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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 02, 2021
Jul. 03, 2021
Current assets:    
Cash and cash equivalents $ 611.0 $ 774.3
Short-term investments 1,273.6 1,171.7
Accounts receivable, net 263.2 212.8
Inventories 207.0 196.4
Prepayments and other current assets 68.2 81.6
Total current assets 2,423.0 2,436.8
Property, plant and equipment, net 353.2 361.1
Operating lease right-of-use assets, net 75.2 67.4
Goodwill 368.9 368.9
Other intangible assets, net 219.8 241.2
Deferred tax asset 72.9 72.9
Other non-current assets 6.0 3.3
Total assets 3,519.0 3,551.6
Current liabilities:    
Accounts payable 101.6 116.9
Accrued payroll and related expenses 42.9 54.3
Accrued expenses 40.4 33.1
Convertible notes, current 395.8 390.7
Operating lease liabilities, current 11.7 11.8
Other current liabilities 19.3 57.8
Total current liabilities 611.7 664.6
Convertible notes, non-current 800.0 789.8
Operating lease liabilities, non-current 57.5 47.6
Deferred tax liability 35.5 35.9
Other non-current liabilities 42.9 40.9
Total liabilities 1,547.6 1,578.8
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value, 990 authorized shares, 72.3 and 73.0 shares issued and outstanding as of October 2, 2021 and July 3, 2021, respectively 0.1 0.1
Additional paid-in capital 1,752.1 1,743.6
Retained earnings 210.7 220.9
Accumulated other comprehensive income 8.5 8.2
Total stockholders’ equity 1,971.4 1,972.8
Total liabilities and stockholders’ equity $ 3,519.0 $ 3,551.6