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Stock-Based Compensation (Tables)
9 Months Ended
Apr. 02, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of the impact on the entity's results of operations of recording stock-based compensation by function
The impact on the Company’s results of operations of recording stock-based compensation by function for the three and nine months ended April 2, 2016 and March 28, 2015 was as follows (in millions):
 
Three Months Ended
 
Nine Months Ended
 
April 2, 2016
 
March 28, 2015
 
April 2, 2016
 
March 28, 2015
Cost of sales
$
1.1

 
$
1.1

 
$
3.7

 
$
3.1

Research and development
2.0

 
2.0

 
6.7

 
5.9

Selling, general and administrative
6.0

 
11.7

 
23.6

 
26.8

Stock-based compensation
$
9.1

 
$
14.8

 
$
34.0

 
$
35.8

Schedule of assumptions used to estimate the fair value of new MSU awards on the date of grant
The Company estimates the fair value of the new MSUs granted using a Monte Carlo simulation based on the assumptions described below for the following periods:
 
Nine Months Ended
 
April 2, 2016
 
March 28, 2015
Volatility of common stock
33.6
%
 
40.8
%
Average volatility of peer companies
52.8
%
 
53.4
%
Average correlation coefficient of peer companies
0.1047

 
0.2156

Risk-free interest rate
0.8
%
 
0.6
%