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Revenue Recognition (Tables)
9 Months Ended
Mar. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract]  
Schedule of Concentration Risks
The table below discloses our total net revenue attributable to each of our two reportable segments (in millions, except percentage data):
 Three Months EndedNine Months Ended
 March 30, 2024April 1, 2023March 30, 2024April 1, 2023
Amount% of TotalAmount% of TotalAmount% of TotalAmount% of Total
Cloud & Networking$313.8 85.6 %293.0 76.4 %$830.2 79.0 %$1,036.0 74.2 %
Industrial Tech52.7 14.4 %90.4 23.6 %220.7 21.0 %360.2 25.8 %
Net revenue$366.5 100.0 %$383.4 100.0 %$1,050.9 100.0 %$1,396.2 100.0 %
Schedule of Changes in Contract Balances
The following table reflects the changes in contract balances for the periods presented (in millions, except percentages):
Contract balancesBalance sheet locationMarch 30, 2024July 1, 2023ChangePercentage Change
Accounts receivable, net Accounts receivable, net $229.8 $246.1 $(16.3)(6.6)%
Deferred revenue and customer deposits
Other current liabilities
$0.8 $2.1 $(1.3)(61.9)%