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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Jun. 29, 2024
Current assets:    
Cash and cash equivalents $ 489.2 $ 436.7
Short-term investments 426.9 450.3
Accounts receivable, net 198.5 194.7
Inventories 403.3 398.4
Prepayments and other current assets 118.3 110.0
Total current assets 1,636.2 1,590.1
Property, plant and equipment, net 638.4 572.5
Operating lease right-of-use assets, net 35.7 72.8
Goodwill 1,060.9 1,055.8
Other intangible assets, net 573.9 617.5
Deferred tax asset 12.5 10.7
Other non-current assets 12.0 12.5
Total assets 3,969.6 3,931.9
Current liabilities:    
Accounts payable 163.1 126.3
Accrued payroll and related expenses 42.0 36.1
Accrued expenses 39.7 52.4
Current portion of long-term debt 10.8 0.0
Operating lease liabilities, current 11.9 13.4
Other current liabilities 37.6 41.1
Total current liabilities 305.1 269.3
Long-term debt 2,569.2 2,503.2
Operating lease liabilities, non-current 29.8 43.0
Deferred tax liability 53.4 55.7
Other non-current liabilities 116.2 103.4
Total liabilities 3,073.7 2,974.6
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value, 990 authorized shares, 68.6 and 67.9 shares issued and outstanding as of September 28, 2024 and June 29, 2024, respectively 0.1 0.1
Additional paid-in capital 1,853.7 1,835.0
Accumulated deficit (969.5) (887.1)
Accumulated other comprehensive income 11.6 9.3
Total stockholders’ equity 895.9 957.3
Total liabilities and stockholders’ equity $ 3,969.6 $ 3,931.9