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Equity (Tables)
3 Months Ended
Sep. 27, 2025
Equity [Abstract]  
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 Ended
September 27, 2025September 28, 2024
Cost of sales$8.5 $9.7 
Research and development10.3 9.3 
Selling, general and administrative23.6 16.6 
Total stock-based compensation$42.4 $35.6 
Our stock-based compensation by equity awards for the periods presented were as follows (in millions):
Three Months Ended
September 27, 2025September 28, 2024
RSUs$25.6 $24.0 
   AIP PSUs4.8 4.1 
   TSR PSUs2.9 0.2 
   Other PSUs9.9 3.0 
Total PSUs17.6 7.3 
Options1.6 1.3 
ESPP1.6 1.2 
Sub-total46.4 33.8 
Change in stock-based compensation capitalized to inventory(4.0)1.8 
Total stock-based compensation$42.4 $35.6 
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 Ended
September 27, 2025September 28, 2024
Income tax benefit associated with stock-based compensation$8.0 $1.4 
Schedule of Unrecognized-Stock Based Compensation
The table below summarizes the unrecognized stock-based compensation cost related to unvested shares and the weighted-average period over which it is expected to be recognized as of September 27, 2025:
Unrecognized stock-based compensation (in millions)
Weighted-average period
(in years)
RSUs$197.7 2.1
PSUs102.7 2.6
Stock options4.8 1.1
ESPP0.9 0.1
Schedule of Awards Activity
The following table summarizes our award activities for the three months ended September 27, 2025 (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 28, 20250.6 $8.1 2.6 $59.9 1.6 $61.0 
Granted— — 1.0 118.6 0.2 118.0 
Vested/Exercised(0.2)7.9 (0.7)60.9 (0.7)57.8 
Canceled— — (0.1)61.2 (0.1)87.1 
Balance as of September 27, 20250.4 $8.1 2.8 $79.4 1.0 $75.3 
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 28, 20252.6 
Granted(1.2)
Canceled0.2 
Balance as of September 27, 20251.6