v3.26.1
Balance Sheet and Other Details (Tables)
 12 Months Ended
Jun. 27, 2026
Balance Sheet And Other Details  
Summary of Activity Related to Deferred Revenue and Financed Unearned Services Revenue
The following table summarizes the activity related to deferred revenue, for the year ended June 27, 2026 (in millions):
Balance as of June 28, 2025
$102.3 
Revenue deferrals for new contracts(1)
149.8 
Acquisition(2)
33.8 
Revenue recognized during the period(3)
(143.7)
Balance as of June 27, 2026(4)
$142.2 
Short-term deferred revenue$101.9 
Long-term deferred revenue40.3 
(1) Included in these amounts is the impact from foreign currency exchange rate fluctuations.
(2) This amount includes deferred revenue at acquisition date and measurement period adjustments. Refer to “Note 5. Acquisitions” for more information.
(3) Revenue recognized during the period represents releases from the balance at the beginning of the period as well as releases from the following period quarter-end deferrals.
(4) The long-term portion of deferred revenue is included as a component of Other non-current liabilities on the Consolidated Balance Sheets.
Activities and Balances for Allowance for Doubtful Accounts
The table below presents the activities and balances for allowance for credit losses, as follows (in millions):
Balance at Beginning of Period
Acquisition(1)
Charged to Costs and Expenses
Deduction(2)
Balance at
End of Period
Year Ended June 27, 2026$1.9 $— $1.6 $(0.7)$2.8 
Year Ended June 28, 20251.6 0.6 1.0 (1.3)1.9 
Year Ended June 29, 20241.0 — 1.3 (0.7)1.6 
(1) Refer to “Note 5. Acquisitions” for details of acquisition.
(2) Represents the effect of foreign currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.
Schedule of Components of Inventories
The following table presents the components of inventories, net, as follows (in millions):
June 27, 2026June 28, 2025
Finished goods$65.2 $52.5 
Work in process25.3 18.3 
Raw materials64.8 47.1 
Inventories, net$155.3 $117.9 
Schedule of Components of Prepayments and Other Current Assets
The following table presents the components of prepayments and other current assets, as follows (in millions):
June 27, 2026June 28, 2025
Prepayments$26.8 $21.9 
Refundable income taxes24.6 32.0 
Advances to contract manufacturers22.0 5.8 
Fair value of forward contracts1.6 4.9 
Other current assets18.2 12.7 
Prepayments and other current assets$93.2 $77.3 
Schedule of Components of Property, Plant and Equipment
The following table presents the components of property, plant and equipment, net, as follows (in millions):
June 27, 2026June 28, 2025
Land$19.6 $19.9 
Buildings and improvements80.6 79.6 
Machinery and equipment412.1 400.5 
Furniture, fixtures, software and office equipment68.9 67.8 
Leasehold improvements78.4 75.9 
Construction in progress20.9 26.5 
Property, plant and equipment, gross680.5 670.2 
Less: Accumulated depreciation
(456.0)(438.3)
Property, plant and equipment, net$224.5 $231.9 
Schedule of Components of Other Current Assets
The following table presents the components of other non-current assets, as follows (in millions):
June 27, 2026June 28, 2025
Operating ROU assets, net$42.6 $34.1 
Long-term restricted cash5.1 4.9 
Deferred contract cost3.0 3.0 
Long-term investment (Note 7)
3.0 3.0 
Debt issuance cost - Revolving Credit Facility2.6 1.4 
Deposits2.5 2.4 
Other13.0 13.4 
Other non-current assets$71.8 $62.2 
Schedule of Components of Other Current Liabilities
The following table presents the components of other current liabilities, as follows (in millions):
June 27, 2026June 28, 2025
Fair value of contingent consideration (Note 8)
$58.5 $41.5 
Operating lease liabilities
11.8 10.2 
Income tax payable7.7 8.2 
Warranty accrual6.6 5.9 
Restructuring accrual (Note 13)
6.5 3.5 
Interest payable4.5 5.1 
Acquisition related holdback and related accruals2.9 16.5 
Fair value of forward contracts2.5 3.1 
Other 14.9 14.3 
Other current liabilities$115.9 $108.3 
Schedule of Components of Other Non-current Liabilities
The following table presents the components of other non-current liabilities, as follows (in millions):
June 27, 2026June 28, 2025
Pension and post-employment benefits$47.3 $54.1 
Long-term deferred revenue40.3 28.2 
Operating lease liabilities31.2 24.1 
Fair value of contingent consideration (Note 8)
18.4 75.9 
Financing obligation13.4 15.5 
Uncertain tax position10.0 11.4 
Deferred tax liability7.0 6.0 
Asset retirement obligations4.6 3.5 
Warranty accrual— 0.8 
Other 7.3 8.1 
Other non-current liabilities$179.5 $227.6 
Schedule of Components of Interest and Other Income (Expense), Net
The following table presents the components of interest and other income, net, as follows (in millions):
Years Ended
June 27, 2026June 28, 2025June 29, 2024
Interest income$15.4 $13.1 $18.9 
Foreign exchange loss, net(2.4)(1.7)(3.1)
Gain on litigation settlement— — 7.3 
Other gain (loss), net2.3 (0.3)(1.4)
Interest and other income, net$15.3 $11.1 $21.7