v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Jun. 27, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The Company’s assets and liabilities measured at fair value on a recurring basis for the periods presented are as follows (in millions):
June 27, 2026June 28, 2025
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Debt available-for-sale securities(1)
$0.3 $— $0.3 $— $0.3 $— $0.3 $— 
Money market funds(2)
452.6 452.6 — — 229.0 229.0 — — 
Trading securities(3)
1.9 1.9 — — 1.6 1.6 — — 
Foreign currency forward contracts(4)
1.6 — 1.6 — 4.9 — 4.9 — 
Total assets $456.4 $454.5 $1.9 $— $235.8 $230.6 $5.2 $— 
Liability:
Foreign currency forward contracts(5)
$2.5 $— $2.5 $— $3.1 $— $3.1 $— 
Contingent consideration(6)
76.9 — — 76.9 117.4 — — 117.4 
Total liabilities$79.4 $— $2.5 $76.9 $120.5 $— $3.1 $117.4 
(1) Included in Other non-current assets on the Consolidated Balance Sheets.
(2) Includes, as of June 27, 2026, $443.3 million in Cash and cash equivalents, $6.4 million in Restricted cash and $2.9 million in Other non-current assets on the Consolidated Balance Sheets. Includes, as of June 28, 2025, $222.4 million in Cash and cash equivalents, $3.5 million in Restricted cash, and $3.1 million in Other non-current assets on the Consolidated Balance Sheets.
(3) Included in Short-term investments on the Consolidated Balance Sheets.
(4) Included in Prepayments and other current assets on the Consolidated Balance Sheets.
(5) Included in Other current liabilities on the Consolidated Balance Sheets.
(6) As of June 27, 2026 and June 28, 2025, includes certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets.
Schedule of Changes in Fair Value of Level 3 Liabilities
The Company’s assets and liabilities measured at fair value on a recurring basis for the periods presented are as follows (in millions):
June 27, 2026June 28, 2025
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Debt available-for-sale securities(1)
$0.3 $— $0.3 $— $0.3 $— $0.3 $— 
Money market funds(2)
452.6 452.6 — — 229.0 229.0 — — 
Trading securities(3)
1.9 1.9 — — 1.6 1.6 — — 
Foreign currency forward contracts(4)
1.6 — 1.6 — 4.9 — 4.9 — 
Total assets $456.4 $454.5 $1.9 $— $235.8 $230.6 $5.2 $— 
Liability:
Foreign currency forward contracts(5)
$2.5 $— $2.5 $— $3.1 $— $3.1 $— 
Contingent consideration(6)
76.9 — — 76.9 117.4 — — 117.4 
Total liabilities$79.4 $— $2.5 $76.9 $120.5 $— $3.1 $117.4 
(1) Included in Other non-current assets on the Consolidated Balance Sheets.
(2) Includes, as of June 27, 2026, $443.3 million in Cash and cash equivalents, $6.4 million in Restricted cash and $2.9 million in Other non-current assets on the Consolidated Balance Sheets. Includes, as of June 28, 2025, $222.4 million in Cash and cash equivalents, $3.5 million in Restricted cash, and $3.1 million in Other non-current assets on the Consolidated Balance Sheets.
(3) Included in Short-term investments on the Consolidated Balance Sheets.
(4) Included in Prepayments and other current assets on the Consolidated Balance Sheets.
(5) Included in Other current liabilities on the Consolidated Balance Sheets.
(6) As of June 27, 2026 and June 28, 2025, includes certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets.
Schedule of Debt Measures at Fair Value
The Company’s debt measured at fair value for the periods presented are as follows (in millions):
June 27, 2026June 28, 2025
TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Debt:
0.625% Senior Convertible Notes(1)
$889.1 $— $889.1 $— $— $— $— $— 
3.75% Senior Notes
381.8 — 381.8 — 373.6 — 373.6 — 
1.625% Senior Convertible Notes(2)
— — — — 252.0 — 252.0 — 
Total liabilities$1,270.9 $— $1,270.9 $— $625.6 $— $625.6 $— 
(1) The 2031 Notes were issued on August 20, 2025. See “Note 11. Debt”, for further discussion of the Company’s debt.
(2) The 2026 Notes were settled upon maturity on March 15, 2026. See “Note 11. Debt”, for further discussion of the Company’s debt.