Balance Sheet and Other Details (Tables)

6 Months Ended

Jan. 01, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue

The following tables summarize the activity related to deferred revenue (in millions):

	January 1, 2022
	Three Months Ended		Six Months Ended
Deferred revenue:
Balance at beginning of period	$	85.1	$	89.5
Revenue deferrals for new contracts (1)	29.7		56.7
Revenue recognized during the period (2)	(33.6)		(65.0)
Balance at end of period (3)	$	81.2	$	81.2

(1)    Included in these amounts is the impact from foreign currency exchange rate fluctuations.

(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.

(3)    The long-term portion of deferred revenue is included as a component of other non-current liabilities on the Consolidated Balance Sheets and included below.

Schedule of Components of Accounts Receivable Allowance

The following table presents the activities and balances for allowance for credit losses (in millions):

	July 3, 2021		Charged to Costs and Expenses		Deductions (1)		January 1, 2022
Allowance for credit losses	$	2.0	$	0.4	$	(0.9)	$	1.5

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

Schedule of Components of Inventories

The following table presents the components of inventories, net (in millions):

	January 1, 2022		July 3, 2021
Finished goods	$	44.9	$	41.0
Work in process	15.9		16.6
Raw materials	53.6		37.3
Inventories, net	$	114.4	$	94.9

Schedule of Components of Prepayments and Other Current Assets

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

	January 1, 2022		July 3, 2021
Prepayments	$	13.4	$	13.4
Asset held for sale	6.5		6.5
Advances to contract manufacturers	14.4		10.1
Refundable income taxes	8.2		5.9
Transaction tax receivables	18.6		13.2
Other current assets	8.3		7.9
Prepayments and other current assets	$	69.4	$	57.0

Schedule of Components of Other Current Liabilities

The following table presents the components of other current liabilities (in millions):

	January 1, 2022		July 3, 2021
Customer prepayments	$	1.5	$	0.4
Restructuring accrual	—		0.5
Income tax payable	9.3		22.6
Warranty accrual, current	4.6		4.3
Transaction tax payable	5.3		4.9
Operating lease liabilities (Note 12)	9.7		11.6
Other	16.4		12.8
Other current liabilities	$	46.8	$	57.1

Schedule of Components of Other Non-current Liabilities

The following table presents components of other non-current liabilities (in millions):

	January 1, 2022		July 3, 2021
Pension and post-employment benefits	$	91.9	$	97.0
Financing obligation	16.0		16.1
Deferred tax liability	17.3		24.3
Long-term deferred revenue	18.4		19.8
Warranty accrual, non-current	6.2		5.4
Operating lease liabilities (Note 12)	32.1		30.8
Uncertain tax position	10.5		18.3
Other	11.5		14.3
Other non-current liabilities	$	203.9	$	226.0