Fair Value Measurements (Tables)

9 Months Ended

Apr. 01, 2023

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value for the periods presented are as follows (in millions):

	April 1, 2023								July 2, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents: Money market funds (1)	$	328.8	$	328.8	$	—	$	—	$	313.2	$	313.2	$	—	$	—
Short-term investments: Trading securities	1.5		1.5		—		—		1.4		1.4		—		—
Other current assets: Foreign currency forward contracts	2.3		—		2.3		—		3.8		—		3.8		—
Other non-current assets: debt available-for-sale securities asset-backed securities	0.3		—		0.3		—		0.6		—		0.6		—
Total assets	$	332.9	$	330.3	$	2.6	$	—	$	319.0	$	314.6	$	4.4	$	—
Liability:
Current liabilities: Foreign currency forward contracts	$	1.5	$	—	$	1.5	$	—	$	8.4	$	—	$	8.4	$	—
Contingent consideration (2)	24.6		—		—		24.6		2.5		—		—		2.5
Total liabilities	$	26.1	$	—	$	1.5	$	24.6	$	10.9	$	—	$	8.4	$	2.5

(1)Includes, as of April 1, 2023, $317.0 million in cash and cash equivalents, $4.4 million in restricted cash, and $7.4 million in other non-current assets on the Company’s Consolidated Balance Sheets. Includes, as of July 2, 2022, $301.5 million in cash and cash equivalents, $3.1 million in restricted cash, and $8.6 million in other non-current assets on the Company’s Consolidated Balance Sheets.

(2)     Includes certain amounts in other current liabilities and other non-current liabilities on the Company’s Consolidated Balance Sheets.

Schedule of Long-term Debt Instruments

The Company’s debt measured at fair value for the periods presented are as follows:

	April 1, 2023								July 2, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt:
3.75% Senior Notes	$	344.6	$	—	$	344.6	$	—	$	337.5	$	—	$	337.5	$	—
1.625% Senior Convertible Notes	256.9		—		256.9		—		—		—		—		—
1.00% Senior Convertible Notes	97.4		—		97.4		—		250.7		—		250.7		—
1.75% Senior Convertible Notes	67.9		—		67.9		—		73.4		—		73.4		—
Total liabilities	$	766.8	$	—	$	766.8	$	—	$	661.6	$	—	$	661.6	$	—