v3.26.1
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
Interest Rate Swaps [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Interest Rate Swaps [Member]
Retained Earnings [Member]
Balance Beginning at Jul. 01, 2023 $ 3,745.5   $ 1.5 $ 2,863.0 $ 14.0   $ 867.0
Balance Beginning, shares at Jul. 01, 2023     154,500,000        
Net income 435.9           435.9
Interest rate swaps (10.0) $ (8.6)       $ (8.6)  
Foreign currency translation adjustment (1.4)       (1.4)    
Issuance of common stock under stock-based compensation plans (19.3)     (19.3)      
Issuance of common stock under stock-based compensation plans, shares     800,000        
Issuance of common stock under employee stock purchase plan 15.5     15.5      
Issuance of common stock under employee stock purchase plan, shares     200,000        
Common stock repurchased (78.1)   $ (78.1) (78.1)      
Common stock repurchased, shares     (1,300,000)        
Stock-based compensation expense 37.4     37.4      
Balance Ending at Jun. 29, 2024 4,126.9   $ 1.5 2,818.5 4.0   1,302.9
Balance Ending, shares at Jun. 29, 2024     154,200,000        
Net income 340.2           340.2
Interest rate swaps (7.2) (7.2)       (7.2)  
Foreign currency translation adjustment 0.0            
Issuance of common stock under stock-based compensation plans (7.7)     (7.7)      
Issuance of common stock under stock-based compensation plans, shares     1,100,000        
Issuance of common stock under employee stock purchase plan 32.7     32.7      
Issuance of common stock under employee stock purchase plan, shares     400,000        
Common stock repurchased (57.6)   $ (57.6) (57.6)      
Common stock repurchased, shares     (800,000)        
Stock-based compensation expense 45.1     45.1      
Balance Ending at Jun. 28, 2025 $ 4,472.4   $ 1.5 2,831.0 (3.2)   1,643.1
Balance Ending, shares at Jun. 28, 2025 154,900,000   154,900,000        
Net income $ 359.3           359.3
Interest rate swaps (0.5) $ 0.6       $ 0.6  
Foreign currency translation adjustment (1.1)       (1.1)    
Issuance of common stock under stock-based compensation plans (18.8)   $ 0.1 (18.9)      
Issuance of common stock under stock-based compensation plans, shares     800,000        
Issuance of common stock under employee stock purchase plan 36.9     36.9      
Issuance of common stock under employee stock purchase plan, shares     400,000        
Common stock repurchased (1.5)   $ (1.5) (1.5)      
Common stock repurchased, shares     0        
Stock-based compensation expense 51.5     51.5      
Balance Ending at Jun. 27, 2026 $ 4,899.3   $ 1.6 $ 2,899.0 $ (3.7)   $ 2,002.4
Balance Ending, shares at Jun. 27, 2026 156,100,000   156,100,000