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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Jul. 02, 2022
Jul. 03, 2021
Current assets:    
Cash and cash equivalents $ 559.9 $ 697.8
Short-term investments 1.4 1.6
Restricted cash 3.6 4.3
Accounts receivable, net 260.9 256.5
Inventories, net 110.1 94.9
Prepayments and other current assets 69.2 57.0
Total current assets 1,005.1 1,112.1
Property, plant and equipment, net 228.9 196.0
Goodwill, net 387.6 396.5
Intangibles, net 54.2 88.0
Deferred income taxes 86.3 109.3
Other non-current assets 65.8 59.5
Total assets 1,827.9 1,961.4
Current liabilities:    
Accounts payable 58.3 63.2
Accrued payroll and related expenses 76.0 76.0
Deferred revenue 81.0 69.7
Accrued expenses 29.3 24.8
Short-term debt 68.4 456.6
Other current liabilities 56.3 57.1
Total current liabilities 369.3 747.4
Long-term debt 616.5 224.1
Other non-current liabilities 170.4 226.0
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at July 2, 2022 and July 3, 2021. 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 226 million shares at July 2, 2022 and 228 million shares at July 3, 2021, issued and outstanding 0.2 0.2
Additional paid-in capital 70,370.2 70,183.2
Accumulated deficit (69,542.3) (69,322.3)
Accumulated other comprehensive loss (156.4) (97.2)
Total stockholders’ equity 671.7 763.9
Total liabilities and stockholders’ equity $ 1,827.9 $ 1,961.4
Common Stock, issued (in shares) 226 228