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Investments and Fair Value Measurements (Tables)
12 Months Ended
Jun. 28, 2014
Investments and Fair Value Measurements  
Schedule of available-for-sale securities

As of June 28, 2014 the Company's available-for-sale securities were as follows (in millions):

 
  Amortized
Cost / Carrying
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair Value
 

Debt securities:

                         

U.S. treasuries

  $ 36.8   $   $   $ 36.8  

U.S. agencies

    70.0             70.0  

Municipal bonds and sovereign debt instruments

    16.8             16.8  

Asset-backed securities

    94.7     0.1     (0.2 )   94.6  

Corporate securities

    370.5     0.2         370.7  
                   

Total debt available-for-sale securities

  $ 588.8   $ 0.3   $ (0.2 ) $ 588.9  
                   
                   

As of June 29, 2013, the Company's available-for-sale securities were as follows (in millions):

 
  Amortized
Cost / Carrying
Cost
  Gross
Unrealized
Gains
  Gross
Unrealized
Losses
  Estimated
Fair Value
 

Debt securities:

                         

U.S. treasuries

  $ 12.0   $   $   $ 12.0  

U.S. agencies

    52.4             52.4  

Municipal bonds and sovereign debt instruments

    12.7             12.7  

Asset-backed securities

    15.5         (0.3 )   15.2  

Corporate securities

    135.1     0.7     (0.1 )   135.7  
                   

Total debt available-for-sale securities

  $ 227.7   $ 0.7   $ (0.4 ) $ 228.0  
                   
                   
Schedule of gross unrealized losses on available-for-sale securities

As of June 28, 2014, the Company's total gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument, were as follows (in millions):

 
  Less than
12 Months
  Greater than
12 Months
  Total  

Asset-backed securities

  $   $ 0.2   $ 0.2  

Corporate securities

             
               

Total gross unrealized losses

  $   $ 0.2   $ 0.2  
               
               

As of June 29, 2013, the Company's total gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument, were as follows (in millions):

 
  Less than
12 Months
  Greater than
12 Months
  Total  

Asset-backed securities

  $   $ 0.3   $ 0.3  

Corporate securities

    0.1         0.1  
               

Total gross unrealized losses

  $ 0.1   $ 0.3   $ 0.4  
               
               
Schedule of contractual maturities of available-for-sale securities

As of June 28, 2014, contractual maturities of the Company's debt securities classified as available-for-sale securities were as follows (in millions):

 
  Amortized
Cost / Carrying
Cost
  Estimated
Fair Value
 

Amounts maturing in less than 1 year

  $ 412.5   $ 412.6  

Amounts maturing in 1 - 5 years

    175.3     175.5  

Amounts maturing more than 5 years

    1.0     0.8  
           

Total debt available-for-sale securities

  $ 588.8   $ 588.9  
           
           
Schedule of assets measured at fair value

Assets measured at fair value at June 28, 2014 are summarized below (in millions):

 
   
  Fair value measurement as of
June 28, 2014
 
 
  Total   Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
  Significant
Other
Observable
Inputs
(Level 2)
 

Assets:

                   

Debt available-for-sale securities

                   

U.S. treasuries

  $ 36.8   $ 36.8   $  

U.S. agencies

    70.0         70.0  

Municipal bonds and sovereign debt instruments

    16.8         16.8  

Asset-backed securities

    94.6         94.6  

Corporate securities

    370.7         370.7  
               

Total debt available-for-sale securities

    588.9     36.8     552.1  

Money market funds

    178.7     178.7      

Trading securities

    3.9     3.9      
               

Total assets(1)

  $ 771.5   $ 219.4   $ 552.1  
               
               

(1)
$183.2 million in cash and cash equivalents, $552.2 million in short-term investments, $31.5 million in restricted cash, and $4.6 million in other non-current assets on the Company's consolidated balance sheets.