Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Sep. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Developed Technology and Other Intangibles

The following tables present details of all of our intangible assets as of the periods presented (in millions, except for weighted average remaining amortization period):

September 27, 2025	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted Average Remaining Amortization Period (Years)
Acquired developed technologies	$	826.4	$	(579.3)	$	247.1	3.9
Customer relationships	419.5		(240.4)		179.1		3.9
In-process research and development	4.5		—		4.5		n/a
Order backlog	14.0		(14.0)		—		—
Trade name and trademarks	3.0		(3.0)		—		—
Total intangible assets	$	1,267.4	$	(836.7)	$	430.7

June 28, 2025	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amounts		Weighted Average Remaining Amortization Period (Years)
Acquired developed technologies	$	822.4	$	(559.0)	$	263.4	4.1
Customer relationships	419.8		(226.6)		193.2		4.1
In-process research and development	8.5		—		8.5		n/a
Order backlog	14.0		(14.0)		—		—
Trade name and trademarks	3.0		(3.0)		—		—
Total intangible assets	$	1,267.7	$	(802.6)	$	465.1

Schedule of Amortization Expense

The following table presents details of amortization for the periods presented (in millions):

	Three Months Ended
	September 27, 2025		September 28, 2024
Cost of sales	$	19.5	$	22.5
Research and development	0.4		0.4
Selling, general and administrative	14.5		18.8
Total amortization of intangibles	$	34.4	$	41.7

Schedule of Estimated Future Amortization Expense

Based on the carrying amount of our acquired intangible assets except in-process research and development as of September 27, 2025, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2026	$	101.1
2027	123.1
2028	82.6
2029	52.3
2030	46.3
Thereafter	20.8
Total future amortization	$	426.2