Gross receivables include both billed and unbilled receivables (including Contract assets). As of October 3, 2026 and June 27, 2026, the Company had total unbilled receivables of $16.1 million and $22.7 million.

The Company also has short-term and long-term deferred revenue related to undelivered hardware and professional services, consisting of installations and consulting engagements, which are recognized as the Company's performance obligations under the contract are completed and accepted by the customer.

The following table presents the activity related to deferred revenue (in millions):



	October 3, 2026
	Three Months Ended
Deferred revenue:
Balance at beginning of period	$	142.2
Revenue deferrals for new contracts(1)	40.1

Revenue recognized during the period(2)	(42.8)
Balance at end of period	$	139.5

(1)This amount includes the effect of foreign currency exchange rate fluctuations.

(2)Revenue recognized during the period represents releases from the balance at the beginning of the period as well as releases from the current period deferrals.

Remaining performance obligation estimates are subject to change and are affected by several factors, including terminations, changes in the scope of contracts, adjustments for revenue that have not materialized, and currency fluctuations.

The value of the transaction price allocated to remaining performance obligations as of October 3, 2026, was $664.4 million. The Company expects to recognize approximately 93% of remaining performance obligations as revenue within the next 12 months, and the remainder thereafter.

The following table presents the activities and balances for allowance for credit losses (in millions):


	June 27, 2026		Charged to Costs and Expenses		Deductions(1)		October 3, 2026
Allowance for credit losses	$	2.8	$	0.5	$	(0.1)	$	3.2

(1)Represents the effect of currency translation adjustments and write-offs of uncollectible accounts, net of recoveries.


	October 3, 2026		June 27, 2026
Finished goods	$	73.1	$	65.2
Work in process	25.0		25.3
Raw materials	75.7		64.8
Inventories, net	$	173.8	$	155.3

The following table presents the components of prepayments and other current assets (in millions):


	October 3, 2026		June 27, 2026
Advances to contract manufacturers	$	30.3	$	22.0
Prepayments	26.0		26.8
Refundable income taxes	16.9		24.6

Fair value of forward contracts	1.1		1.6

Other current assets	17.0		18.2
Prepayments and other current assets	$	91.3	$	93.2

The following table presents the components of other non-current assets (in millions):


	October 3, 2026		June 27, 2026
Operating right-of-use (ROU) assets	$	40.2	$	42.6
Long-term restricted cash	5.0		5.1
Deferred contract cost	3.3		3.0
Long-term investment (Note 7)	3.0		3.0
Deposits	3.0		2.5
Debt issuance cost - Revolving Credit Facility	2.4		2.6
Other	15.6		13.0
Other non-current assets	$	72.5	$	71.8

The following table presents the components of other current liabilities (in millions):


	October 3, 2026		June 27, 2026



Fair value of contingent consideration	$	72.9	$	58.5
Operating lease liabilities	11.9		11.8
Income tax payable	9.1		7.7
Warranty accrual (Note 18)	6.7		6.6
Acquisition related holdback and related accruals	5.3		2.9
Restructuring accrual (Note 13)	3.0		6.5
Fair value of forward contracts	1.7		2.5
Interest payable	0.3		4.5


Other	11.9		14.9
Other current liabilities	$	122.8	$	115.9

The following table presents components of other non-current liabilities (in millions):


	October 3, 2026		June 27, 2026
Pension and post-employment benefits	$	46.3	$	47.3
Long-term deferred revenue	41.4		40.3
Operating lease liabilities	28.8		31.2
Fair value of contingent consideration	20.1		18.4
Financing obligation	13.4		13.4
Uncertain tax position	10.1		10.0

Deferred tax liability	7.7		7.0
Asset retirement obligations	4.9		4.6


Other	7.4		7.3
Other non-current liabilities	$	180.1	$	179.5