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Leases
 12 Months Ended
Jul. 02, 2022
Leases [Abstract]  
Leases
Note 12. Leases
The Company is a lessee in several operating leases, primarily real estate facilities for office space. The Company's lease arrangements are composed of operating leases with various expiration dates through March 31, 2042. The Company's leases do not contain any material residual value guarantees.
During the fiscal years ended July 2, 2022 and July 3, 2021, the total operating lease costs were $14.0 million and $13.9 million, respectively. Total variable lease costs were immaterial during the fiscal years ended July 2, 2022 and July 3, 2021. The total operating costs were included in cost of revenues, research and development, and selling, general and administrative in the Company’s Consolidated Statements of Operations.
As of July 2, 2022, the weighted-average remaining lease term was 7.2 years, and the weighted-average discount rate was 4.4%.
During the fiscal years ended July 2, 2022 and July 3, 2021, cash paid for amounts included in the measurement of operating lease liabilities was $15.5 million and $15.1 million, respectively; and operating ROU assets obtained in exchange of new operating lease liabilities was $14.7 million and $15.4 million, respectively.
The balance sheet information related to our operating leases is as follows (in millions):
July 2, 2022
Other non-current assets$45.2 
Total operating ROU assets$45.2 
Other current liabilities$10.1 
Other non-current liabilities33.5 
Total operating lease liabilities$43.6 
Future minimum operating lease payments as of July 2, 2022 are as follows (in millions):
Operating Leases
Fiscal 2023$10.2 
Fiscal 20249.8 
Fiscal 20257.8 
Fiscal 20266.0 
Fiscal 20274.6 
Thereafter12.8 
Total lease payments51.2 
Less: Interest(7.6)
Present value of lease liabilities$43.6 
Future minimum operating lease payments as of July 3, 2021, were as follows (in millions):
Operating Leases
Fiscal 2022$11.7 
Fiscal 20239.4 
Fiscal 20246.8 
Fiscal 20254.9 
Fiscal 20263.8 
Thereafter13.7 
Total lease payments50.3 
Less: Interest(7.9)
Present value of lease liabilities$42.4