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Leases
9 Months Ended
Mar. 30, 2024
Leases [Abstract]  
Leases
Note 12. Leases
The Company is a lessee in several operating leases, primarily real estate facilities for office space. The Company's lease arrangements are comprised of operating leases with various expiration dates through March 31, 2042. The Company's leases do not contain any material residual value guarantees.
Lease expense and cash flow information are as follows (in millions):
Three Months EndedNine Months Ended
March 30, 2024April 1, 2023March 30, 2024April 1, 2023
Operating lease costs (1)
$3.1 $3.2 $9.7 $9.7 
Cash paid for amounts included in the measurement of operating lease liabilities$3.3 $2.9 $11.1 $11.1 
Operating ROU assets obtained in exchange for operating lease obligations$3.5 $0.9 $6.1 $3.9 
(1)Total variable lease costs were immaterial during the three and nine months ended March 30, 2024 and April 1, 2023. The total operating costs were included in Cost of revenues, R&D, and SG&A in the Consolidated Statements of Operations.
Balance sheet information related to our operating leases is as follows (in millions):
March 30, 2024July 1, 2023
Operating ROU assets (Other non-current assets)$37.7 $40.4 
Other current liabilities$9.9 $10.1 
Other non-current liabilities27.3 29.4 
Total operating lease liabilities$37.2 $39.5 
Weighted-average remaining lease term6.5 years6.8 years
Weighted-average discount rate5.0 %4.8 %
Future minimum operating lease payments as of March 30, 2024 are as follows (in millions):
Operating Leases
Remainder of 2024$1.8 
Fiscal 202511.0 
Fiscal 20268.7 
Fiscal 20276.7 
Fiscal 20284.7 
Thereafter10.4 
Total lease payments43.3 
Less: Interest(6.1)
Present value of lease liabilities$37.2