Acquired Developed Technology and Other Intangibles (Tables)

12 Months Ended

Jun. 29, 2024

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 as of June 29, 2024, and July 1, 2023 (in millions):

As of June 29, 2024	Weighted-Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	2.9 years	$	436.2	$	(401.9)	$	34.3
Customer relationships	1.5 years	194.8		(191.0)		3.8
Other (1)	0.5 years	36.7		(36.6)		0.1
Total intangibles		$	667.7	$	(629.5)	$	38.2

As of July 1, 2023	Weighted-Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology(2)	3.9 years	$	438.5	$	(390.2)	$	48.3
Customer relationships	2.0 years	195.2		(185.9)		9.3
Other(1)	0.7 years	39.8		(38.8)		1.0
Total intangibles		$	673.5	$	(614.9)	$	58.6

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

(2) During fiscal 2023, we recorded a $0.6 million non-cash charge due to the discontinued use of certain intellectual property. This charge has been recorded within SG&A in the Consolidated Statements of Operations.

Schedule of Estimated Future Amortization

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of June 29, 2024, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
2025	$	15.8
2026	11.3
2027	7.5
2028	3.0
2029	0.6
Total amortization	$	38.2