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Leases (Tables)
12 Months Ended
Jul. 01, 2023
Leases [Abstract]  
Lease, Cost
Lease expense, cash flow and balance sheet information related to our operating leases is as follows (in millions):
July 1, 2023July 2, 2022
Operating lease costs (1)
$13.1 $14.0 
Cash paid for amounts included in the measurement of operating lease liabilities14.4 15.5 
Operating ROU assets obtained in exchange for operating lease obligations7.0 14.7 
Operating ROU assets (Other non-current assets)40.4 45.2 
Other current liabilities10.1 10.1 
Other non-current liabilities29.4 33.5 
Total operating lease liabilities$39.5 $43.6 
Weighted-average remaining lease term6.8 years7.2 years
Weighted-average discount rate4.8 %4.4 %
(1) Total variable lease costs were immaterial during the fiscal years ended July 1, 2023 and July 2, 2022. The total operating costs were included in cost of revenues, R&D and SG&A in the Consolidated Statements of Operations.
Lessee, Operating Lease, Liability, Maturity
Future minimum operating lease payments as of July 1, 2023 are as follows (in millions):
Operating Leases
Fiscal 2024$10.3 
Fiscal 20259.4 
Fiscal 20267.2 
Fiscal 20275.6 
Fiscal 20284.0 
Thereafter9.7 
Total lease payments46.2 
Less: Interest(6.7)
Present value of lease liabilities$39.5 
Future minimum operating lease payments as of July 2, 2022, were as follows (in millions):
Operating Leases
Fiscal 2023$10.2 
Fiscal 20249.8 
Fiscal 20257.8 
Fiscal 20266.0 
Fiscal 20274.6 
Thereafter12.8 
Total lease payments51.2 
Less: Interest(7.6)
Present value of lease liabilities$43.6