Gross receivables include both billed and unbilled receivables (including Contract assets). As of March 30, 2024, and July 1, 2023, the Company had total unbilled receivables of $12.0 million and $13.7 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.


	March 30, 2024
	Three Months Ended		Nine Months Ended
Deferred revenue:
Balance at beginning of period	$	84.7	$	102.0
Revenue deferrals for new contracts (1)	25.9		70.8
Revenue recognized during the period (2)	(25.2)		(87.4)
Balance at end of period	$	85.4	$	85.4

(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 currency fluctuations.

The value of the transaction price allocated to remaining performance obligations as of March 30, 2024, was $252.7 million. The Company expects to recognize approximately 89% 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 1, 2023		Charged to Costs and Expenses		Deductions (1)		March 30, 2024
Allowance for credit losses	$	1.0	$	0.9	$	(0.4)	$	1.5

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


	March 30, 2024		July 1, 2023
Finished goods	$	46.0	$	49.0
Work in process	17.9		17.7
Raw materials	39.5		49.4
Inventories, net	$	103.4	$	116.1

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


	March 30, 2024		July 1, 2023
Refundable income taxes	$	29.2	$	27.6
Prepayments	14.0		16.5
Advances to contract manufacturers	6.1		9.8
Transaction tax receivables	3.4		5.1
Asset held for sale	2.5		2.5
Fair value of forward contracts	1.5		3.5
Other	9.4		7.1
Prepayments and other current assets	$	66.1	$	72.1


	March 30, 2024		July 1, 2023
Operating right-of-use (ROU) assets (Note 12)	$	37.7	$	40.4
Long-term restricted cash	5.3		4.6
Deposits	2.5		2.3
Deferred contract cost	2.5		2.9
Debt issuance cost - Revolving Credit Facility	2.2		2.8
Other	10.2		8.7
Other non-current assets	$	60.4	$	61.7


	March 30, 2024		July 1, 2023



Operating lease liabilities (Note 12)	$	9.9	$	10.1
Interest payable	7.9		5.5
Income tax payable	6.5		4.4
Transaction tax payable	4.3		4.3
Warranty accrual	3.6		4.2
Fair value of forward contracts	3.0		2.4

Acquisition related holdback and related accruals	0.9		4.1
Restructuring accrual (Note 13)	0.8		5.8
Fair value of contingent consideration (Note 5)	—		1.1

Other	9.2		7.9
Other current liabilities	$	46.1	$	49.8


	March 30, 2024		July 1, 2023
Pension and post-employment benefits	$	52.9	$	53.2
Operating lease liabilities (Note 12)	27.3		29.4
Long-term deferred revenue	24.2		23.4
Uncertain tax position	16.2		15.8
Financing obligation	15.7		15.8
Deferred tax liability	13.5		13.9
Fair value of contingent consideration (Note 5)	11.2		18.6
Warranty accrual	4.2		4.8
Asset retirement obligations	3.6		3.8
Other	7.9		8.0
Other non-current liabilities	$	176.7	$	186.7