v3.25.3
Cash, Cash Equivalents and Short-term Investments (Tables)
 3 Months Ended
Sep. 27, 2025
Cash and Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents and Short-term Investments
The following table summarizes our cash, cash equivalents and short-term investments by category for the periods presented (in millions):
Amortized
Cost		 Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair Value
September 27, 2025:
Cash$347.6 $— $— $347.6 
Cash equivalents:
Money market funds125.6 — — 125.6 
U.S. Treasury securities299.7 — — 299.7 
Total cash and cash equivalents$772.9 $— $— $772.9 
Short-term investments:
Commercial paper2.7 — — 2.7 
Corporate debt securities205.1 0.6 (0.1)205.6 
U.S. Agency securities77.1 0.1 — 77.2 
U.S. Treasury securities63.2 0.2 — 63.4 
Total short-term investments$348.1 $0.9 $(0.1)$348.9 
June 28, 2025:
Cash$349.5 $— $— $349.5 
Cash equivalents:
Commercial paper2.5 — — 2.5 
Money market funds161.7 — — 161.7 
U.S. Treasury securities7.0 — — 7.0 
Total cash and cash equivalents$520.7 $— $— $520.7 
Short-term investments:
Commercial paper$2.7 $— $— $2.7 
Corporate debt securities210.9 0.3 (0.1)211.1 
U.S. Agency securities67.6 0.1 — 67.7 
U.S. Treasury securities74.8 0.1 — 74.9 
Total short-term investments$356.0 $0.5 $(0.1)$356.4 
Schedule of Unrealized Losses on Cash Equivalents and Short-term Investments
The following table summarizes unrealized losses on our cash equivalents and short-term investments by category that have been in a continuous unrealized loss position for more than 12 months and less than 12 months as of the periods presented, respectively (in millions):
Continuous Loss Position for
 More Than 12 Months
Continuous Loss Position for
 Less Than 12 Months
Gross Unrealized Losses
Fair ValueUnrealized LossesFair ValueUnrealized Losses
September 27, 2025:
U.S. Agency securities$16.0 $— $— $— $— 
Commercial paper2.7 — — — — 
Corporate debt securities32.5 (0.1)3.0 — (0.1)
U.S. government bonds20.0 — — — — 
Total $71.2 $(0.1)$3.0 $— $(0.1)
June 28, 2025:
U.S. Agency securities$— $— $24.5 $— $— 
Commercial paper— — 5.2 — — 
Corporate debt securities— — 73.8 (0.1)(0.1)
U.S. government bonds— — 35.3 — — 
Total$— $— $138.8 $(0.1)$(0.1)
Schedule of Investments in Debt Securities by Contractual Maturities
The following table classifies our short-term investments by remaining maturities (in millions): 
September 27, 2025June 28, 2025
Amortized CostFair ValueAmortized CostFair Value
Due within 1 year$123.7 $123.9 $139.9 $140.0 
Due in 1 year to 5 years224.4 225.0 216.1 216.4 
Total$348.1 $348.9 $356.0 $356.4