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Goodwill and Other Intangible Assets
 9 Months Ended
Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Note 8. Goodwill and Other Intangible Assets
Goodwill
The following table presents our goodwill balance by reportable segments as of April 2, 2022 and July 3, 2021 (in millions):
Optical CommunicationsCommercial LasersTotal
Balance as of April 2, 2022 and July 3, 2021$363.5 $5.4 $368.9 
Impairment of Goodwill
We review goodwill for impairment during the fourth quarter of each fiscal year or more frequently if events or circumstances indicate that an impairment loss may have occurred. In the fourth quarter of fiscal 2021, we completed the annual impairment test of goodwill, which indicated there was no goodwill impairment. There were no indicators of goodwill impairment during the three and nine months ended April 2, 2022.
Other Intangibles
The intangible assets are amortized on a straight-line basis over the estimated useful lives, except for customer relationships and order backlog, which are amortized using an accelerated method of amortization over the expected customer lives, which more accurately reflects the pattern of realization of economic benefits expected to be obtained. Acquired developed technologies and order backlog are amortized to cost of sales and customer relationships is amortized to selling, general and administrative.
In-process research and development (“IPR&D”) is initially capitalized at fair value as an intangible asset with an indefinite life and assessed for impairment thereafter. When an IPR&D project is completed, the IPR&D is reclassified as an amortizable purchased intangible asset and amortized over the asset’s estimated useful life.
The following tables present details of our other intangibles as of the periods presented (in millions, except for weighted average remaining amortization period):
April 2, 2022Gross Carrying AmountsAccumulated AmortizationNet Carrying AmountsWeighted average remaining amortization period (years)
Acquired developed technologies$390.3 $(287.5)$102.8 2.5
Customer relationships 145.0 (70.9)74.1 4.7
Order backlog22.0 (22.0)— —
Other intangibles2.7 (2.7)— —
Total intangible assets$560.0 $(383.1)$176.9 
July 3, 2021Gross Carrying AmountsAccumulated AmortizationNet Carrying AmountsWeighted average remaining amortization period (years)
Acquired developed technologies$390.3 $(238.6)$151.7 3.0
Customer relationships 145.0 (55.5)89.5 5.4
Order backlog22.0 (22.0)— —
Other intangibles2.7 (2.7)— —
Total intangible assets $560.0 $(318.8)$241.2 
The following table presents details of amortization for the periods presented (in millions):
Three Months EndedNine Months Ended
April 2, 2022April 3, 2021April 2, 2022April 3, 2021
Cost of sales$15.6 $15.8 $47.3 $45.8 
Selling, general and administrative5.8 6.2 17.0 17.8 
Total amortization of intangibles$21.4 $22.0 $64.3 $63.6 
Based on the carrying amount of our acquired developed technologies and other intangibles as of April 2, 2022, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):
Fiscal Years
Remainder of 2022$21.2 
202361.9 
202440.5 
202527.7 
202618.1 
Thereafter7.5 
Total future amortization$176.9