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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2023
Jul. 02, 2022
Current assets:    
Cash and cash equivalents $ 580.6 $ 559.9
Short-term investments 1.5 1.4
Restricted cash 4.5 3.6
Accounts receivable, net 220.1 260.9
Inventories, net 125.9 110.1
Prepayments and other current assets 70.4 69.2
Total current assets 1,003.0 1,005.1
Property, plant and equipment, net 247.2 228.9
Goodwill, net 451.9 387.6
Intangibles, net 64.0 54.2
Deferred income taxes 89.7 86.3
Other non-current assets 61.6 65.8
Total assets 1,917.4 1,827.9
Current liabilities:    
Accounts payable 43.7 58.3
Accrued payroll and related expenses 41.2 76.0
Deferred revenue 75.5 81.0
Accrued expenses 27.8 29.3
Short-term debt 164.2 68.4
Other current liabilities 60.2 56.3
Total current liabilities 412.6 369.3
Long-term debt 627.9 616.5
Other non-current liabilities 194.6 170.4
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at April 1, 2023 and July 2, 2022 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 222 million shares at April 1, 2023 and 226 million shares at July 2, 2022, issued and outstanding 0.2 0.2
Additional paid-in capital 70,415.6 70,370.2
Accumulated deficit (69,590.6) (69,542.3)
Accumulated other comprehensive loss (142.9) (156.4)
Total stockholders’ equity 682.3 671.7
Total liabilities and stockholders’ equity $ 1,917.4 $ 1,827.9