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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Jul. 02, 2022
Current assets:    
Cash and cash equivalents $ 592.1 $ 1,290.2
Short-term investments 1,088.3 1,258.8
Accounts receivable, net 330.5 262.0
Inventories 366.9 250.1
Prepayments and other current assets 114.8 78.1
Total current assets 2,492.6 3,139.2
Property, plant and equipment, net 487.7 360.5
Operating lease right-of-use assets, net 84.9 73.6
Goodwill 698.2 368.9
Other intangible assets, net 539.9 155.7
Deferred tax asset 100.1 27.0
Other non-current assets 14.7 37.3
Total assets 4,418.1 4,162.2
Current liabilities:    
Accounts payable 205.6 156.7
Accrued payroll and related expenses 60.7 54.6
Accrued expenses 62.1 44.7
Short-term debt 420.7 409.9
Operating lease liabilities, current 14.0 11.2
Other current liabilities 51.2 39.4
Total current liabilities 814.3 716.5
Long-term debt 1,900.3 1,466.1
Operating lease liabilities, non-current 57.0 48.8
Deferred tax liability 25.8 12.9
Other non-current liabilities 77.1 42.9
Total liabilities 2,874.5 2,287.2
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value, 990 authorized shares, 68.4 and 68.0 shares issued and outstanding as of December 31, 2022 and July 2, 2022, respectively 0.1 0.1
Additional paid-in capital 1,641.4 2,003.6
Accumulated deficit (101.3) (129.1)
Accumulated other comprehensive income 3.4 0.4
Total stockholders’ equity 1,543.6 1,875.0
Total liabilities and stockholders’ equity $ 4,418.1 $ 4,162.2