v3.26.1
Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($)
$ in Millions
Jun. 27, 2026
Jun. 28, 2025
Gross deferred tax assets:    
Intangibles $ 22.8 $ 20.3
Tax credit carryforwards 149.1 143.2
Net operating loss carryforwards 187.4 232.1
Inventories 9.8 14.9
Accruals and reserves 42.7 28.1
Fixed assets 22.6 17.2
Capital loss carryforwards 13.7 11.2
Capitalized and unclaimed R&D expenditure 239.5 178.1
Convertible notes 22.1 0.0
Stock-based compensation 7.5 8.9
Lease liabilities 7.1 7.5
Other 1.0 2.4
Gross deferred tax assets 725.3 663.9
Valuation allowance (189.0) (440.8)
Deferred tax assets 536.3 223.1
Gross deferred tax liabilities:    
Intangible amortization (3.0) (10.5)
Right-of-use assets (5.9) (5.8)
Inventories (3.0) (3.6)
Other (0.6) (0.1)
Deferred tax liabilities (12.5) (20.0)
Total net deferred tax assets $ 523.8 $ 203.1