Balance Sheet and Other Details (Tables)

9 Months Ended

Apr. 03, 2021

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):

	April 3, 2021
	Three months ended		Nine Months Ended
Deferred revenue:
Balance at beginning of period	$	82.0	$	74.6
Revenue deferrals for new contracts (1)	32.1		93.5
Revenue recognized during the period (2)	(28.1)		(82.1)
Balance at end of period (3)	$	86.0	$	86.0

(1) Included in these amounts is the impact from foreign currency exchange rate fluctuations.

(2) Revenue recognized during the period represents releases from the balance at the beginning of the period as well as releases from the following period quarter-end deferrals.

(3) The long-term portion of deferred revenue is included as a component of Other non-current liabilities.

Schedule of Components of Accounts Receivable Allowance

The following table presents the activities and balances for allowance for credit losses (in millions):

	June 27, 2020		Charged to Costs and Expenses		Deductions (1)		April 3, 2021
Allowance for credit losses	$	3.0	$	0.7	$	(1.5)	$	2.2

(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):

	April 3, 2021		June 27, 2020
Finished goods	$	38.0	$	30.0
Work in process	17.6		22.5
Raw materials	35.0		30.8
Inventories, net	$	90.6	$	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):

	April 3, 2021		June 27, 2020
Prepayments	$	11.1	$	10.9
Asset held for sale	2.5		2.5
Advances to contract manufacturers	5.4		7.3
Refundable income taxes	11.0		10.8
Transaction tax receivables	10.8		10.6
Other current assets	7.8		8.7
Prepayments and other current assets	$	48.6	$	50.8

Schedule of Components of Other Current Liabilities

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

	April 3, 2021		June 27, 2020
Customer prepayments	$	0.4	$	0.5
Restructuring accrual	2.2		6.5
Income tax payable	24.3		10.7
Warranty accrual	4.4		4.6
Transaction tax payable	5.1		3.2
Operating lease liabilities (Note 12)	12.0		11.7
Other	15.3		11.2
Other current liabilities	$	63.7	$	48.4

Schedule of Components of Other Non-current Liabilities

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

	April 3, 2021		June 27, 2020
Pension and post-employment benefits	$	105.6	$	102.7
Financing obligation	16.1		16.2
Deferred tax liability	23.4		23.9
Long-term deferred revenue	20.1		20.0
Fair value of contingent consideration (Note 8)	1.8		9.4
Operating lease liabilities (Note 12)	24.8		28.1
Uncertain tax position	12.4		11.6
Other	19.6		19.3
Other non-current liabilities	$	223.8	$	231.2