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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Jul. 01, 2023
Current assets:    
Cash and cash equivalents $ 454.2 $ 506.5
Short-term investments 28.4 14.6
Restricted cash 3.5 4.5
Accounts receivable, net 212.0 231.2
Inventories, net 103.4 116.1
Prepayments and other current assets 66.1 72.1
Total current assets 867.6 945.0
Property, plant and equipment, net 231.9 243.0
Goodwill, net 453.2 455.2
Intangibles, net 43.0 58.6
Deferred income taxes 87.9 87.0
Other non-current assets 60.4 61.7
Total assets 1,744.0 1,850.5
Current liabilities:    
Accounts payable 42.5 47.2
Accrued payroll and related expenses 42.1 50.5
Deferred revenue 61.2 78.6
Accrued expenses 35.9 21.2
Short-term debt 0.0 96.2
Other current liabilities 46.1 49.8
Total current liabilities 227.8 343.5
Long-term debt 634.4 629.5
Other non-current liabilities 176.7 186.7
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at March 30, 2024 and July 1, 2023 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 223 million shares at March 30, 2024 and 222 million shares at July 1, 2023, issued and outstanding 0.2 0.2
Additional paid-in capital 70,459.1 70,427.3
Accumulated deficit (69,614.8) (69,600.7)
Accumulated other comprehensive loss (139.4) (136.0)
Total stockholders’ equity 705.1 690.8
Total liabilities and stockholders’ equity $ 1,744.0 $ 1,850.5