v3.26.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Jun. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Carried at Fair Value
Financial instruments carried at fair value were as follows:
Estimated fair value
SuccessorPredecessor
(in millions of U.S. Dollars)Fair value hierarchyJune 28, 2026June 29, 2025
Assets:
Money market funds1$63.5 $61.8 
U.S. treasury securities1220.9 224.6 
MACOM Shares1— 102.0 
Municipal bonds289.0 79.2 
Corporate bonds2209.9 196.8 
Commercial paper243.4 28.3 
Certificates of deposit2$20.2 $5.0 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following is a rollforward of balances for liabilities classified as recurring Level 3 fair value measurements:
(in millions of U.S. Dollars)
Stock Warrant Liability
Embedded Derivative
Balance as of June 29, 2025 (Predecessor)$— $— 
Issuance at September 29, 2025 (See Note 3 and Note 4)$33.6$94.5
Changes in fair value
(2.1)(6.6)
Reclassification to equity(31.5)(87.9)
Balance as of June 28, 2026$—$—