Balance Sheet and Other Details (Tables)

3 Months Ended

Oct. 03, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue

The following tables summarize the activity related to deferred revenue (in millions):

	October 3, 2020
		Three Months Ended
Deferred revenue:
Balance at beginning of period		$	74.6
Revenue deferrals for new contracts (1)		29.8
Revenue recognized during the period		(24.3		)
Balance at end of period		$	80.1
Short-term deferred revenue		$	60.1
Long-term deferred revenue		$	20.0

Schedule of Components of Accounts Receivable Allowance

The following table presents the activities and balances for allowance for doubtful accounts (in millions):

	June 27, 2020		Charged to Costs and Expenses		Deductions (1)			October 3, 2020
Allowance for doubtful accounts	$	3.0	$	0.1	$	(0.4	)	$	2.7

⁽¹⁾ Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.

Schedule of Components of Inventories

The following table presents the components of inventories, net (in millions):

	October 3, 2020		June 27, 2020
Finished goods	$	30.8	$	30.0
Work in process	13.6		22.5
Raw materials	42.9		30.8
Inventories, net	$	87.3	$	83.3

Schedule of Components of Prepayments and Other Current Assets

The following table presents the components of prepayments and other current assets (in millions):

	October 3, 2020		June 27, 2020
Prepayments	$	11.8	$	10.9
Asset held for sale	2.5		2.5
Advances to contract manufacturers	7.0		7.3
Refundable income taxes	12.3		10.8
Transaction tax receivables	9.7		10.6
Other current assets	15.4		8.7
Prepayments and other current assets	$	58.7	$	50.8

Schedule of Components of Other Current Liabilities

The following table presents the components of other current liabilities (in millions):

	October 3, 2020		June 27, 2020
Customer prepayments	$	0.4	$	0.5
Restructuring accrual	4.0		6.5
Income tax payable	13.1		10.7
Warranty accrual	4.6		4.6
Transaction tax payable	4.2		3.2
Operating lease liabilities (Note 12)	12.0		11.7
Foreign exchange forward contracts liability	1.5		1.5
Other	9.8		9.7
Other current liabilities	$	49.6	$	48.4

Schedule of Components of Other Non-current Liabilities

The following table presents components of other non-current liabilities (in millions):

	October 3, 2020		June 27, 2020
Pension and post-employment benefits	$	106.2	$	102.7
Financing obligation	16.2		16.2
Deferred tax liability	23.6		23.9
Long-term deferred revenue	20.0		20.0
Fair value of contingent consideration (1)	8.9		9.4
Operating lease liabilities (Note 12)	26.3		28.1
Uncertain tax position	11.9		11.6
Other	23.4		19.3
Other non-current liabilities	$	236.5	$	231.2

⁽¹⁾ See “Note 8. Fair Value Measurements” of the Notes to our Consolidated Financial Statements for more detail.