Acquired Developed Technology and Other Intangibles (Tables)

6 Months Ended

Jan. 02, 2021

Acquired Developed Technology and Other Intangibles

Schedule of Acquired Developed Technology and Other Intangibles

The following tables present details of the Company’s acquired developed technology, customer relationships and other intangibles (in millions):

As of January 2, 2021	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	447.8	$	(364.9)	$	82.9
Customer relationships	200.4		(172.1)		28.3
Other (1)	37.6		(28.0)		9.6
Total intangibles	$	685.8	$	(565.0)	$	120.8

As of June 27, 2020	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	437.1	$	(341.6)	$	95.5
Customer relationships	194.7		(154.1)		40.6
Other (1)	35.7		(23.7)		12.0
Total intangibles	$	667.5	$	(519.4)	$	148.1

(1)Other intangibles consist of customer backlog, non-competition agreements, patents, proprietary know-how and trade secrets, trademarks and trade names and other assets.

Finite-lived Intangible Assets Amortization Expense

The following table presents the amortization recorded relating to acquired developed technology, customer relationships and other intangibles (in millions):    

	Three Months Ended				Six Months Ended
	January 2, 2021		December 28, 2019		January 2, 2021		December 28, 2019
Cost of revenues	$	8.4	$	8.4	$	16.6	$	16.8
Operating expenses	8.1		8.8		16.6		17.5
Total amortization of intangible assets	$	16.5	$	17.2	$	33.2	$	34.3

Schedule of Estimated Future Amortization

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of January 2, 2021, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2021	$	32.9
2022	39.5
2023	25.4
2024	10.3
2025	5.7
Thereafter	7.0
Total amortization	$	120.8