XML 43 R30.htm IDEA: XBRL DOCUMENT v3.25.4
Balance Sheet Details (Tables)
 6 Months Ended
Dec. 27, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Inventories
The components of inventories were as follows (in millions):
December 27, 2025June 28, 2025
Raw materials and purchased parts$263.6 $253.2 
Work in process211.4 159.1 
Finished goods95.4 57.8 
Inventories
$570.4 $470.1 
Schedule of Components of Property, Plant and Equipment, Net
The components of property, plant and equipment, net were as follows (in millions):
December 27, 2025June 28, 2025
Land$90.1 $108.6 
Buildings and improvements267.6 270.4 
Machinery and equipment975.4 848.8 
Computer equipment and software42.2 39.1 
Furniture and fixtures12.8 14.7 
Leasehold improvements46.6 45.9 
Construction in progress180.8 152.3 
1,615.5 1,479.8 
Less: Accumulated depreciation(802.0)(753.4)
Property, plant and equipment, net$813.5 $726.4 
Schedule of Operating Lease, Right-of-Use Assets, Net
Operating lease right-of-use assets, net were as follows (in millions):
December 27, 2025June 28, 2025
Operating lease right-of-use assets$58.7 $54.4 
Less: accumulated amortization(29.1)(26.5)
Operating lease right-of-use assets, net$29.6 $27.9 
Schedule of Components of Other Current Liabilities
The components of other current liabilities were as follows (in millions):
December 27, 2025June 28, 2025
Restructuring accrual and related charges (1)
$2.2 $2.5 
Warranty reserve (2)
22.7 14.4 
Deferred revenue and customer deposits2.1 0.7 
Income tax payable (3)
12.2 29.1 
Other current liabilities 3.6 6.4 
Other current liabilities
$42.8 $53.1 
(1) Refer to “Note 11. Restructuring and Related Charges (Reversals).”
(2) Refer to “Note 14. Commitments and Contingencies.”
(3) Refer to “Note 12. Income Taxes.”
Schedule of Components of Other Non-Current Liabilities
The components of other non-current liabilities were as follows (in millions):
December 27, 2025June 28, 2025
Asset retirement obligations$7.1 $7.1 
Pension and related accruals (1)
11.2 9.7 
Unrecognized tax benefit (2)
60.4 55.6 
Other non-current liabilities (2)
37.0 25.4 
Other non-current liabilities$115.7 $97.8 
(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. Pension and related accrual of $11.2 million as of December 27, 2025 represents $11.9 million of non-current portion of benefit obligation, offset by $0.7 million of funding for the pension plan in Switzerland. Pension and related accrual of $9.7 million as of June 28, 2025 relates to $11.0 million of non-current portion of benefit obligation, offset by $1.3 million of funding for the pension plan in Switzerland. We typically re-evaluate the assumptions related to the fair value of our defined benefit obligations annually in the fiscal fourth quarter and make any updates as necessary. During the three and six months ended December 27, 2025, our contribution expense to the 401(k) Plan in the United States was $0.4 million and $1.1 million, respectively. During the three and six months ended December 28, 2024, our contribution expense to the 401(k) Plan in the United States was $0.4 million and $1.2 million, respectively. Our contribution expense to all defined contribution plans outside the United States was $2.5 million and $5.2 million during the three and six months ended December 27, 2025, respectively. Our contribution expense to all defined contribution plans outside the United States were $2.0 million and $3.8 million during the three and six months ended December 28, 2024, respectively.
(2) The Company has reclassified a $21.4 million unrecognized tax position to other non-current liabilities in the condensed consolidated balance sheets as of the year ended June 28, 2025 for an indemnification liability related to the sale of certain assets. This does not impact our results of operations for the year ended June 28, 2025.