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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 28, 2024
Jun. 29, 2024
Current assets:    
Cash and cash equivalents $ 488.0 $ 471.3
Short-term investments 21.4 19.9
Restricted cash 3.4 5.0
Accounts receivable, net 212.5 213.1
Inventories, net 92.8 96.5
Prepayments and other current assets 62.3 70.7
Total current assets 880.4 876.5
Property, plant and equipment, net 225.9 228.2
Goodwill, net 451.1 452.9
Intangibles, net 29.2 38.2
Deferred income taxes 80.5 82.5
Other non-current assets 58.0 58.0
Total assets 1,725.1 1,736.3
Current liabilities:    
Accounts payable 55.7 50.4
Accrued payroll and related expenses 57.9 48.2
Deferred revenue 57.8 65.7
Accrued expenses 27.2 25.3
Other current liabilities 49.4 57.5
Total current liabilities 248.0 247.1
Long-term debt 639.3 636.0
Other non-current liabilities 155.0 171.6
Total liabilities 1,042.3 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 December 28, 2024 and June 29, 2024 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 222 million shares at December 28, 2024 and June 29, 2024, issued and outstanding 0.2 0.2
Additional paid-in capital 70,493.0 70,471.9
Accumulated deficit (69,655.6) (69,646.5)
Accumulated other comprehensive loss (154.8) (144.0)
Total stockholders’ equity 682.8 681.6
Total liabilities and stockholders’ equity $ 1,725.1 $ 1,736.3