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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Jul. 01, 2023
Current assets:    
Cash and cash equivalents $ 471.3 $ 506.5
Short-term investments 19.9 14.6
Restricted cash 5.0 4.5
Accounts receivable, net 213.1 231.2
Inventories, net 96.5 116.1
Prepayments and other current assets 70.7 72.1
Total current assets 876.5 945.0
Property, plant and equipment, net 228.2 243.0
Goodwill, net 452.9 455.2
Intangibles, net 38.2 58.6
Deferred income taxes 82.5 87.0
Other non-current assets 58.0 61.7
Total assets 1,736.3 1,850.5
Current liabilities:    
Accounts payable 50.4 47.2
Accrued payroll and related expenses 48.2 50.5
Deferred revenue 65.7 78.6
Accrued expenses 25.3 21.2
Short-term debt 0.0 96.2
Other current liabilities 57.5 49.8
Total current liabilities 247.1 343.5
Long-term debt 636.0 629.5
Other non-current liabilities 171.6 186.7
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at June 29, 2024 and July 1, 2023. 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 222 million shares at June 29, 2024 and July 1, 2023, issued and outstanding 0.2 0.2
Additional paid-in capital 70,471.9 70,427.3
Accumulated deficit (69,646.5) (69,600.7)
Accumulated other comprehensive loss (144.0) (136.0)
Total stockholders’ equity 681.6 690.8
Total liabilities and stockholders’ equity $ 1,736.3 $ 1,850.5