v3.26.1
Balance Sheet Details (Tables)
 12 Months Ended
Jun. 27, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Inventories
The components of inventories were as follows (in millions):
June 27, 2026June 28, 2025
Raw materials and purchased parts$370.2 $253.2 
Work in process232.4 159.1 
Finished goods89.0 57.8 
Inventories$691.6 $470.1 
Schedule of Components of Property, Plant and Equipment, Net
The components of property, plant and equipment, net were as follows (in millions):
June 27, 2026June 28, 2025
Land$92.1 $108.6 
Buildings and improvement295.3 270.4 
Machinery and equipment1,141.6 848.8 
Computer equipment and software42.1 39.1 
Furniture and fixtures13.1 14.7 
Leasehold improvements53.1 45.9 
Construction in progress377.4 152.3 
2,014.7 1,479.8 
Less: Accumulated depreciation(855.6)(753.4)
Property, plant and equipment, net$1,159.1 $726.4 
Schedule of Operating Lease, Right-of-use Assets
Operating lease right-of-use assets, net were as follows (in millions):
June 27, 2026June 28, 2025
Operating lease right-of-use assets$59.3 $54.4 
Less: accumulated amortization(30.1)(26.5)
Operating lease right-of-use assets, net$29.2 $27.9 
Schedule of Components of Other Current Liabilities
The components of other current liabilities were as follows (in millions):
June 27, 2026June 28, 2025
Restructuring and related accrual (1)
$2.4 $2.5 
Warranty reserve (2)
24.7 14.4 
Deferred revenue and customer deposits (4)
15.4 0.7 
Income tax payable (3)
38.3 29.1 
Other current liabilities 10.7 6.4 
Other current liabilities
$91.5 $53.1 
(1) Refer to “Note 12. Restructuring and Related Charges.”
(2) Refer to “Note 16. Commitments and Contingencies.”
(3) Refer to “Note 13. Income Taxes.”
(4) Refer to “Note 18. Revenue Recognition.”
Schedule of Components of Other Non-current Liabilities
The components of other non-current liabilities were as follows (in millions):
June 27, 2026June 28, 2025
Asset retirement obligation$9.0 $7.1 
Pension and related accrual (1)
7.2 9.7 
Unrecognized tax benefit (2)
67.2 55.6 
Other non-current liabilities (2)
31.8 25.4 
Other non-current liabilities
$115.2 $97.8 
(1) We have defined benefit pension plans in Japan, Switzerland, and Thailand. Pension and related accrual of $7.2 million as of June 27, 2026 relates to $7.9 million of non-current portion of benefit obligation, offset by $0.7 million of funding for the pension plan in Switzerland. Pension and related accrual of $9.7 million as of June 28, 2025 relates to $11.0 million of non-current portion of benefit obligation, offset by $1.3 million of funding for the pension plan in Switzerland. We typically re-evaluate the assumptions related to the fair value of our defined benefit obligations annually in the fiscal fourth quarter and make any updates as necessary. Refer to “Note 15. Employee Retirement Plans”.
(2) We have reclassified a $21.4 million unrecognized tax position to other non-current liabilities during the year ended June 28, 2025 for an indemnification liability related to the sale of certain assets. This did not impact our results of operations for the year ended June 28, 2025.