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Accumulated Other Comprehensive (Loss) Income
 6 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive (Loss) Income
Note 5. Accumulated Other Comprehensive (Loss) Income
The Company’s accumulated other comprehensive (loss) income consists of the accumulated net unrealized gains and losses on available-for-sale investments, foreign currency translation adjustments and change in unrealized components of defined benefit obligations.
For the six months ended December 31, 2016 the changes in accumulated other comprehensive (loss) income by component net of tax were as follows (in millions):
 
Unrealized gains (losses) on available-for sale investments (1)
 
Foreign 
currency translation adjustments
 
Change in unrealized components of defined benefit obligations, net of tax (2)
 
Total
Beginning balance as of July 2, 2016
$
104.5

 
$
(70.1
)
 
$
(24.4
)
 
$
10.0

Other comprehensive income (loss) before reclassification
74.2

 
(22.2
)
 
—

 
52.0

Amounts reclassified from accumulated other comprehensive income
(134.2
)
 
—

 
0.9

 
(133.3
)
Net current-period other comprehensive (loss) income
(60.0
)
 
(22.2
)
 
0.9

 
(81.3
)
Ending balance as of December 31, 2016
$
44.5

 
$
(92.3
)
 
$
(23.5
)
 
$
(71.3
)

(1) Activity before reclassifications to the Consolidated Statements of Operations during the six months ended December 31, 2016 relates to the unrealized gain on the marketable equity securities of Lumentum held by Viavi. The amount reclassified out of accumulated other comprehensive (loss) income relates to the realized gain from the sale of the marketable equity securities of Lumentum. There was no tax impact for the six months ended December 31, 2016.

(2) The amount reclassified out of accumulated other comprehensive income represents the amortization of actuarial losses included as a component of cost of revenues, research and development (“R&D”) and selling, general and administrative expense (“SG&A”) in the Consolidated Statement of Operations for the six months ended December 31, 2016. There was no tax impact for the six months ended December 31, 2016. Refer to “Note 15. Employee Pension and Other Benefit Plans” for more details on the computation of net periodic cost for pension plans.