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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2017
Jul. 02, 2016
Current assets:    
Cash and cash equivalents $ 964.2 $ 482.9
Short-term investments 478.6 484.7
Restricted cash 11.8 12.2
Accounts receivable, net 142.6 148.4
Inventories, net 46.8 51.4
Prepayments and other current assets 53.5 32.1
Total current assets 1,697.5 1,211.7
Property, plant and equipment, net 134.6 133.0
Goodwill 150.7 152.1
Intangibles, net 37.6 59.9
Deferred income taxes 108.0 108.8
Other non-current assets 12.3 12.6
Total assets 2,140.7 1,678.1
Current liabilities:    
Accounts payable 34.7 47.0
Accrued payroll and related expenses 47.5 44.9
Deferred revenue 67.3 78.6
Accrued expenses 27.7 24.9
Other current liabilities 69.8 31.0
Total current liabilities 247.0 226.4
Long-term debt 958.1 583.3
Other non-current liabilities 164.4 179.1
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred Stock, $0.001 par value; 1 million shares authorized; 1 share at April 1, 2017 and July 2, 2016, issued and outstanding 0.0 0.0
Common Stock, $0.001 par value; 1 billion shares authorized; 227 million shares at April 1, 2017 and 232 million shares at July 2, 2016, issued and outstanding 0.2 0.2
Additional paid-in capital 70,184.2 70,059.8
Accumulated deficit (69,319.1) (69,380.7)
Accumulated other comprehensive (loss) income (94.1) 10.0
Total stockholders’ equity 771.2 689.3
Total liabilities and stockholders’ equity $ 2,140.7 $ 1,678.1