XML 108 R93.htm IDEA: XBRL DOCUMENT v3.20.2
Income Taxes - Components of Net Deferred Taxes (Details) - USD ($)
$ in Millions
Jun. 27, 2020
Jun. 29, 2019
Jun. 30, 2018
Gross deferred tax assets:      
Tax credit carryforwards $ 159.5 $ 164.3 $ 158.8
Net operating loss carryforwards 1,118.6 1,206.9 1,219.0
Capital loss carryforwards 63.9 63.9 63.9
Inventories 20.3 9.6 4.2
Accruals and reserves 61.6 55.6 20.5
Acquisition-related items 45.1 42.1 31.5
Capitalized research costs 72.0 0.0 0.0
Other 44.6 43.1 43.8
Gross deferred tax assets 1,585.6 1,585.5 1,541.7
Valuation allowance (1,405.5) (1,405.3) (1,382.1)
Deferred tax assets 180.1 180.2 159.6
Gross deferred tax liabilities:      
Acquisition-related items (31.8) (33.5) (26.8)
Tax on unrepatriated earnings (15.6) (1.8) (1.6)
Foreign branch taxes (21.4) (22.0) 0.0
Other (29.8) (29.1) (37.4)
Deferred tax liabilities (98.6) (86.4) (65.8)
Total net deferred tax assets $ 81.5 $ 93.8 $ 93.8