Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 29, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Reporting Unit

Goodwill by reporting unit as of March 29, 2020 was as follows:

(in millions of U.S. Dollars)	March 29, 2020
Wolfspeed	$349.7
LED Products	180.3
Total	$530.0

Schedule of Components of Intangible Assets

The following table presents the components of intangible assets, net:

	March 29, 2020			June 30, 2019
(in millions of U.S. Dollars)	Gross	Accumulated Amortization	Net	Gross	Accumulated Amortization	Net
Customer relationships	$147.8	($68.4)	$79.4	$147.8	($63.8)	$84.0
Developed technology	74.9	(28.4)	46.5	75.9	(24.5)	51.4
Non-compete agreements	12.2	(6.4)	5.8	12.2	(4.1)	8.1
Trade names, finite-lived	0.5	(0.5)	—	0.5	(0.5)	—
Acquisition related intangible assets	235.4	(103.7)	131.7	236.4	(92.9)	143.5
Patent and licensing rights	112.9	(61.0)	51.9	120.4	(66.0)	54.4
Total intangible assets	$348.3	($164.7)	$183.6	$356.8	($158.9)	$197.9

Schedule of Future Amortization Expense of Finite-lived Intangible Assets

Total future amortization expense of intangible assets is estimated to be as follows:

(in millions of U.S. Dollars) Fiscal Year Ending	Acquisition Related Intangibles	Patents	Total
June 28, 2020 (remainder of fiscal 2020)	$3.6	$2.2	$5.8
June 27, 2021	14.5	8.3	22.8
June 26, 2022	13.5	7.5	21.0
June 25, 2023	11.0	6.5	17.5
June 30, 2024	10.4	5.6	16.0
Thereafter	78.7	21.8	100.5
Total future amortization expense	$131.7	$51.9	$183.6