CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 28, 2026	Jun. 28, 2025
Current assets:
Cash and cash equivalents	$ 2,617.8	$ 520.7
Short-term investments	554.5	356.4
Accounts receivable, net	441.6	250.0
Inventories	632.8	470.1
Prepayments and other current assets	149.0	120.1
Total current assets	4,395.7	1,717.3
Property, plant and equipment, net	964.3	726.4
Operating lease right-of-use assets, net	27.0	27.9
Goodwill	1,066.3	1,060.9
Other intangible assets, net	362.9	465.1
Deferred tax asset	197.9	210.3
Other non-current assets	13.8	10.8
Total assets	7,027.9	4,218.7
Current liabilities:
Accounts payable	392.7	225.2
Accrued payroll and related expenses	109.7	57.9
Accrued expenses	48.9	34.6
Current portion of long-term debt	3,238.6	10.6
Operating lease liabilities, current	12.5	11.4
Other current liabilities	62.9	53.1
Total current liabilities	3,865.3	392.8
Long-term debt	43.2	2,562.6
Operating lease liabilities, non-current	19.4	23.6
Deferred tax liability	5.4	7.2
Other non-current liabilities	121.2	97.8
Total liabilities	4,054.5	3,084.0
Commitments and contingencies (Note 14)
Stockholders’ equity:
Preferred stock, $0.001 par value, 10 authorized shares, 2.9 shares and zero shares issued and outstanding as of March 28, 2026 and June 28, 2025, respectively	0.0	0.0
Common stock, $0.001 par value, 990 authorized shares, 71.7 shares and 69.8 shares issued and outstanding as of March 28, 2026 and June 28, 2025, respectively	0.1	0.1
Additional paid-in capital	3,600.9	1,986.8
Accumulated deficit	(634.6)	(861.2)
Accumulated other comprehensive income	7.0	9.0
Total stockholders’ equity	2,973.4	1,134.7
Total liabilities and stockholders’ equity	$ 7,027.9	$ 4,218.7

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).