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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 28, 2025
Jun. 29, 2024
Current Assets:    
Cash and cash equivalents $ 391.5 $ 876.9
Short-term investments 61.0 0.0
Receivables, net 130.3 142.4
Inventories 139.5 114.0
Prepaid expenses and other current assets 29.6 29.0
Total current assets 751.9 1,162.3
Property and equipment, net 72.1 75.5
Goodwill 872.3 816.4
Acquired intangible assets 262.2 288.4
Deferred tax assets 408.8 345.6
Non-current other assets 217.1 136.8
Total assets 2,584.4 2,825.0
Current Liabilities:    
Accounts payable 98.5 87.5
Accrued liabilities 172.4 183.7
Current portion of long-term debt 0.0 6.0
Total current liabilities 270.9 277.2
Long-term debt 834.8 966.9
Other long-term liabilities 83.8 114.1
Total liabilities 1,189.5 1,358.2
Stockholders’ Equity:    
$0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0.0 0.0
$0.001 par value; 120,000,000 shares authorized, 70,611,845 and 69,683,991 shares issued, 38,642,761 and 39,567,552 shares outstanding, at June 2025 and June 2024, respectively 0.1 0.1
Additional paid-in capital 1,211.8 1,107.0
Treasury stock: 31,969,084 and 30,116,439 common shares at June 2025 and June 2024, respectively, at cost (1,006.9) (878.0)
Retained earnings 1,189.9 1,237.7
Total stockholders’ equity 1,394.9 1,466.8
Total liabilities and stockholders’ equity $ 2,584.4 $ 2,825.0