Investments and Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2012

Investments and Fair Value Measurements

Schedule of available for sale securities

At March 31, 2012, the Company’s available-for-sale securities were as follows (in millions):

			Gross		Gross
	Amortized		Unrealized		Unrealized			Estimated
	Cost		Gains		Losses			Fair Value
Debt securities:
U.S. treasuries	$	38.5	$	—	$	—		$	38.5
Agencies
U.S.	64.0		0.2		—			64.2
Foreign	2.0		—		—			2.0
Municipal bonds and sovereign debt instruments	13.6		—		—			13.6
Asset-backed securities	28.8		0.1		(0.4		)	28.5
Corporate securities	184.4		1.5		—			185.9
Total available-for-sale securities	$	331.3	$	1.8	$	(0.4	)	$	332.7

At July 2, 2011, the Company’s available-for-sale securities were as follows (in millions):

	Amortized		Gross		Gross
	Cost / Carrying		Unrealized		Unrealized			Estimated
	Cost		Gains		Losses			Fair Value
Debt securities:
U.S. treasuries	$	27.7	$	0.1	$	—		$	27.8
Agencies
U.S.	48.5		0.3		—			48.8
Foreign	3.2		—		—			3.2
Municipal bonds and sovereign debt instruments	7.2		—		—			7.2
Asset-backed securities	20.0		1.0		(0.4		)	20.6
Corporate securities	209.1		1.6		—			210.7
Total available-for-sale securities	$	315.7	$	3.0	$	(0.4	)	$	318.3

Schedule of gross unrealized losses on available for sale securities

At March 31, 2012, 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	$	—	$	0.4	$	0.4
Total gross unrealized losses	$	—	$	0.4	$	0.4

At July 2, 2011, the Company’s gross unrealized losses on available-for-sale securities, aggregated by type of investment instrument were as follows (in millions):

	Less than		Greater than
	12 Months		12 Months		Total
Asset-backed securities	$	—	$	0.4	$	0.4
Total gross unrealized losses	$	—	$	0.4	$	0.4

Schedule of contractual maturities of available-for-sale securities

	Amortized		Estimated
	Cost		Fair Value
Amounts maturing in less than 1 year	$	218.5	$	220.0
Amounts maturing in 1 - 5 years	111.0		111.2
Amounts maturing in more than 5 years	1.8		1.5
Total debt securities	$	331.3	$	332.7

Schedule of assets measured at fair value

			Fair value measurement as of March 31, 2012
			Quoted Prices in		Significant
			Active Markets		Other
			for Identical		Observable
			Assets		Inputs
	Total		(Level 1)		(Level 2)
Assets:
Debt available-for-sale securities
U.S. treasuries	$	38.5	$	38.5	$	—
Agencies
U.S.	64.2		—		64.2
Foreign	2.0		—		2.0
Municipal bonds and sovereign debt instruments	13.6		—		13.6
Asset-backed securities	28.5		—		28.5
Corporate securities	185.9		—		185.9
Total debt available-for-sale securities	332.7		38.5		294.2
Money market instruments and funds	361.6		361.6		—
Trading securities	4.7		4.7		—
Total assets (1)	$	699.0	$	404.8	$	294.2

(1)$355.3 million in cash and cash equivalents, $303.2 million in short-term investments, $32.6 million in restricted cash, $6.6 million in long-term restricted cash included in other non-current assets, and $1.3 million in long-term investments on the Company’s consolidated balance sheet.