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Equity (Tables)
6 Months Ended
Dec. 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 EndedSix Months Ended
December 27, 2025December 28, 2024December 27, 2025December 28, 2024
Cost of sales$12.9 $9.2 $21.5 $18.9 
Research and development9.3 11.4 19.6 20.7 
Selling, general and administrative23.2 18.2 46.7 34.8 
Total stock-based compensation$45.4 $38.8 $87.8 $74.4 
Our stock-based compensation by equity awards for the periods presented were as follows (in millions):
Three Months EndedSix Months Ended
December 27, 2025December 28, 2024December 27, 2025December 28, 2024
RSUs$27.0 $24.8 $52.6 $48.8 
   AIP PSUs— 9.4 4.8 13.5 
   TSR PSUs4.6 0.5 7.5 0.7 
   Other PSUs5.5 2.3 15.4 5.3 
Total PSUs10.1 12.2 27.7 19.5 
Options1.0 1.3 2.6 2.6 
ESPP1.2 1.0 2.8 2.2 
Sub-total39.3 39.3 85.7 73.1 
Change in stock-based compensation capitalized to inventory6.1 (0.5)2.1 1.3 
Total stock-based compensation$45.4 $38.8 $87.8 $74.4 
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 27, 2025December 28, 2024December 27, 2025December 28, 2024
Income tax benefit associated with stock-based compensation$2.3 $4.7 $10.3 $6.1 
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 December 27, 2025:
Unrecognized stock-based compensation (in millions)
Weighted-average period
(in years)
RSUs$181.0 2.0
PSUs95.9 2.4
Stock options3.3 0.9
ESPP2.2 0.4
Schedule of Awards Activity
The following table summarizes our award activities for the six months ended December 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— — 1.0 125.9 0.2 120.9 
Vested/Exercised(0.3)7.9 (1.0)61.1 (0.9)57.1 
Canceled/Forfeited— — (0.1)64.9 (0.1)85.9 
Balance as of December 27, 20250.3 $8.1 2.5 $86.2 0.8 $82.0 
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 
Authorized3.2 
Removed(1.4)
Granted(1.2)
Canceled/Forfeited0.2 
Balance as of December 27, 20253.4