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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Jun. 29, 2024
Current assets:    
Cash and cash equivalents $ 467.9 $ 471.3
Short-term investments 25.2 19.9
Restricted cash 4.8 5.0
Accounts receivable, net 203.1 213.1
Inventories, net 93.2 96.5
Prepayments and other current assets 69.8 70.7
Total current assets 864.0 876.5
Property, plant and equipment, net 230.5 228.2
Goodwill, net 461.2 452.9
Intangibles, net 34.0 38.2
Deferred income taxes 86.1 82.5
Other non-current assets 61.8 58.0
Total assets 1,737.6 1,736.3
Current liabilities:    
Accounts payable 47.4 50.4
Accrued payroll and related expenses 44.4 48.2
Deferred revenue 63.7 65.7
Accrued expenses 23.8 25.3
Other current liabilities 53.5 57.5
Total current liabilities 232.8 247.1
Long-term debt 637.6 636.0
Other non-current liabilities 165.1 171.6
Total liabilities 1,035.5 1,054.7
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at September 28, 2024 and June 29, 2024 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 222 million shares at September 28, 2024 and June 29, 2024, issued and outstanding 0.2 0.2
Additional paid-in capital 70,480.2 70,471.9
Accumulated deficit (69,664.7) (69,646.5)
Accumulated other comprehensive loss (113.6) (144.0)
Total stockholders’ equity 702.1 681.6
Total liabilities and stockholders’ equity $ 1,737.6 $ 1,736.3