CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023
Current assets:
Cash and cash equivalents	$ 436.7	$ 859.0
Short-term investments	450.3	1,154.6
Accounts receivable, net	194.7	246.1
Inventories	398.4	408.6
Prepayments and other current assets	110.0	109.6
Total current assets	1,590.1	2,777.9
Property, plant and equipment, net	572.5	489.5
Operating lease right-of-use assets, net	72.8	77.3
Goodwill	1,055.8	695.1
Other intangible assets, net	617.5	459.2
Deferred tax asset	10.7	116.3
Other non-current assets	12.5	16.8
Total assets	3,931.9	4,632.1
Current liabilities:
Accounts payable	126.3	169.4
Accrued payroll and related expenses	36.1	39.4
Accrued expenses	52.4	51.2
Convertible notes, current	0.0	311.6
Operating lease liabilities, current	13.4	14.4
Other current liabilities	41.1	47.8
Total current liabilities	269.3	633.8
Convertible notes, non-current	2,503.2	2,500.0
Operating lease liabilities, non-current	43.0	47.7
Deferred tax liability	55.7	3.4
Other non-current liabilities	103.4	91.4
Total liabilities	2,974.6	3,276.3
Commitments and contingencies (Note 16)
Stockholders’ equity:
Common stock, $0.001 par value, 990 authorized shares; 67.9 and 66.4 shares issued and outstanding as of June 29, 2024 and July 1, 2023, respectively	0.1	0.1
Additional paid-in capital	1,835.0	1,692.2
Accumulated deficit	(887.1)	(340.6)
Accumulated other comprehensive income	9.3	4.1
Total stockholders’ equity	957.3	1,355.8
Total liabilities and stockholders’ equity	$ 3,931.9	$ 4,632.1