Fair Value Measurements (Tables)

3 Months Ended

Oct. 01, 2022

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):

	October 1, 2022								July 2, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Debt available-for-sale securities:							40
Asset-backed securities (1)	$	0.6	$	—	$	0.6	$	—	$	0.6	$	—	$	0.6	$	—
Total debt available-for-sale securities	0.6		—		0.6		—		0.6		—		0.6		—
Money market funds (2)	287.6		287.6		—		—		313.2		313.2		—		—
Trading securities (3)	1.3		1.3		—		—		1.4		1.4		—		—
Foreign currency forward contracts (4)	4.5		—		4.5		—		3.8		—		3.8		—
Total assets	$	294.0	$	288.9	$	5.1	$	—	$	319.0	$	314.6	$	4.4	$	—
Liability:
Foreign currency forward contracts (5)	$	11.2	$	—	$	11.2	$	—	$	8.4	$	—	$	8.4	$	—
Contingent consideration (6)	2.9		—		—		2.9		2.5		—		—		2.5
Total liabilities	$	14.1	$	—	$	11.2	$	2.9	$	10.9	$	—	$	8.4	$	2.5

(1)Included in other non-current assets on the Company’s Consolidated Balance Sheets.

(2)Includes, as of October 1, 2022, $276.0 million in cash and cash equivalents, $3.1 million in restricted cash, and $8.5 million in other non-current assets on the Company’s Consolidated Balance Sheets. Includes, as of July 2, 2022, $301.5 million in cash and cash equivalents, $3.1 million in restricted cash, and $8.6 million in other non-current assets on the Company’s Consolidated Balance Sheets.

(3)Included in short-term investments on the Company’s Consolidated Balance Sheets.

(4)Included in other current assets on the Company’s Consolidated Balance Sheets.

(5)Included in other current liabilities on the Company’s Consolidated Balance Sheets.

(6)Includes certain amounts in other current liabilities and other non-current liabilities on the Company’s Consolidated Balance Sheets.

Schedule of Long-term Debt Instruments

The Company’s debt measured at fair value for the periods presented are as follows:

	October 1, 2022								July 2, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt:
3.75% Senior Notes	$	320.0	$	—	$	320.0	$	—	$	337.5	$	—	$	337.5	$	—
1.00% Senior Convertible Notes	250.4		—		250.4		—		250.7		—		250.7		—
1.75% Senior Convertible Notes	72.5		—		72.5		—		73.4		—		73.4		—
Total liabilities	$	642.9	$	—	$	642.9	$	—	$	661.6	$	—	$	661.6	$	—