Fair Value Measurements (Tables)

9 Months Ended

Apr. 03, 2021

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value (categorized by input measure) for the periods presented are as follows (in millions):



	April 3, 2021								June 27, 2020
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Debt available-for-sale securities:
Asset-backed securities	$	0.5	$	—	$	0.5	$	—	$	0.5	$	—	$	0.5	$	—
Total debt available-for-sale securities	0.5		—		0.5		—		0.5		—		0.5		—
Money market funds	380.1		380.1		—		—		334.6		334.6		—		—
Trading securities	1.5		1.5		—		—		1.4		1.4		—		—
Foreign currency forward contracts (1)	2.1		—		2.1		—		2.2		—		2.2		—
Total assets (2)	$	384.2	$	381.6	$	2.6	$	—	$	338.7	$	336.0	$	2.7	$	—

Liability:
Foreign currency forward contracts (3)	$	2.2	$	—	$	2.2	$	—	$	1.5	$	—	$	1.5	$	—
Contingent consideration (4)	6.7		—		—		6.7		9.9		—		—		9.9
Total liabilities	$	8.9	$	—	$	2.2	$	6.7	$	11.4	$	—	$	1.5	$	9.9

(1)$2.1 million and $2.2 million in prepayments and other current assets on the Company’s Consolidated Balance Sheets as of April 3, 2021 and June 27, 2020, respectively.

(2)Includes as of April 3, 2021, $372.8 million in cash and cash equivalents, $1.5 million in short-term investments, $2.7 million in restricted cash, $2.1 million in prepayments and other current assets and $5.1 million in other non-current assets on the Company’s Consolidated Balance Sheets. Includes as of June 27, 2020, $327.2 million in cash and cash equivalents, $1.4 million in short-term investments, $3.4 million in restricted cash, $2.2 million in prepayments and other current assets, and $4.5 million in other non-current assets on the Company’s Consolidated Balance Sheets.

(3)$2.2 million and $1.5 million in other current liabilities on the Company’s Consolidated Balance Sheets as of April 3, 2021 and June 27, 2020, respectively.

(4)Includes $1.8 million and $9.4 million in other non-current liabilities and $4.9 million and $0.5 million in other current liabilities as of April 3, 2021 and June 27, 2020, respectively.