Balance Sheet Details (Tables)

6 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Components of Inventories

The components of inventories were as follows (in millions):

	December 31, 2022		July 2, 2022
Raw materials and purchased parts	$	166.2	$	98.9
Work in process	118.9		92.2
Finished goods	81.8		59.0
Inventories	$	366.9	$	250.1

Schedule of Operating Lease, Right-of-Use Assets, Net

Operating lease right-of-use assets, net were as follows (in millions):

	December 31, 2022		July 2, 2022
Operating lease right-of-use assets	$	119.1	$	102.1
Less: accumulated amortization	(34.2)		(28.5)
Operating lease right-of-use assets, net	$	84.9	$	73.6

Schedule of Components of Property, Plant and Equipment, Net

The components of property, plant and equipment, net were as follows (in millions):

	December 31, 2022		July 2, 2022
Land	$	63.3	$	49.7
Buildings and improvements	146.6		105.3
Machinery and equipment	632.6		548.8
Computer equipment and software	36.1		31.3
Furniture and fixtures	10.1		8.9
Leasehold improvements	45.9		35.7
Construction in progress	75.9		47.0
	1,010.5		826.7
Less: Accumulated depreciation	(522.8)		(466.2)
Property, plant and equipment, net	$	487.7	$	360.5

Schedule of Components of Other Current Liabilities

The components of other current liabilities were as follows (in millions):

	December 31, 2022		July 2, 2022
Restructuring accrual and related charges (1)	$	14.1	$	—
Warranty accrual	8.4		10.0
Income tax payable (2)	20.5		26.0
Other current liabilities	8.2		3.4
Other current liabilities	$	51.2	$	39.4

(1) Refer to “Note 11. Restructuring and Related Charges.”

(2) Refer to “Note 12. Income Taxes.”

Schedule of Components of Other Non-Current Liabilities

The components of other non-current liabilities were as follows (in millions):

	December 31, 2022		July 2, 2022
Asset retirement obligations	$	8.1	$	4.6
Pension and related accruals (1)	9.0		7.7
Unrecognized tax benefit	52.1		30.5
Other non-current liabilities	7.9		0.1
Other non-current liabilities	$	77.1	$	42.9

(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. In connection with our merger with NeoPhotonics, we assumed an additional defined benefit plan covering employees in Japan. As of December 31, 2022, pension and related accruals in Japan, Switzerland and Thailand were $4.7 million, $0.4 million and $3.9 million, respectively. As of July 2, 2022, pension and related accruals in Japan, Switzerland and Thailand were $2.6 million, $1.7 million and $3.4 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.