Our accumulated other comprehensive income (loss) consists of the accumulated net unrealized gains or losses on foreign currency translation adjustments, defined benefit obligations, and available-for-sale securities.


	Foreign currency translation adjustments, net of tax (1)		Defined benefit obligations, net of tax (2)		Unrealized gain (loss) on available-for-sale securities, net of tax (3)		Total












Balances as of July 1, 2023	$	10.4	$	(0.4)	$	(5.9)	$	4.1
Other comprehensive income (loss)	(0.6)		1.1		4.7		5.2
Balances as of June 29, 2024	$	9.8	$	0.7	$	(1.2)	$	9.3
Other comprehensive income (loss)	0.1		(2.3)		1.9		(0.3)
Balances as of June 28, 2025	$	9.9	$	(1.6)	$	0.7	$	9.0
Other comprehensive income (loss)	(0.3)		3.0		(1.7)		1.0
Balances as of June 27, 2026	$	9.6	$	1.4	$	(1.0)	$	10.0

(1) In fiscal year 2019, we established the functional currency for our worldwide operations as the U.S. dollar. Translation adjustments reported prior to fiscal year 2019 remain as a component of accumulated other comprehensive income in our consolidated balance sheets, until all or a part of the investment in the subsidiaries is sold or liquidated. In fiscal year 2023, we acquired IPG telecom transmission product lines. The functional currency of the Brazilian entities acquired as part of this acquisition was the local currency. In fiscal year 2026, we sold our Brazilian entities, and therefore, recognized the related accumulated translation adjustments to earnings.

(2) We evaluate the assumptions over the fair value of our defined benefit obligations annually and make changes as necessary. During fiscal years 2026, 2025 and 2024, our income (loss) on defined benefit obligations is presented net of tax of $0.6 million, nil, and $0.4 million, respectively.