Gross receivables include both billed and unbilled receivables (including Contract assets). As of April 1, 2023, and July 2, 2022, the Company had total unbilled receivables of $11.9 million and $7.3 million, respectively.

The Company also has short-term and long-term deferred revenues related to undelivered product and professional services, consisting of installations and consulting engagements, which are recognized as the Company's performance obligations under the contract are completed and accepted by the customer.

The following tables summarize the activity related to deferred revenue (in millions):


	April 1, 2023
	Three Months Ended		Nine Months Ended
Deferred revenue:
Balance at beginning of period	$	94.6	$	100.4
Revenue deferrals for new contracts (1)	32.4		95.5
Revenue recognized during the period (2)	(29.6)		(98.5)
Balance at end of period	$	97.4	$	97.4

(1) Included in these amounts is the impact from foreign currency exchange rate fluctuations.

(2) Revenue recognized during the period represents releases from the balance at the beginning of the period as well as releases from the current period deferrals.

Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized, and adjustments for currency.

The value of the transaction price allocated to remaining performance obligations as of April 1, 2023, was $244.2 million. The Company expects to recognize approximately 91% of remaining performance obligations as revenue within the next 12 months, and the remainder thereafter.

The following table presents the activities and balances for allowance for credit losses (in millions):


	July 2, 2022		Charged to Costs and Expenses		Deductions (1)		April 1, 2023
Allowance for credit losses	$	1.4	$	0.4	$	(0.8)	$	1.0

(1) Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.


	April 1, 2023		July 2, 2022
Finished goods	$	49.6	$	41.6
Work in process	19.0		17.7
Raw materials	57.3		50.8
Inventories, net	$	125.9	$	110.1

The following table presents the components of prepayments and other current assets (in millions):


	April 1, 2023		July 2, 2022
Refundable income taxes	$	30.7	$	14.5
Prepayments	12.7		16.0
Advances to contract manufacturers	9.4		11.8
Transaction tax receivables	6.6		10.4
Asset held for sale	2.5		2.5
Other current assets	8.5		14.0
Prepayments and other current assets	$	70.4	$	69.2

The following table presents the components of other current liabilities (in millions):


	April 1, 2023		July 2, 2022



Income tax payable	$	10.2	$	9.6
Operating lease liabilities (Note 12)	10.1		10.1
Interest payable	8.4		4.6
Restructuring accrual (Note 13)	7.4		—
Acquisition related holdback and related accruals	4.5		0.1
Transaction tax payable	4.5		11.5
Warranty accrual	4.2		4.4

Fair value of forward contracts	1.5		8.4
Fair value of contingent consideration	1.1		1.8
Other	8.3		5.8
Other current liabilities	$	60.2	$	56.3

The following table presents components of other non-current liabilities (in millions):


	April 1, 2023		July 2, 2022
Pension and post-employment benefits	$	55.0	$	59.6
Operating lease liabilities (Note 12)	29.4		33.5
Fair value of contingent consideration	23.5		0.7
Long-term deferred revenue	21.9		19.4
Financing obligation	15.8		16.0
Deferred tax liability	15.3		9.5
Uncertain tax position	14.8		12.9
Warranty accrual	5.2		6.2
Other	13.7		12.6
Other non-current liabilities	$	194.6	$	170.4