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Operating Segments and Geographic Information (Tables)
 12 Months Ended
Jun. 27, 2020
Segment Reporting [Abstract]  
Schedule of Information on Reportable Segments
Information on the Company’s reportable segments is as follows (in millions):
 
Year Ended June 27, 2020
 
Network and Service Enablement
 
 
 
 
 
 
 
 
 
Network Enablement
 
Service Enablement
 
Network and
Service
Enablement
 
Optical Security and Performance Products
 
Other Items
 
Consolidated GAAP Measures
Product revenue
$
669.1

 
$
49.9

 
$
719.0

 
$
286.2

 
$
—

 
$
1,005.2

Service revenue
77.6

 
52.8

 
130.4

 
0.7

 
—

 
131.1

Net revenue
$
746.7

 
$
102.7

 
$
849.4

 
$
286.9

 
$
—

 
$
1,136.3

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
482.4

 
68.8

 
551.2

 
153.0

 
(38.9
)
 
665.3

Gross margin
64.6
%
 
67.0
%
 
64.9
%
 
53.3
%
 
 
 
58.5
%
 
 
 
 
 
 
 
 
 
 
 
 
Operating income
 
 
 
 
108.8

 
102.1

 
(92.8
)
 
118.1

Operating margin
 
 
 
 
12.8
%
 
35.6
%
 
 
 
10.4
%
 
 
 
 
 
 
 
 
 
 
 
 
 
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
%

 
Years Ended
 
June 27, 2020
 
June 29, 2019
 
June 30, 2018
Corporate reconciling items impacting gross profit:
 
 
 
 
 
Total segment gross profit
$
704.2

 
$
690.1

 
$
532.1

Stock-based compensation
(4.3
)
 
(3.8
)
 
(3.3
)
Amortization of intangibles
(32.7
)
 
(34.4
)
 
(26.7
)
Other charges unrelated to core operating performance
(1.9
)
 
(0.5
)
 
(13.7
)
GAAP gross profit
$
665.3

 
$
651.4

 
$
488.4

 
 
 
 
 
 
Corporate reconciling items impacting operating income:
 
 
 
 
 
Total segment operating income
$
210.9

 
$
197.6

 
$
121.8

Stock-based compensation
(44.6
)
 
(38.2
)
 
(30.5
)
Amortization of intangibles
(67.8
)
 
(72.5
)
 
(47.7
)
Change in fair value of contingent liability (4)
31.5

 
5.9

 
—

Other charges unrelated to core operating performance (1)(2)(3)
(8.4
)
 
(10.0
)
 
(33.4
)
Restructuring and related charges
(3.5
)
 
(15.4
)
 
(8.3
)
GAAP operating income from continuing operations
$
118.1

 
$
67.4

 
$
1.9



(1)
During the years ended June 27, 2020, other charges unrelated to core operating performance primarily consisted of $1.4 million in acquisition related costs.
(2)
During the years ended June 29, 2019, other charges unrelated to core operating performance primarily consisted of $5.0 million in acquisition related costs.
(3)
During the years ended June 30, 2018, other charges unrelated to core operating performance primarily consisted of a $12.7 million in acquisition related costs and $12.4 million in amortization of inventory step-up.
(4)
Refer to “Note 8. Fair Value Measurements” for further detail.
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 27, 2020
 
June 29, 2019
 
June 30, 2018
 
Product Revenue
 
Service Revenue
 
Total
 
Product Revenue
 
Service Revenue
 
Total
 
Product Revenue
 
Service Revenue
 
Total
Americas:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
United States
$
288.3

 
$
53.3

 
$
341.6

 
$
287.1

 
$
55.0

 
$
342.1

 
$
282.6

 
$
52.9

 
$
335.5

Other Americas
57.8

 
15.4

 
73.2

 
69.4

 
14.8

 
84.2

 
64.2

 
16.8

 
81.0

Total Americas
$
346.1

 
$
68.7

 
$
414.8

 
$
356.5

 
$
69.8

 
$
426.3

 
$
346.8

 
$
69.7

 
$
416.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asia-Pacific:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Greater China
$
238.2

 
$
7.5

 
$
245.7

 
$
209.4

 
$
7.2

 
$
216.6

 
$
126.6

 
$
2.0

 
$
128.6

Other Asia
108.0

 
14.5

 
122.5

 
142.3

 
13.3

 
155.6

 
78.3

 
6.9

 
85.2

Total Asia-Pacific
$
346.2

 
$
22.0

 
$
368.2

 
$
351.7

 
$
20.5

 
$
372.2

 
$
204.9

 
$
8.9

 
$
213.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EMEA:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Switzerland
$
64.5

 
$
0.1

 
$
64.6

 
$
97.0

 
$
—

 
$
97.0

 
$
75.2

 
$
0.1

 
$
75.3

Other EMEA
248.4

 
40.3

 
288.7

 
199.0

 
35.8

 
234.8

 
145.6

 
24.5

 
170.1

Total EMEA
$
312.9

 
$
40.4

 
$
353.3

 
$
296.0

 
$
35.8

 
$
331.8

 
$
220.8

 
$
24.6

 
$
245.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total net revenue
$
1,005.2

 
$
131.1

 
$
1,136.3

 
$
1,004.2

 
$
126.1

 
$
1,130.3

 
$
772.5

 
$
103.2

 
$
875.7

SICPA Holding SA Company (SICPA), served by the Company’s OSP segment, generated more than 10% of VIAVI net revenue from continuing operations during fiscal 2020, 2019 and 2018 as summarized below (in millions):
 
Years Ended
 
June 27, 2020
 
June 29, 2019
 
June 30, 2018
SICPA - OSP customer
$
139.9

 
$
161.1

 
$
129.3

Property, plant and equipment, net was identified based on the operations in the corresponding geographic areas (in millions):
 
Years Ended
 
June 27, 2020
 
June 29, 2019
United States
$
85.0

 
$
89.4

Other Americas
1.6

 
1.6

China
43.8

 
49.0

Other Asia-Pacific
5.8

 
5.6

United Kingdom
30.1

 
23.8

Other EMEA
6.2

 
10.5

Total property, plant and equipment, net
$
172.5

 
$
179.9