v3.26.1
STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Mar. 28, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Reconciliation of Stockholders Equity
A reconciliation of stockholders' equity is presented below:
Shares of
Common
Stock		Common StockAdditional
Paid-in-
Capital		Retained Earnings (Accumulated Deficit)Accumulated
Other
Comprehensive
Income (Loss)		Total
Stockholders'
Equity
(millions, except per share data)
Balance at June 29, 2024230.2 $2.3 $3,762.7 $(722.2)$(145.9)$2,896.9 
Net income (loss)— — — 186.6 — 186.6 
Other comprehensive income (loss)— — — — (46.5)(46.5)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes2.8 — 7.2 — — 7.2 
Share-based compensation— — 19.1 — — 19.1 
Dividends declared ($0.35 per share)
— — — (81.4)— (81.4)
Balance at September 28, 2024233.0 $2.3 $3,789.0 $(617.0)$(192.4)$2,981.9 
Net income (loss)— — — 310.4 — 310.4 
Other comprehensive income (loss)— — — — 35.8 35.8 
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes2.3 — 72.0 — — 72.0 
Share-based compensation— — 21.8 — — 21.8 
Repurchase of common stock, including excise tax(28.4)(0.2)(400.0)(1,612.8)— (2,013.0)
Dividends declared ($0.35 per share)
— — — (72.4)— (72.4)
Balance at December 28, 2024206.9 $2.1 $3,482.8 $(1,991.8)$(156.6)$1,336.5 
Net income (loss)— — — 203.3 — 203.3 
Other comprehensive income (loss)— — — — (23.6)(23.6)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes0.8 — 27.4 — — 27.4 
Share-based compensation— — 25.2 — — 25.2 
Repurchase of common stock, including excise tax— — 50.0 (52.3)— (2.3)
Dividends declared ($0.35 per share)
— — — (72.7)— (72.7)
Balance at March 29, 2025207.7 $2.1 $3,585.4 $(1,913.5)$(180.2)$1,493.8 
Shares of
Common
Stock		Common StockAdditional
Paid-in-
Capital		Retained Earnings (Accumulated Deficit)Accumulated
Other
Comprehensive
Income (Loss)		Total
Stockholders'
Equity
(millions, except per share data)
Balance at June 28, 2025208.1 $2.1 $3,673.7 $(2,556.8)$(261.2)$857.8 
Net income (loss)— — — 274.8 — 274.8 
Other comprehensive income (loss)— — — — 33.1 33.1 
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes2.3 — (8.8)— — (8.8)
Share-based compensation— — 24.1 — — 24.1 
Repurchase of common stock, including excise tax(4.7)— 300.0 (998.2)— (698.2)
Dividends declared ($0.40 per share)
— — — (83.3)— (83.3)
Balance at September 27, 2025205.7 $2.1 $3,989.0 $(3,363.5)$(228.1)$399.5 
Net income (loss)— — — 561.3 — 561.3 
Other comprehensive income (loss)— — — — 26.5 26.5 
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes0.6 — 19.1 — — 19.1 
Share-based compensation— — 29.6 — — 29.6 
Repurchase of common stock, including excise tax(3.6)(0.1)— (403.4)— (403.5)
Dividends declared ($0.40 per share)
— — — (81.3)— (81.3)
Balance at December 27, 2025202.7 $2.0 $4,037.7 $(3,286.9)$(201.6)$551.2 
Net income (loss)— — — 343.8 — 343.8 
Other comprehensive income (loss)— — — — (28.7)(28.7)
Shares issued, pursuant to share-based compensation arrangements, net of shares withheld for taxes0.6 — 19.4 — — 19.4 
Share-based compensation— — 27.9 — — 27.9 
Repurchase of common stock, including excise tax(1.0)— — (150.2)— (150.2)
Dividends declared ($0.40 per share)
— — — (81.0)— (81.0)
Balance at March 28, 2026202.3 $2.0 $4,085.0 $(3,174.3)$(230.3)$682.4 
Schedule of Components of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) ("AOCI"), as of the dates indicated, are as follows:
Unrealized Gains (Losses) on Cash
Flow
Hedging Derivatives(1)
Unrealized Gains
(Losses) on Available-
for-Sale Investments
Cumulative
Translation
Adjustment(2)
Other(3)
Total
(millions)
Balances at June 29, 2024$57.1 $(0.2)$(202.8)$— $(145.9)
Other comprehensive income (loss) before reclassifications(7.3)2.8 18.3 — 13.8 
Less: amounts reclassified from accumulated other comprehensive income to earnings32.8 2.6 12.7 — 48.1 
Net current-period other comprehensive income (loss)(40.1)0.2 5.6 — (34.3)
Balances at March 29, 2025$17.0 $— $(197.2)$— $(180.2)
Balances at June 28, 2025$(0.1)$— $(261.1)$— $(261.2)
Other comprehensive income (loss) before reclassifications33.9 — 23.2 (1.1)56.0 
Less: amounts reclassified from accumulated other comprehensive income to earnings16.6 — 8.5 — 25.1 
Net current-period other comprehensive income (loss)17.3 — 14.7 (1.1)30.9 
Balances at March 28, 2026$17.2 $— $(246.4)$(1.1)$(230.3)
(1)    The ending balances of AOCI related to cash flow hedges are net of tax of $(1.2) million and $(0.5) million as of March 28, 2026 and March 29, 2025, respectively. The amounts reclassified from AOCI are net of tax of $(0.9) million and $(1.6) million as of March 28, 2026 and March 29, 2025, respectively.
(2)    The ending balances of AOCI related to the fair values of instruments designated as hedges of the Company's net investment in certain foreign operations as included in foreign currency translation adjustments are a loss of $71.6 million, net of tax of $8.0 million as of March 28, 2026. The ending balance as of March 29, 2025 is a loss of $14.5 million, net of tax of $(1.5) million.
(3)    The ending balance of AOCI relates to excluded components of derivative instruments designated as fair value hedges. The ending balance as of March 28, 2026 is a loss of $1.1 million, net of tax of $0.4 million.