CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 02, 2022	Jul. 03, 2021
Current assets:
Cash and cash equivalents	$ 1,130.3	$ 774.3
Short-term investments	1,433.8	1,171.7
Accounts receivable, net	242.2	212.8
Inventories	224.0	196.4
Prepayments and other current assets	70.3	81.6
Total current assets	3,100.6	2,436.8
Property, plant and equipment, net	356.4	361.1
Operating lease right-of-use assets, net	74.3	67.4
Goodwill	368.9	368.9
Other intangible assets, net	176.9	241.2
Deferred tax asset	19.7	72.9
Other non-current assets	36.7	3.3
Total assets	4,133.5	3,551.6
Current liabilities:
Accounts payable	126.8	116.9
Accrued payroll and related expenses	47.5	54.3
Accrued expenses	36.7	33.1
Convertible notes, current	406.1	390.7
Operating lease liabilities, current	12.0	11.8
Other current liabilities	31.6	57.8
Total current liabilities	660.7	664.6
Convertible notes, non-current	1,447.6	789.8
Operating lease liabilities, non-current	52.8	47.6
Deferred tax liability	17.5	35.9
Other non-current liabilities	42.8	40.9
Total liabilities	2,221.4	1,578.8
Commitments and contingencies (Note 14)
Stockholders’ equity:
Common stock, $0.001 par value, 990 authorized shares, 69.1 and 73.0 shares issued and outstanding as of April 2, 2022 and July 3, 2021, respectively	0.1	0.1
Additional paid-in capital	1,973.7	1,743.6
Retained earnings (accumulated deficit)	(60.5)	220.9
Accumulated other comprehensive income (loss)	(1.2)	8.2
Total stockholders’ equity	1,912.1	1,972.8
Total liabilities and stockholders’ equity	$ 4,133.5	$ 3,551.6