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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 01, 2022
Jul. 02, 2022
Current assets:    
Cash and cash equivalents $ 605.3 $ 1,290.2
Short-term investments 1,019.6 1,258.8
Accounts receivable, net 340.5 262.0
Inventories 366.2 250.1
Prepayments and other current assets 106.8 78.1
Total current assets 2,438.4 3,139.2
Property, plant and equipment, net 478.0 360.5
Operating lease right-of-use assets, net 89.4 73.6
Goodwill 693.7 368.9
Other intangible assets, net 576.0 155.7
Deferred tax asset 100.5 27.0
Other non-current assets 11.4 37.3
Total assets 4,387.4 4,162.2
Current liabilities:    
Accounts payable 205.7 156.7
Accrued payroll and related expenses 62.2 54.6
Accrued expenses 52.8 44.7
Short term debt 420.2 409.9
Operating lease liabilities, current 13.6 11.2
Other current liabilities 48.3 39.4
Total current liabilities 802.8 716.5
Long term debt 1,899.5 1,466.1
Operating lease liabilities, non-current 58.0 48.8
Deferred tax liability 24.8 12.9
Other non-current liabilities 75.9 42.9
Total liabilities 2,861.0 2,287.2
Commitments and contingencies
Stockholders’ equity:    
Common stock, $0.001 par value, 990 authorized shares, 68.2 and 68.0 shares issued and outstanding as of October 1, 2022 and July 2, 2022, respectively 0.1 0.1
Additional paid-in capital 1,596.1 2,003.6
Accumulated deficit (69.6) (129.1)
Accumulated other comprehensive income (loss) (0.2) 0.4
Total stockholders’ equity 1,526.4 1,875.0
Total liabilities and stockholders’ equity $ 4,387.4 $ 4,162.2