Income Taxes(Tables)

12 Months Ended

Jun. 28, 2014

Income Taxes

Schedule of income (loss) before income taxes

The Company's income (loss) before income taxes consisted of the following (in millions):

	Years Ended
	June 28, 2014			June 29, 2013			June 30, 2012
Domestic	$	(87.9	)	$	(98.8	)	$	(76.7	)
Foreign		57.1			51.9			33.1
(Loss) income before income taxes	$	(30.8	)	$	(46.9	)	$	(43.6	)

Schedule of the Company's income tax expense (benefit)

The Company's income tax expense (benefit) consisted of the following (in millions):

	Years Ended
	June 28, 2014			June 29, 2013			June 30, 2012
Federal:
Current	$	(0.5	)	$	—		$	0.0
Deferred		(4.5	)		(0.7	)		0.6
		(5.0	)		(0.7	)		0.6
State:
Current		—			—			0.2
Deferred		(0.2	)		—			0.1
		(0.2	)		—			0.3
Foreign:
Current		18.2			18.4			16.1
Deferred		(26.1	)		(121.6	)		(5.0	)
		(7.9	)		(103.2	)		11.1
Total income tax (benefit) expense	$	(13.1	)	$	(103.9	)	$	12.0

Schedule of reconciliation of the Company's income tax expense (benefit) at the federal statutory rate to the income tax expense (benefit) at the effective tax rate

A reconciliation of the Company's income tax expense (benefit) at the federal statutory rate to the income tax expense (benefit) at the effective tax rate is as follows (in millions):

	Years Ended
	June 28, 2014			June 29, 2013			June 30, 2012
Income tax (benefit) expense computed at federal statutory rate	$	(10.8	)	$	(16.4	)	$	(15.2	)
Foreign rate differential		(1.8	)		(2.4	)		(3.8	)
Valuation allowance		24.2			(84.5	)		23.7
Statute Expiration		(21.7	)		—			—
Reversal of previously accrued taxes		(1.0	)		(0.7	)		(1.5	)
Research and experimentation benefits and other tax credits		(5.0	)		(3.2	)		(1.2	)
Non-deductible expenses		7.6			4.4			6.0
Other		(4.6	)		(1.1	)		4.0
Income tax (benefit) expense	$	(13.1	)	$	(103.9	)	$	12.0

Schedule of the Company's net deferred taxes

The components of the Company's net deferred taxes consisted of the following (in millions):

	Years Ended
	June 28, 2014			June 29, 2013			June 30, 2012
Gross deferred tax assets:
Tax credit carryforwards	$	158.6		$	150.1		$	148.0
Net operating loss carryforwards		2,346.1			2,303.0			2,288.2
Inventories		13.0			16.3			15.3
Accruals and reserves		48.2			41.8			41.0
Other		121.1			127.7			102.3
Acquisition-related items		86.8			95.9			127.2
Gross deferred tax assets		2,773.8			2,734.8			2,722.0
Valuation allowance		(2,499.8	)		(2,549.1	)		(2,637.0	)
Deferred tax assets		274.0			185.7			85.0
Gross deferred tax liabilities:
Acquisition-related items		(40.4	)		(26.5	)		(35.2	)
Undistributed foreign earnings		(6.6	)		(8.3	)		(2.9	)
Other		(50.2	)		(3.5	)		(12.3	)
Deferred tax liabilities		(97.2	)		(38.3	)		(50.4	)
Total net deferred tax assets (liabilities)	$	176.8		$	147.4		$	34.6

Schedule of reconciliation of unrecognized tax benefits

A reconciliation of unrecognized tax benefits between July 2, 2011 and June 28, 2014 is as follows (in millions):

Balance at July 2, 2011	$	64.0
Additions based on the tax positions related to the current year		3.4
Reductions for lapse of statute of limitations		(1.9	)
Reductions due to foreign currency rate fluctuation		(1.5	)
Reductions based on the tax positions related to the prior year		(2.7	)
Balance at June 30, 2012		61.3
Additions based on the tax positions related to the current year		23.7
Reductions for lapse of statute of limitations or for audit settlements		(1.2	)
Reductions due to foreign currency rate fluctuation		(0.7	)
Reductions based on ITC expiration		(2.4	)
Balance at June 29, 2013		80.7
Additions based on the tax positions related to the current year		3.2
Additions due to foreign currency rate fluctuation		0.6
Reductions for lapse of statute of limitations		(21.7	)
Reductions based on state credit expiration		(1.7	)
Reductions based on the tax positions related to the prior year		(0.8	)
Balance at June 28, 2014	$	60.3

Schedule of the tax years that remain subject to examination by the Company's major tax jurisdictions

The following table summarizes the Company's major tax jurisdictions and the tax years that remain subject to examination by such jurisdictions as of June 28, 2014:

Tax Jurisdictions	Tax Years
United States	2010 and onward
Canada	2007 and onward
China	2009 and onward
France	2009 and onward
Germany	2009 and onward
Korea	2009 and onward
United Kingdom	2008 and onward