Acquired Developed Technology and Other Intangibles (Tables)

9 Months Ended

Apr. 02, 2022

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 April 2, 2022	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	420.1	$	(375.3)	$	44.8
Customer relationships	192.4		(181.2)		11.2
Other (1)	36.9		(34.7)		2.2
Total intangibles	$	649.4	$	(591.2)	$	58.2

As of July 3, 2021	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	423.8	$	(356.9)	$	66.9
Customer relationships	195.4		(180.8)		14.6
Other (1)	37.9		(31.4)		6.5
Total intangibles	$	657.1	$	(569.1)	$	88.0

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

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				Nine Months Ended
	April 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
Cost of revenues	$	7.4	$	8.3	$	22.7	$	24.9
Operating expenses	2.2		8.3		7.5		24.9
Total amortization of intangible assets	$	9.6	$	16.6	$	30.2	$	49.8

Schedule of Estimated Future Amortization

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of April 2, 2022, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2022	$	9.4
2023	25.1
2024	10.5
2025	7.0
2026	3.4
Thereafter	2.8
Total amortization	$	58.2