v3.26.1
Fair Value of Financial Instruments (Tables)
9 Months Ended
Mar. 29, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Carried at Fair Value
The following table sets forth financial instruments carried at fair value within the U.S. GAAP hierarchy:
 Estimated fair value
SuccessorPredecessor
(in millions of U.S. Dollars)Fair value hierarchyMarch, 29, 2026June 29, 2025
Assets:
Money market funds1$36.8 $61.8 
U.S. treasury securities1201.3 224.6 
MACOM Shares1— 102.0 
Municipal bonds2104.8 79.2 
Corporate bonds2221.3 196.8 
Commercial paper253.6 28.3 
Certificates of deposit2$22.7 $5.0 
Liabilities:
Forward equity contract2$— $— 
Warrants3— — 
Embedded derivative on New 2L Renesas Convertible Notes3$— $— 
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 2 and Note 3)
$33.6$94.5
Changes in fair value
(2.1)(6.6)
Reclassification to equity(31.5)(87.9)
Balance as of March 29, 2026——