Operating Segments and Geographic Information (Tables)

12 Months Ended

Jun. 29, 2019

Segment Reporting [Abstract]

Schedule of Information on Reportable Segments

The following table presents net revenue by the three geographic regions the Company operates in and net revenue from countries that exceeded 10% of the Company’s total net revenue (in millions):

	Years Ended
	June 29, 2019						June 30, 2018						July 1, 2017
	Product Revenue		Service Revenue		Total		Product Revenue		Service Revenue		Total		Product Revenue		Service Revenue		Total
Americas:
United States	$	287.1	$	55.0	$	342.1	$	282.6	$	52.9	$	335.5	$	245.7	$	54.3	$	300.0
Other Americas	69.4		14.8		84.2		64.2		16.8		81.0		59.2		13.5		72.7
Total Americas	$	356.5	$	69.8	$	426.3	$	346.8	$	69.7	$	416.5	$	304.9	$	67.8	$	372.7
Asia-Pacific:
Greater China	$	209.4	$	7.2	$	216.6	$	126.6	$	2.0	$	128.6	$	99.0	$	1.9	$	100.9
Other Asia	142.3		13.3		155.6		78.3		6.9		85.2		65.0		9.0		74.0
Total Asia-Pacific	$	351.7	$	20.5	$	372.2	$	204.9	$	8.9	$	213.8	$	164.0	$	10.9	$	174.9
EMEA:
Switzerland	$	97.0	$	—	$	97.0	$	75.2	$	0.1	$	75.3	$	124.0	$	0.1	$	124.1
Other EMEA	199.0		35.8		234.8		145.6		24.5		170.1		113.1		20.2		133.3
Total EMEA	$	296.0	$	35.8	$	331.8	$	220.8	$	24.6	$	245.4	$	237.1	$	20.3	$	257.4
Total net revenue	$	1,004.2	$	126.1	$	1,130.3	$	772.5	$	103.2	$	875.7	$	706.0	$	99.0	$	805.0

One customer served by the Company’s OSP segment generated more than 10% of VIAVI net revenue from continuing operations during fiscal 2019, 2018 and 2017 as summarized below (in millions):

	Years Ended
	June 29, 2019		June 30, 2018		July 1, 2017
Customer A - OSP customer	$	161.1	$	129.3	$	166.8

Property, plant and equipment, net was identified based on the operations in the corresponding geographic areas (in millions):

	Years Ended
	June 29, 2019		June 30, 2018
United States	$	89.4	$	79.8
Other Americas	1.6		3.1
China	49.0		49.9
Other Asia-Pacific	5.6		5.9
United Kingdom	23.8		20.9
Other EMEA	10.5		10.9
Total property, plant and equipment, net	$	179.9	$	170.5

Information on the Company’s reportable segments is as follows (in millions):

	Year Ended June 29, 2019
	Network and Service Enablement
	Network Enablement			Service Enablement			Network and Service Enablement			Optical Security and Performance Products			Other Items			Consolidated GAAP Measures
Product revenue	$	666.2		$	49.7		$	715.9		$	288.3		$	—		$	1,004.2
Service revenue	71.6			53.7			125.3			0.8			—			126.1
Net revenue	$	737.8		$	103.4		$	841.2		$	289.1		$	—		$	1,130.3
Gross profit	473.3			71.0			544.3			145.8			(38.7		)	651.4
Gross margin	64.2		%	68.7		%	64.7		%	50.4		%				57.6		%
Operating income							99.6			98.0			(130.2		)	67.4
Operating margin							11.8		%	33.9		%				6.0		%
	Year Ended June 30, 2018
	Network and Service Enablement
	Network Enablement			Service Enablement			Network and Service Enablement			Optical Security and Performance Products			Other Items			Consolidated GAAP Measures
Product revenue	$	497.1		$	59.3		$	556.4		$	216.0		$	—		$	772.5
Service revenue	42.0			59.2			101.2			2.1			—			103.2
Net revenue	$	539.1		$	118.5		$	657.6		$	218.1		$	—		$	875.7
Gross profit	334.3			82.6			416.9			115.2			(43.7		)	488.4
Gross margin	62.0		%	69.7		%	63.4		%	52.8		%				55.8		%
Operating income							43.6			78.2			(119.9		)	1.9
Operating margin							6.6		%	35.9		%				0.2		%
	Year Ended July 1, 2017
	Network and Service Enablement
	Network Enablement			Service Enablement			Network and Service Enablement			Optical Security and Performance Products			Other Items			Consolidated GAAP Measures
Product revenue	$	410.6		$	64.6		$	475.2		$	230.8		$	—		$	706.0
Service revenue	34.5			63.1			97.6			1.4			—			99.0
Net revenue	$	445.1		$	127.7		$	572.8		$	232.2		$	—		$	805.0
Gross profit	287.5			78.0			365.5			133.8			(20.3		)	479.0
Gross margin	64.6		%	61.1		%	63.8		%	57.6		%				59.5		%
Operating income							0.5			100.5			(94.0		)	7.0
Operating margin							0.1		%	43.3		%				0.9		%

	Years Ended
	June 29, 2019			June 30, 2018			July 1, 2017
Corporate reconciling items impacting gross profit:
Total segment gross profit	$	690.1		$	532.1		$	499.3
Stock-based compensation	(3.8		)	(3.3		)	(3.6		)
Amortization of intangibles	(34.4		)	(26.7		)	(14.3		)
Other charges unrelated to core operating performance (2)	(0.5		)	(13.7		)	(2.4		)
GAAP gross profit	$	651.4		$	488.4		$	479.0
Corporate reconciling items impacting operating income:
Total segment operating income	$	197.6		$	121.8		$	101.0
Stock-based compensation	(38.2		)	(30.5		)	(33.2		)
Amortization of intangibles	(72.5		)	(47.7		)	(28.3		)
Change in fair value of contingent liability (4)	5.9			—			—
Other charges unrelated to core operating performance (1)(2)(3)	(10.0		)	(33.4		)	(10.9		)
Restructuring and related charges	(15.4		)	(8.3		)	(21.6		)
GAAP operating income	$	67.4		$	1.9		$	7.0

(1) During the year ended June 29, 2019, other charges unrelated to core operating performance primarily consisted of $5.0 million in acquisition related costs.

(2) During the year ended June 30, 2018, other charges unrelated to core operating performance primarily consisted of $12.7 million in acquisition related costs and $12.4 million in amortization of inventory step-up.

(3) During the year ended July 1, 2017, other charges unrelated to core operating performance primarily consisted of a $5.7 million loss on disposal of long-lived assets.

(4) Refer to “Note 8. Investments, Forward Contracts and Fair Value Measurements” for further detail.