CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
OPERATING ACTIVITIES:
Net income (loss)	$ 153.2	$ (31.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	22.2	29.8
Amortization of acquired technologies and other intangibles	21.5	24.7
Stock-based compensation	25.9	35.6
Amortization of debt issuance costs and accretion of debt discount	23.6	21.4
Amortization of discount and premium on investments, net	0.8	0.9
Gain on sale of investments	(186.6)	(39.8)
Loss on disposal of assets	4.5	0.9
Other	1.3	0.4
Changes in operating assets and liabilities, net of impact of Lumentum distribution:
Accounts receivable	3.0	22.6
Inventories	(0.6)	(2.2)
Other current and non-currents assets	(17.3)	3.7
Accounts payable	(10.7)	(8.4)
Income taxes payable	4.5	11.3
Deferred revenue, current and non-current	(17.3)	8.1
Deferred taxes, net	(2.7)	7.6
Accrued payroll and related expenses	(8.3)	(22.0)
Accrued expenses and other current and non-current liabilities	29.2	(28.3)
Net cash provided by operating activities	46.2	35.0
INVESTING ACTIVITIES:
Purchases of available-for-sale investments	(542.0)	(334.1)
Maturities of available-for-sale investments	321.3	330.1
Sales of available-for-sale investments	321.4	217.3
Changes in restricted cash	0.2	14.1
Capital expenditures	(30.4)	(26.6)
Proceeds from the sale of assets	4.4	5.0
Acquisition of a business	0.0	(0.9)
Net cash provided by investing activities	74.9	204.9
FINANCING ACTIVITIES:
Proceeds from issuance of 1.00% senior convertible debt	460.0	0.0
Payment of debt issuance costs	(9.0)	0.0
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock	0.0	35.8
Cash contribution to Lumentum Holdings Inc.	0.0	(137.0)
Repurchase and retirement of common stock	(91.6)	(40.0)
Payment of financing obligations	(0.6)	(5.7)
Proceeds from exercise of employee stock options and employee stock purchase plan	10.2	3.0
Net cash provided by (used in) financing activities	369.0	(143.9)
Effect of exchange rates on cash and cash equivalents	(8.8)	(6.8)
Net increase in cash and cash equivalents	481.3	89.2
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	$ 964.2	$ 437.1

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