v3.26.1
Income Taxes - Components of Net Deferred Taxes (Details) - USD ($)
$ in Millions
Jun. 27, 2026
Jun. 28, 2025
Jun. 29, 2024
Gross deferred tax assets:      
Tax credit carryforwards $ 143.2 $ 140.5 $ 138.2
Net operating loss carryforwards 240.2 337.9 381.0
Capital loss carryforwards 1.1 1.1 1.0
Inventories 63.1 48.9 37.2
Accruals and reserves 60.7 54.9 53.0
Intangibles including acquisition related items 439.6 461.8 510.6
Capitalized research costs 411.3 355.6 312.3
Other 56.8 48.3 43.5
Gross deferred tax assets 1,416.0 1,449.0 1,476.8
Valuation allowance (1,238.9) (1,266.3) (1,336.0)
Deferred tax assets 177.1 182.7 140.8
Gross deferred tax liabilities:      
Acquisition related items (53.8) (54.1) (29.4)
Tax on unrepatriated earnings (5.0) (4.9) (9.5)
Foreign branch tax adjustments (30.2) (25.2) (14.6)
Other (20.5) (17.4) (16.5)
Deferred tax liabilities (109.5) (101.6) (70.0)
Total net deferred tax assets $ 67.6 $ 81.1 $ 70.8