Fair Value Measurements (Tables)

6 Months Ended

Dec. 28, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value for the periods presented are as follows (in millions):

	December 28, 2024								June 29, 2024
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Debt available-for-sale securities:
Asset-backed securities (1)	$	0.3	$	—	$	0.3	$	—	$	0.3	$	—	$	0.3	$	—
Total debt available-for-sale securities	0.3		—		0.3		—		0.3		—		0.3		—
Money market funds (2)	215.9		215.9		—		—		295.3		295.3		—		—
Trading securities (3)	1.6		1.6		—		—		1.5		1.5		—		—
Foreign currency forward contracts (4)	3.1		—		3.1		—		1.7		—		1.7		—
Non-marketable equity security (5)	3.0		—		—		3.0		—		—		—		—
Total assets	$	223.9	$	217.5	$	3.4	$	3.0	$	298.8	$	296.8	$	2.0	$	—
Liabilities:
Foreign currency forward contracts (6)	$	7.8	$	—	$	7.8	$	—	$	1.5	$	—	$	1.5	$	—
Contingent consideration (7)	2.1		—		—		2.1		9.5		—		—		9.5
Total liabilities	$	9.9	$	—	$	7.8	$	2.1	$	11.0	$	—	$	1.5	$	9.5

(1)Included in Other non-current assets on the Consolidated Balance Sheets.

(2)Includes, as of December 28, 2024, $209.3 million in Cash and cash equivalents, $3.3 million in Restricted cash and $3.3 million in Other non-current assets on the Consolidated Balance Sheets. Includes, as of June 29, 2024, $286.7 million in Cash and cash equivalents, $4.9 million in Restricted cash and $3.7 million in Other non-current assets on the Consolidated Balance Sheets.

(3)Included in Short-term investments on the Consolidated Balance Sheets.

(4)Included in Prepayments and other current assets on the Consolidated Balance Sheets.

(5)Included in Other non-current assets on the Consolidated Balance Sheets.

(6)Included in Other current liabilities on the Consolidated Balance Sheets.

(7)Included in Other non-current liabilities on the Consolidated Balance Sheets.

Schedule of Long-term Debt Instruments

The Company’s debt measured at fair value for the periods presented is as follows (in millions):

	December 28, 2024								June 29, 2024
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt:
3.75% Senior Notes	$	362.1	$	—	$	362.1	$	—	$	338.9	$	—	$	338.9	$	—
1.625% Senior Convertible Notes	258.9		—		258.9		—		238.1		—		238.1		—
Total	$	621.0	$	—	$	621.0	$	—	$	577.0	$	—	$	577.0	$	—