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Balance Sheet Details
 9 Months Ended
Apr. 02, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Details
Note 6. Balance Sheet Details
Allowance for current expected credit losses
We did not have any allowance for credit losses other than our allowance for uncollectible accounts receivable. As of April 2, 2022 and July 3, 2021, the allowance for credit losses on our trade receivables was $0.2 million and $0.4 million, respectively.
Inventories
The components of inventories were as follows (in millions):
April 2, 2022July 3, 2021
Raw materials and purchased parts$78.0 $64.4 
Work in process99.8 79.0 
Finished goods46.2 53.0 
Inventories
$224.0 $196.4 
Operating lease right-of-use assets, net
Operating lease right-of-use assets, net were as follows (in millions):
April 2, 2022July 3, 2021
Operating lease right-of-use assets$101.0 $87.3 
Less: accumulated amortization(26.7)(19.9)
Operating lease right-of-use assets, net$74.3 $67.4 
Property, plant and equipment, net
The components of property, plant and equipment, net were as follows (in millions):
April 2, 2022July 3, 2021
Land$49.4 $38.2 
Buildings and improvement98.9 92.7 
Machinery and equipment535.8 498.3 
Computer equipment and software31.0 28.6 
Furniture and fixtures8.8 8.8 
Leasehold improvements35.4 33.9 
Finance lease right-of-use assets — 28.1 
Construction in progress45.0 43.4 
804.3 772.0 
Less: Accumulated depreciation(447.9)(410.9)
Property, plant and equipment, net
$356.4 $361.1 
As of April 2, 2022, finance lease assets are fully amortized and there are no outstanding finance lease liabilities.
During the nine months ended April 2, 2022, we purchased land and buildings in Thailand and Slovenia with a fair value of $15.1 million in order to expand our manufacturing capacity.
During the three and nine months ended April 2, 2022, we recorded depreciation expense of $20.2 million and $61.2 million, respectively. During the three and nine months ended April 3, 2021, we recorded depreciation expense of $22.8 million and $70.4 million, respectively.
Our construction in progress primarily includes machinery and equipment that we expect to place in service in the next 12 months.
Other current liabilities
The components of other current liabilities were as follows (in millions):
April 2, 2022July 3, 2021
Restructuring accrual and related charges (1)
$0.1 $5.7 
Warranty accrual (2)
9.1 5.0 
Deferred revenue and customer deposits— 0.6 
Income tax payable (3)
17.1 43.5 
Other current liabilities 5.3 3.0 
Other current liabilities
$31.6 $57.8 
(1) Refer to “Note 11. Restructuring and Related Charges.”
(2) Refer to “Note 14. Commitments and Contingencies.”
(3) Refer to “Note 12. Income Taxes.”
Other non-current liabilities
The components of other non-current liabilities were as follows (in millions):
April 2, 2022July 3, 2021
Asset retirement obligations$4.7 $4.7 
Pension and related accrual (1)
11.2 10.8 
Unrecognized tax benefit26.4 23.0 
Other non-current liabilities0.5 2.4 
Other non-current liabilities
$42.8 $40.9 
(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. As of April 2, 2022, the projected benefit obligations, net of plan assets, in Japan, Switzerland and Thailand were $2.8 million, $4.9 million and $3.5 million, respectively. As of July 3, 2021, the projected benefit obligations, net of plan assets, in Japan, Switzerland and Thailand were $2.9 million, $4.8 million and $3.1 million, respectively. We typically re-evaluate the assumptions related to the fair value of our defined benefit obligations annually and make any updates as necessary.