XML 43 R32.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Balance Sheet Details (Tables)
9 Months Ended
Mar. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Inventories
The components of inventories were as follows (in millions):
March 30, 2024July 1, 2023
Raw materials and purchased parts$202.8 $170.5 
Work in process114.1 103.2 
Finished goods103.8 134.9 
Inventories
$420.7 $408.6 
Schedule of Components of Property, Plant and Equipment, Net
The components of property, plant and equipment, net were as follows (in millions):
March 30, 2024July 1, 2023
Land$75.2 $63.5 
Buildings and improvements211.8 170.3 
Machinery and equipment748.6 657.9 
Computer equipment and software44.3 41.4 
Furniture and fixtures12.5 10.2 
Leasehold improvements45.2 49.6 
Construction in progress82.0 69.2 
1,219.6 1,062.1 
Less: Accumulated depreciation(640.9)(572.6)
Property, plant and equipment, net$578.7 $489.5 
Schedule of Operating Lease, Right-of-Use Assets, Net
Operating lease right-of-use assets, net were as follows (in millions):
March 30, 2024July 1, 2023
Operating lease right-of-use assets$112.3 $116.5 
Less: accumulated amortization(35.6)(39.2)
Operating lease right-of-use assets, net$76.7 $77.3 
Schedule of Components of Other Current Liabilities
The components of other current liabilities were as follows (in millions):
March 30, 2024July 1, 2023
Restructuring accrual and related charges (1)
$17.7 $5.0 
Warranty accrual (2)
13.5 6.8 
Deferred revenue and customer deposits0.8 2.1 
Income tax payable (3)
32.4 28.0 
Other current liabilities 3.9 5.9 
Other current liabilities
$68.3 $47.8 
(1) Refer to “Note 11. Restructuring and Related Charges.”
(2) Refer to “Note 14. Commitments and Contingencies.”
(3) 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):
March 30, 2024July 1, 2023
Asset retirement obligations$7.5 $8.2 
Pension and related accruals (1)
9.6 9.6 
Unrecognized tax benefit73.9 64.4 
Other non-current liabilities7.8 9.2 
Other non-current liabilities$98.8 $91.4 
(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. Pension and related accrual of $9.6 million as of March 30, 2024 represents $10.6 million of non-current portion of benefit obligation, offset by $1.0 million of funding for the pension plan in Switzerland. Pension and related accrual of $9.6 million as of July 1, 2023 relates to $10.2 million of non-current portion of benefit obligation, offset by $0.6 million of funding for the pension plan in Switzerland. We typically re-evaluate the assumptions related to the fair value of our defined benefit obligations annually in the fiscal fourth quarter and make any updates as necessary.