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Equity (Tables)
6 Months Ended
Dec. 28, 2024
Equity [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value The assumptions used to estimate the fair value of the replacement options are as follows:
At the Acquisition Date
Expected terms (years)3.0
Expected volatility45.0 %
Risk-free interest rate5.0 %
Dividend yield— %
Schedule of Impact on Results of Operations of Recording Stock-Based Compensation by Function
The impact on our results of operations of recording stock-based compensation by function for the periods presented was as follows (in millions):
Three Months EndedSix Months Ended
December 28, 2024December 30, 2023December 28, 2024December 30, 2023
Cost of sales$9.2 $9.0 $18.9 $15.0 
Research and development11.4 10.0 20.7 20.3 
Selling, general and administrative18.2 15.6 34.8 31.4 
Total stock-based compensation$38.8 $34.6 $74.4 $66.7 
Schedule of Income Tax Benefit Associated with Stock-Based Compensation
Total income tax benefit associated with stock-based compensation recognized in our condensed consolidated statements of operations during the periods presented was as follows (in millions):
Three Months EndedSix Months Ended
December 28, 2024December 30, 2023December 28, 2024December 30, 2023
Income tax benefit associated with stock-based compensation$4.7 $0.6 $6.1 $2.5 
Schedule of Awards Activity
The following table summarizes our award activities for the six months ended December 28, 2024 (in millions):
Stock OptionsRestricted Stock UnitsPerformance Stock Units
Number of SharesWeighted-Average Exercise Price per ShareNumber of SharesWeighted-Average Grant Date Fair Value per ShareNumber of SharesWeighted-Average Grant Date Fair Value per Share
Balance as of June 29, 20241.1 $8.0 2.7 $62.5 0.9 $65.5 
Granted— — 1.5 57.3 1.1 56.5 
Vested/Exercised(0.3)7.8 (1.1)64.8 (0.1)79.8 
Canceled— — (0.2)61.2 (0.4)62.0 
Balance as of December 28, 20240.8 $8.0 2.9 $58.9 1.5 $59.2 
Schedule of Awards Available for Grant
A summary of awards available for grant is as follows (in millions):
Awards Available for Grant
Balance as of June 29, 20244.3 
Granted(2.6)
Canceled0.6 
Balance as of December 28, 20242.3