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Accumulated Other Comprehensive Loss
12 Months Ended
Jun. 27, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Accumulated Other Comprehensive Loss
Note 4. Accumulated Other Comprehensive Loss
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.
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 June 29, 2019
$
(5.0
)
 
$
(101.0
)
 
$
(28.6
)
 
$
(134.6
)
Other comprehensive (loss) income before reclassification
(0.1
)
 
(28.6
)
 
(5.4
)
 
(34.1
)
Amounts reclassified from accumulated other comprehensive (loss) income

 

 
2.8

 
2.8

Net current period other comprehensive (loss) income
(0.1
)
 
(28.6
)
 
(2.6
)
 
(31.3
)
Ending balance as of June 27, 2020
$
(5.1
)
 
$
(129.6
)
 
$
(31.2
)
 
$
(165.9
)
(1)
Activity before reclassifications to the Consolidated Statements of Operations during the fiscal year ended June 27, 2020 primarily relates to unrealized loss from available-for-sale securities. The amount reclassified out of accumulated other comprehensive (loss) income represents the gross realized loss from available-for-sale securities included as “Interest and other income, net" in the Consolidated Statement of Operations for the year ended June 27, 2020. There was no tax impact for fiscal year 2020.
(2)
Activity before reclassifications to the Consolidated Statements of Operations during the fiscal year ended June 27, 2020 relates to the unrealized actuarial loss of $5.7 million, net of income tax benefit of $0.3 million. The amount reclassified out of accumulated other comprehensive (loss) income represents the amortization of actuarial losses included as a component of SG&A in the Consolidated Statement of Operations for the year ended June 27, 2020. Refer to “Note 17. Employee Pension and Other Benefit Plans” for more details on the computation of net periodic cost for pension plans.