v3.26.1
Cash, Cash Equivalents and Short-term Investments (Tables)
 12 Months Ended
Jun. 27, 2026
Cash and Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents and Short-Term Investments
The following table summarizes our cash, cash equivalents and short-term investments by category for the periods presented (in millions):
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
June 27, 2026:
Cash$635.9 $— $— $635.9 
Cash equivalents:
Certificate of deposit131.8 — — 131.8 
Commercial paper14.5 — — 14.5 
Money market funds1,261.3 — — 1,261.3 
Total cash and cash equivalents$2,043.5 $— $— $2,043.5 
Short-term investments:
Commercial paper$54.6 $— $(0.1)$54.5 
Corporate debt securities350.7 0.1 (1.2)349.6 
U.S. Agency securities154.7 — (0.4)154.3 
U.S. Treasury securities136.8 — (0.3)136.5 
Total short-term investments$696.8 $0.1 $(2.0)$694.9 
June 28, 2025:
Cash$349.5 $— $— 349.5 
Cash equivalents:
Commercial paper2.5 — — 2.5 
Money market funds161.7 — — 161.7 
U.S. Treasury securities7.0 — — 7.0 
Total cash and cash equivalents$520.7 $— $— $520.7 
Short-term investments:
Commercial paper$2.7 $— $— 2.7 
Corporate debt securities210.9 0.3 (0.1)211.1 
U.S. Agency securities67.6 0.1 — 67.7 
U.S. Treasury securities74.8 0.1 — 74.9 
Total short-term investments$356.0 $0.5 $(0.1)$356.4 
Schedule of Components of Interest and Other Income , Net
The components of other income, net are as follows for the years presented (in millions):
Years Ended
June 27, 2026June 28, 2025June 29, 2024
Foreign exchange (losses) gains, net$(0.5)$(4.2)$0.8 
Interest and investment income60.2 34.4 61.3 
Other losses, net(6.4)— — 
Other income, net$53.3 $30.2 $62.1 
Schedule of Unrealized Losses on Cash Equivalents and Short-Term Investments
The following table summarizes unrealized losses on our cash equivalents and short-term investments by category that have been in a continuous unrealized loss position for less than 12 months, as of the periods presented (in millions):
Continuous Loss Position For
 Less Than 12 Months		Gross Unrealized Losses
Fair ValueUnrealized Losses
June 27, 2026:
U.S. Agency securities$130.5 $(0.4)$(0.4)
Commercial paper69.0 (0.1)(0.1)
Corporate debt securities275.8 (1.2)(1.2)
U.S. government bonds106.9 (0.3)(0.3)
Total$582.2 $(2.0)$(2.0)
June 28, 2025:
U.S. Agency securities$24.5 $— $— 
Commercial paper5.2 — — 
Corporate debt securities73.8 (0.1)(0.1)
U.S. government bonds35.3 — — 
Total$138.8 $(0.1)$(0.1)
Schedule of Classification of Investments in Debt Securities by Contractual Maturities
The following table classifies our short-term investments by remaining maturities (in millions): 
June 27, 2026June 28, 2025
Amortized CostFair ValueAmortized CostFair Value
Due within 1 year$247.9 $247.8 $139.9 $140.0 
Due between 1 year to 5 years448.9 447.1 216.1 216.4 
$696.8 $694.9 $356.0 $356.4