Accumulated Other Comprehensive Loss

6 Months Ended

Dec. 30, 2023

Note 4. Accumulated Other Comprehensive Loss

The Company’s accumulated other comprehensive loss consists of the accumulated net unrealized gains or losses on available-for-sale investments, foreign currency translation adjustments and change in unrealized components of defined benefit obligations.

For the six months ended December 30, 2023, the changes in accumulated other comprehensive loss, net of tax, by component were as follows (in millions):






	Unrealized losses on available-for sale investments		Foreign currency translation adjustments, net of tax		Change in unrealized components of defined benefit obligations (1)		Total
Beginning balance as of July 1, 2023	$	(5.3)	$	(125.4)	$	(5.3)	$	(136.0)
Other comprehensive income before reclassification	—		9.3		—		9.3
Amounts reclassified out of accumulated other comprehensive loss	—		—		(0.1)		(0.1)
Net current-period other comprehensive income (loss)	—		9.3		(0.1)		9.2
Ending balance as of December 30, 2023	$	(5.3)	$	(116.1)	$	(5.4)	$	(126.8)

(1)The amount reclassified out of accumulated other comprehensive loss represents the amortization of actuarial gains included as a component of Cost of revenues, Research and development (R&D) and Selling, general and administrative (SG&A) in the Consolidated Statements of Operations, net of reclassification adjustments, for the six months ended December 30, 2023. There was no tax impact for the six months ended December 30, 2023. Refer to “Note 17. Employee Pension and Other Benefit Plans” for more details on the computation of net periodic cost for pension plans.