XML 126 R107.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Employee Retirement Plans - Employee Defined Benefit Plans (Details) - USD ($)
$ in Millions
12 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jul. 02, 2022
Change in projected benefit obligation:      
Benefit obligation at beginning of year $ 1.2    
Benefit obligation at end of year 1.0 $ 1.2  
Changes in benefit obligations and plan assets recognized in other comprehensive income:      
Settlement loss (0.1) 0.0  
Foreign Plan      
Change in projected benefit obligation:      
Benefit obligation at beginning of year 24.8 17.5  
Assumed pension liability in Japan in connection with NeoPhotonics acquisition 0.0 2.2  
Service cost 1.9 1.7 $ 1.8
Interest cost 0.4 0.3 0.1
Plan participants’ contributions 1.1 0.8  
Actuarial losses (gains) 0.4 0.6  
Net benefits payment (3.3) 1.0  
Plan amendments (0.1) (0.1)  
Foreign exchange impact (0.7) 0.8  
Benefit obligation at end of year 24.5 24.8 17.5
Change in plan assets:      
Fair value of plan assets at beginning of year 13.4 9.8  
Actual return on plan assets 0.8 (0.5)  
Employer contribution 3.1 1.5  
Plan participants’ contribution 1.1 0.8  
Net benefits payment (3.3) 1.0  
Foreign exchange impact (0.2) 0.8  
Fair value of plan assets at end of year 14.9 13.4 $ 9.8
Funded status (9.6) (11.4)  
Changes in benefit obligations and plan assets recognized in other comprehensive income:      
Prior service cost 0.0 0.0  
Amortization of accumulated net actuarial loss 0.0 0.0  
Net actuarial loss (gain) (0.1) 1.4  
Total of other comprehensive (income) loss, defined benefit plan (0.2) 1.4  
Accumulated benefit obligation 19.6 20.0  
Non-current portion of the projected benefit obligation $ 8.6 $ 10.2