CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jul. 02, 2022	Jul. 03, 2021
Current assets:
Cash and cash equivalents	$ 1,290.2	$ 774.3
Short-term investments	1,258.8	1,171.7
Accounts receivable, net	262.0	212.8
Inventories	250.1	196.4
Prepayments and other current assets	78.1	81.6
Total current assets	3,139.2	2,436.8
Property, plant and equipment, net	360.5	361.1
Operating lease right-of-use assets, net	73.6	67.4
Goodwill	368.9	368.9
Other intangible assets, net	155.7	241.2
Deferred tax asset	27.0	72.9
Other non-current assets	37.3	3.3
Total assets	4,162.2	3,551.6
Current liabilities:
Accounts payable	156.7	116.9
Accrued payroll and related expenses	54.6	54.3
Accrued expenses	44.7	33.1
Convertible notes, current	409.9	390.7
Operating lease liabilities, current	11.2	11.8
Other current liabilities	39.4	57.8
Total current liabilities	716.5	664.6
Convertible notes, non-current	1,466.1	789.8
Operating lease liabilities, non-current	48.8	47.6
Deferred tax liability	12.9	35.9
Other non-current liabilities	42.9	40.9
Total liabilities	2,287.2	1,578.8
Commitments and contingencies (Note 18)
Stockholders’ equity:
Common stock, $0.001 par value, 990 authorized shares; 68.0 and 73.0 shares issued and outstanding as of July 2, 2022 and July 3, 2021, respectively	0.1	0.1
Additional paid-in capital	2,003.6	1,743.6
Retained earnings (accumulated deficit)	(129.1)	220.9
Accumulated other comprehensive income	0.4	8.2
Total stockholders’ equity	1,875.0	1,972.8
Total liabilities and stockholders’ equity	$ 4,162.2	$ 3,551.6