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Balance Sheet and Other Details (Tables)
9 Months Ended
Mar. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue
The following table presents the activity related to deferred revenue (in millions):
March 30, 2024
Three Months EndedNine 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.
Schedule of Components of Accounts Receivable Allowance
The following table presents the activities and balances for allowance for credit losses (in millions):
July 1, 2023Charged 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.
Schedule of Components of Inventories
The following table presents the components of inventories, net (in millions):
March 30, 2024July 1, 2023
Finished goods$46.0 $49.0 
Work in process17.9 17.7 
Raw materials39.5 49.4 
Inventories, net$103.4 $116.1 
Schedule of Components of Prepayments and Other Current Assets
The following table presents the components of prepayments and other current assets (in millions):
March 30, 2024July 1, 2023
Refundable income taxes$29.2 $27.6 
Prepayments14.0 16.5 
Advances to contract manufacturers6.1 9.8 
Transaction tax receivables3.4 5.1 
Asset held for sale2.5 2.5 
Fair value of forward contracts1.5 3.5 
Other9.4 7.1 
Prepayments and other current assets$66.1 $72.1 
Schedule of Components of Other Non-current Assets
The following table presents the components of other non-current assets (in millions):
March 30, 2024July 1, 2023
Operating right-of-use (ROU) assets (Note 12)$37.7 $40.4 
Long-term restricted cash5.3 4.6 
Deposits2.5 2.3 
Deferred contract cost2.5 2.9 
Debt issuance cost - Revolving Credit Facility2.2 2.8 
Other 10.2 8.7 
Other non-current assets$60.4 $61.7 
Schedule of Components of Other Current Liabilities
The following table presents the components of other current liabilities (in millions):
March 30, 2024July 1, 2023
Operating lease liabilities (Note 12)$9.9 $10.1 
Interest payable7.9 5.5 
Income tax payable6.5 4.4 
Transaction tax payable4.3 4.3 
Warranty accrual3.6 4.2 
Fair value of forward contracts3.0 2.4 
Acquisition related holdback and related accruals0.9 4.1 
Restructuring accrual (Note 13)0.8 5.8 
Fair value of contingent consideration (Note 5)— 1.1 
Other9.2 7.9 
Other current liabilities$46.1 $49.8 
Schedule of Components of Other Non-current Liabilities
The following table presents components of other non-current liabilities (in millions):
March 30, 2024July 1, 2023
Pension and post-employment benefits$52.9 $53.2 
Operating lease liabilities (Note 12)27.3 29.4 
Long-term deferred revenue24.2 23.4 
Uncertain tax position16.2 15.8 
Financing obligation15.7 15.8 
Deferred tax liability13.5 13.9 
Fair value of contingent consideration (Note 5)11.2 18.6 
Warranty accrual4.2 4.8 
Asset retirement obligations3.6 3.8 
Other7.9 8.0 
Other non-current liabilities$176.7 $186.7