Fair Value Measurements (Tables)

3 Months Ended

Oct. 03, 2026

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured at fair value on a recurring basis for the periods presented are as follows (in millions):



	October 3, 2026								June 27, 2026
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Assets:

Debt available-for-sale securities(1)	$	0.3	$	—	$	0.3	$	—	$	0.3	$	—	$	0.3	$	—

Money market funds(2)	291.2		291.2		—		—		452.6		452.6		—		—
Trading securities(3)	2.0		2.0		—		—		1.9		1.9		—		—
Foreign currency forward contracts(4)	1.1		—		1.1		—		1.6		—		1.6		—

Total assets	$	294.6	$	293.2	$	1.4	$	—	$	456.4	$	454.5	$	1.9	$	—

Liabilities:
Foreign currency forward contracts(5)	$	1.7	$	—	$	1.7	$	—	$	2.5	$	—	$	2.5	$	—
Contingent consideration(6)	93.0		—		—		93.0		76.9		—		—		76.9
Total liabilities	$	94.7	$	—	$	1.7	$	93.0	$	79.4	$	—	$	2.5	$	76.9

(1)Included in Other non-current assets on the Consolidated Balance Sheets.

(2)Includes, as of October 3, 2026, $282.3 million in Cash and cash equivalents, $6.0 million in Restricted cash and $2.9 million in Other non-current assets on the Consolidated Balance Sheets. Includes, as of June 27, 2026, $443.3 million in Cash and cash equivalents, $6.4 million in Restricted cash and $2.9 million in Other non-current assets on the Consolidated Balance Sheets.

(3)Included in Short-term investments on the Consolidated Balance Sheets.

(4)Included in Prepayments and other current assets on the Consolidated Balance Sheets.

(5)Included in Other current liabilities on the Consolidated Balance Sheets.

(6)As of October 3, 2026 and June 27, 2026, includes certain amounts in Other current liabilities and Other non-current liabilities on the Consolidated Balance Sheets.

Schedule of Long-term Debt Instruments

The Company’s debt measured at fair value for the periods presented is as follows (in millions):


	October 3, 2026								June 27, 2026
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt:
0.625% Senior Convertible Notes	$	880.0	$	—	$	880.0	$	—	$	889.1	$	—	$	889.1	$	—
3.75% Senior Notes	372.1		—		372.1		—		381.8		—		381.8		—


Total	$	1,252.1	$	—	$	1,252.1	$	—	$	1,270.9	$	—	$	1,270.9	$	—

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details