Acquired Developed Technology and Other Intangibles (Tables)

3 Months Ended

Sep. 30, 2023

Acquired Developed Technology and Other Intangibles

Schedule of Acquired Developed Technology and Other Intangibles

The following tables present details of the Company’s acquired developed technology, customer relationships and other intangibles (in millions):

As of September 30, 2023	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	437.0	$	(392.3)	$	44.7
Customer relationships	193.0		(185.2)		7.8
Other (1)	39.0		(38.7)		0.3
Total intangibles	$	669.0	$	(616.2)	$	52.8

As of July 1, 2023	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	438.5	$	(390.2)	$	48.3
Customer relationships	195.2		(185.9)		9.3
Other (1)	39.8		(38.8)		1.0
Total intangibles	$	673.5	$	(614.9)	$	58.6

(1)     Other intangibles consist of customer backlog, patents, proprietary know-how and trade secrets, trademarks and trade names.

Finite-lived Intangible Assets Amortization Expense

The following table presents the amortization recorded relating to acquired developed technology, customer relationships and other intangibles (in millions):    

	Three Months Ended
	September 30, 2023		October 1, 2022
Cost of revenues	$	3.5	$	7.1
Operating expenses	2.1		2.2
Total amortization of intangible assets	$	5.6	$	9.3

Schedule of Estimated Future Amortization

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of September 30, 2023, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2024	$	14.6
2025	15.8
2026	11.3
2027	7.5
2028	3.0
Thereafter	0.6
Total amortization	$	52.8