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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2023
Jul. 02, 2022
Current assets:    
Cash and cash equivalents $ 506.5 $ 559.9
Short-term investments 14.6 1.4
Restricted cash 4.5 3.6
Accounts receivable, net 231.2 260.9
Inventories, net 116.1 110.1
Prepayments and other current assets 72.1 69.2
Total current assets 945.0 1,005.1
Property, plant and equipment, net 243.0 228.9
Goodwill, net 455.2 387.6
Intangibles, net 58.6 54.2
Deferred income taxes 87.0 86.3
Other non-current assets 61.7 65.8
Total assets 1,850.5 1,827.9
Current liabilities:    
Accounts payable 47.2 58.3
Accrued payroll and related expenses 50.5 76.0
Deferred revenue 78.6 81.0
Accrued expenses 21.2 29.3
Short-term debt 96.2 68.4
Other current liabilities 49.8 56.3
Total current liabilities 343.5 369.3
Long-term debt 629.5 616.5
Other non-current liabilities 186.7 170.4
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 1 million shares authorized, no shares issued or outstanding at July 1, 2023 and July 2, 2022. 0.0 0.0
Common stock, $0.001 par value; 1 billion shares authorized; 222 million shares at July 1, 2023 and 226 million shares at July 2, 2022, issued and outstanding 0.2 0.2
Additional paid-in capital 70,427.3 70,370.2
Accumulated deficit (69,600.7) (69,542.3)
Accumulated other comprehensive loss (136.0) (156.4)
Total stockholders’ equity 690.8 671.7
Total liabilities and stockholders’ equity $ 1,850.5 $ 1,827.9