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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 02, 2022
Jul. 03, 2021
Current assets:    
Cash and cash equivalents $ 589.8 $ 697.8
Short-term investments 1.6 1.6
Restricted cash 4.6 4.3
Accounts receivable, net 269.3 256.5
Inventories, net 113.9 94.9
Prepayments and other current assets 64.8 57.0
Total current assets 1,044.0 1,112.1
Property, plant and equipment, net 221.2 196.0
Goodwill, net 388.9 396.5
Intangibles, net 58.2 88.0
Deferred income taxes 101.7 109.3
Other non-current assets 64.0 59.5
Total assets 1,878.0 1,961.4
Current liabilities:    
Accounts payable 58.3 63.2
Accrued payroll and related expenses 57.7 76.0
Deferred revenue 78.1 69.7
Accrued expenses 30.2 24.8
Short-term debt (Note11) 0.0 456.6
Other current liabilities 35.4 57.1
Total current liabilities 259.7 747.4
Long-term debt 706.4 224.1
Other non-current liabilities 202.0 226.0
Stockholders’ equity:    
Common stock, $0.001 par value; 1 billion shares authorized; 228000000 million shares at April 2, 2022 and 228 million shares at July 3, 2021, issued and outstanding 0.2 0.2
Additional paid-in capital 70,360.9 70,183.2
Accumulated deficit (69,529.9) (69,322.3)
Accumulated other comprehensive loss (121.3) (97.2)
Total stockholders’ equity 709.9 763.9
Total liabilities and stockholders’ equity $ 1,878.0 $ 1,961.4