CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2016	Jan. 02, 2016
OPERATING ACTIVITIES:
Net income (loss)	$ 127.2	$ (65.1)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation expense	15.5	21.7
Amortization of acquired technologies and other intangibles	14.4	17.0
Stock-based compensation	17.8	26.5
Amortization of debt issuance costs and accretion of debt discount	15.0	14.2
Amortization of discount and premium on investments, net	0.8	0.8
Gain on sale of investments	(135.4)	0.0
Other	3.1	(0.2)
Changes in operating assets and liabilities, net of impact of Lumentum distribution:
Accounts receivable	(21.2)	(6.1)
Inventories	(0.6)	(6.5)
Other current and non-currents assets	(7.1)	2.6
Accounts payable	(9.8)	(10.9)
Income taxes payable	3.7	15.3
Deferred revenue, current and non-current	(16.9)	11.8
Deferred taxes, net	(0.9)	7.4
Accrued payroll and related expenses	(9.3)	(11.4)
Accrued expenses and other current and non-current liabilities	32.6	(18.4)
Net cash provided by (used in) operating activities	28.9	(1.3)
INVESTING ACTIVITIES:
Purchases of available-for-sale investments	(373.0)	(185.6)
Maturities of available-for-sale investments	201.2	250.3
Sales of available-for-sale investments	234.3	71.9
Changes in restricted cash	0.9	14.7
Capital expenditures	(20.1)	(19.4)
Proceeds from the sale of assets	2.8	3.4
Acquisition of a business	0.0	(0.9)
Net cash provided by investing activities	46.1	134.4
FINANCING ACTIVITIES:
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock	0.0	35.8
Cash contribution to Lumentum Holdings Inc.	0.0	(136.7)
Repurchase and retirement of common stock	(39.7)	(40.0)
Payment of financing obligations	(0.4)	(1.3)
Proceeds from exercise of employee stock options and employee stock purchase plan	4.0	0.8
Net cash used in financing activities	(36.1)	(141.4)
Effect of exchange rates on cash and cash equivalents	(16.1)	(10.6)
Net increase (decrease) in cash and cash equivalents	22.8	(18.9)
Cash and cash equivalents at the beginning of the period	482.9	347.9	[1]
Cash and cash equivalents at the end of the period	$ 505.7	$ 329.0

[1] Cash and cash equivalents at June 27, 2015 included $13.4 million in current assets of the discontinued operations of Lumentum Holdings Inc.