Investments and Fair Value Measurements (Tables)

12 Months Ended

Jul. 02, 2011

Investments and Fair Value Measurements

Schedule of available for sale securities

At July 2, 2011 the Company's available-for-sale securities were as follows (in millions):

			Amortized Cost / Carrying Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Debt securities:
	U.S. treasuries		$	27.7	$	0.1	$	—		$	27.8
	Agencies
		U.S.		48.5		0.3		—			48.8
		Foreign		3.2		—		—			3.2
	Municipal bonds & sovereign debt instruments			7.2		—		—			7.2
	Asset-backed securities			20.0		1.0		(0.4	)		20.6
	Corporate securities			209.1		1.6		—			210.7
Total available-for-sale securities			$	315.7	$	3.0	$	(0.4	)	$	318.3

At July 3, 2010, the Company's available-for-sale securities were as follows (in millions):

			Amortized Cost / Carrying Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Debt securities:
	U.S. treasuries		$	27.1	$	0.1	$	—		$	27.2
	Agencies
		U.S.		47.0		0.4		—			47.4
		Foreign		2.9		—		—			2.9
	Municipal bonds & sovereign debt instruments			1.5		—		—			1.5
	Asset-backed securities			30.1		—		(1.1	)		29.0
	Corporate securities			128.8		2.0		(0.1	)		130.7
Total debt securities				237.4		2.5		(1.2	)		238.7
Marketable equity investments				0.4		3.8		—			4.2
Total available-for-sale securities			$	237.8	$	6.3	$	(1.2	)	$	242.9

Schedule of gross unrealized losses on available for sale securities

At July 2, 2011, the Company's gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument were as follows (in millions):

	Less than 12 Months		Greater than 12 Months		Total
Asset-backed securities	$	—	$	0.4	$	0.4
Total gross unrealized losses	$	—	$	0.4	$	0.4

 At July 3, 2010, the Company's gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument were as follows (in millions):

	Less than 12 Months		Greater than 12 Months		Total
Asset-backed securities	$	—	$	1.1	$	1.1
Corporate securities		0.1		—		0.1
Total gross unrealized losses	$	0.1	$	1.1	$	1.2

Schedule of contractual maturities of available-for-sale securities and trading securities

At July 2, 2011, contractual maturities of the Company's debt securities classified as available-for-sale securities and trading securities were as follows (in millions):

	Amortized Cost		Estimated Fair Value
Amounts maturing in less than 1 year	$	225.8	$	227.3
Amounts maturing in 1 - 5 years		88.5		89.0
Amounts maturing more than 5 years		2.3		2.9
Total debt securities	$	316.6	$	319.2

Schedule of long-term investments

	Years Ended
	July 2, 2011		July 3, 2010
Available-for-sale debt securities	$	2.9	$	5.1
Total long-term investments	$	2.9	$	5.1

Schedule of assets measured at fair value

						Fair value measurement as of July 2, 2011
				Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)
Assets:
	Debt available-for-sale securities
		U.S. treasuries		$	27.8	$	27.8	$	—
		Agencies
			U.S.		48.8		42.8		6.0
			Foreign		3.2		—		3.2
		Municipal bonds and sovereign debt instruments			7.2		—		7.2
		Asset-backed securities			20.6		—		20.6
		Corporate securities			210.7		—		210.7
			Total debt available-for-sale securities		318.3		70.6		247.7
	Money market instruments and funds				341.5		341.5		—
	Trading securities				5.7		5.7		—
	Total assets (1)			$	665.5	$	417.8	$	247.7

(1)

$323.9 million in cash and cash equivalents, $297.4 million in short-term investments, $35.9 million in restricted cash, $5.4 million in other non-current assets, and $2.9 million in long-term investments on the Company's consolidated balance sheets.