Fair Value Measurements (Tables)

6 Months Ended

Dec. 30, 2023

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):

	December 30, 2023								July 1, 2023
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:
Debt available-for-sale securities:
Asset-backed securities(1)	$	0.3	$	—	$	0.3	$	—	$	0.3	$	—	$	0.3	$	—
Total debt available-for-sale securities	0.3		—		0.3		—		0.3		—		0.3		—
Money market funds(2)	377.7		377.7		—		—		344.8		344.8		—		—
Trading securities(3)	1.7		1.7		—		—		1.5		1.5		—		—
Foreign currency forward contracts(4)	5.4		—		5.4		—		3.5		—		3.5		—
Total assets	$	385.1	$	379.4	$	5.7	$	—	$	350.1	$	346.3	$	3.8	$	—
Liabilities:
Foreign currency forward contracts(5)	$	2.0	$	—	$	2.0	$	—	$	2.4	$	—	$	2.4	$	—
Contingent consideration (6)	10.6		—		—		10.6		19.7		—		—		19.7
Total liabilities	$	12.6	$	—	$	2.0	$	10.6	$	22.1	$	—	$	2.4	$	19.7

(1)Included in Other non-current assets on the Consolidated Balance Sheets.

(2)Includes, as of December 30, 2023, $370.6 million in Cash and cash equivalents, $3.0 million in Restricted cash and $4.1 million in Other non-current assets on the Consolidated Balance Sheets. Includes, as of July 1, 2023, $336.5 million in Cash and cash equivalents, $4.3 million in Restricted cash and $4.0 million in Other non-current assets on the Consolidated Balance Sheets.

(3)Included in Short-term investments on the Consolidated Balance Sheets.

(4)Included in Other current assets on the Consolidated Balance Sheets.

(5)Included in Other current liabilities on the Consolidated Balance Sheets.

(6)As of December 30, 2023, included in Other non-current liabilities on the Consolidated Balance Sheets. As of July 1, 2023, includes certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets.

Schedule of Long-term Debt Instruments

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

	December 30, 2023								July 1, 2023
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt:
3.75% Senior Notes	$	351.5	$	—	$	351.5	$	—	$	341.8	$	—	$	341.8	$	—
1.625% Senior Convertible Notes	249.7		—		249.7		—		262.7		—		262.7		—
1.00% Senior Convertible Notes	95.4		—		95.4		—		95.6		—		95.6		—
Total	$	696.6	$	—	$	696.6	$	—	$	700.1	$	—	$	700.1	$	—