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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Jul. 01, 2023
Current assets:    
Cash and cash equivalents $ 520.6 $ 506.5
Short-term investments 20.5 14.6
Restricted cash 3.4 4.5
Accounts receivable, net 190.9 231.2
Inventories, net 113.5 116.1
Prepayments and other current assets 67.2 72.1
Total current assets 916.1 945.0
Property, plant and equipment, net 239.0 243.0
Goodwill, net 449.6 455.2
Intangibles, net 52.8 58.6
Deferred income taxes 86.1 87.0
Other non-current assets 58.5 61.7
Total assets 1,802.1 1,850.5
Current liabilities:    
Accounts payable 39.8 47.2
Accrued payroll and related expenses 40.5 50.5
Deferred revenue 67.0 78.6
Accrued expenses 26.2 21.2
Short-term debt 96.2 96.2
Other current liabilities 41.2 49.8
Total current liabilities 310.9 343.5
Long-term debt 631.1 629.5
Other non-current liabilities 184.9 186.7
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at September 30, 2023 and July 1, 2023 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 222 million shares at September 30, 2023 and July 1, 2023, issued and outstanding 0.2 0.2
Additional paid-in capital 70,432.4 70,427.3
Accumulated deficit (69,600.9) (69,600.7)
Accumulated other comprehensive loss (156.5) (136.0)
Total stockholders’ equity 675.2 690.8
Total liabilities and stockholders’ equity $ 1,802.1 $ 1,850.5