, net	19.9	27.4
Deferred income taxes	31.9	30.3
Other non-current assets	1.6	0.9
Total assets	726.3	512.6
Current liabilities:
Accounts payable	118.3	77.9
Accrued payroll and related expenses	26.5	17.7
Income taxes payable	1.9	3.7
Accrued expenses	14.9	11.5
Other current liabilities	12.1	11.4
Total current liabilities	173.7	122.2
Derivative liabilities	10.3	0.0
Other non-current liabilities	9.1	9.8
Total liabilities	193.1	132.0
Commitments and contingencies (Note 15)
Redeemable convertible preferred stock:
Total redeemable convertible preferred stock	35.8	0.0
Stockholders’ equity:
Viavi net investment	0.0	368.1
Common stock, $0.001 par value, 990,000,000 authorized shares, 59,580,596 shares issued and outstanding as of July 2, 2016, and no shares issued and outstanding as of June 27, 2015	0.1	0.0
Additional Paid-in Capital	467.7	0.0
Retained earnings	20.2	0.0
Accumulated other comprehensive income	9.4	12.5
Total stockholders’ equity	497.4	380.6
Total liabilities and stockholders’ equity	726.3	512.6
Convertible Series A Preferred Stock
Redeemable convertible preferred stock:
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 July 2, 2016, and no shares issued and outstanding as of June 27, 2015	35.8	$ 0.0
Total redeemable convertible preferred stock	$ 35.8