Gross receivables include both billed and unbilled receivables (including Contract assets). As of September 28, 2024, and June 29, 2024, the Company had total unbilled receivables of $14.4 million and $16.3 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.


	September 28, 2024
	Three Months Ended
Deferred revenue:
Balance at beginning of period	$	91.4
Revenue deferrals for new contracts (1)	24.9
Revenue recognized during the period (2)	(27.5)
Balance at end of period	$	88.8

(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 September 28, 2024, was $258.9 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):


	June 29, 2024		Charged to Costs and Expenses		Deductions (1)		September 28, 2024
Allowance for credit losses	$	1.6	$	0.1	$	(0.3)	$	1.4

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


	September 28, 2024		June 29, 2024
Finished goods	$	45.2	$	44.6
Work in process	12.9		15.4
Raw materials	35.1		36.5
Inventories, net	$	93.2	$	96.5

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


	September 28, 2024		June 29, 2024
Refundable income taxes	$	29.6	$	28.5
Prepayments	17.0		18.5
Advances to contract manufacturers	4.7		5.7
Transaction tax receivables	2.1		3.3
Fair value of forward contracts	4.9		1.7
Asset held for sale	—		2.5
Other current assets	11.5		10.5
Prepayments and other current assets	$	69.8	$	70.7


	September 28, 2024		June 29, 2024
Operating right-of-use (ROU) assets	$	35.4	$	35.8
Long-term restricted cash	5.4		5.5
Long-term investment (Note 7)	3.0		—
Deposits	2.5		2.4
Deferred contract cost	2.4		2.5
Debt issuance cost - Revolving Credit Facility	1.8		1.9
Other non-current assets	11.3		9.9
Other non-current assets	$	61.8	$	58.0


	September 28, 2024		June 29, 2024



Operating lease liabilities	$	9.7	$	9.8
Interest payable	7.9		5.1
Income tax payable	6.4		5.3
Restructuring accrual	5.7		14.1
Transaction tax payable	4.5		4.0
Warranty accrual	4.0		3.4
Fair value of forward contracts	3.3		1.5




Other current liabilities	12.0		14.3
Other current liabilities	$	53.5	$	57.5


	September 28, 2024		June 29, 2024
Pension and post-employment benefits	$	53.5	$	51.2
Operating lease liabilities	25.6		25.7
Long-term deferred revenue	25.1		25.7
Uncertain tax position	17.3		17.0
Financing obligation	15.7		15.7
Deferred tax liability	7.5		11.7
Fair value of contingent consideration (Note 5)	6.0		9.5
Asset retirement obligations	3.1		3.0
Warranty accrual	3.0		4.0
Restructuring accrual	1.1		0.8
Other non-current liabilities	7.2		7.3
Other non-current liabilities	$	165.1	$	171.6