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Debt | 3 Months Ended
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Sep. 29, 2017
Debt Disclosure [Abstract] |
Debt | Debt Debt consisted of the following as of September 29, 2017 and June 30, 2017:
| September 29, 2017 |  | June 30, 2017
| (in millions)
Variable interest rate Term Loan A maturing 2021 | $ | 4,073 |  |  | $ | 4,125 |
Variable interest rate U.S. Term Loan B-2 maturing 2023 | 2,963 |  |  | 2,970 |
Variable interest rate Euro Term Loan B-2 maturing 2023(1) | 1,031 |  |  | 1,001 |
7.375% senior secured notes due 2023 | 1,875 |  |  | 1,875 |
10.500% senior unsecured notes due 2024 | 3,350 |  |  | 3,350 |
Convertible senior notes | 35 |  |  | 35 |
Total debt | 13,327 |  |  | 13,356 |
Issuance costs and debt discounts | (196 | ) |  | (205 | )
Subtotal | 13,131 |  |  | 13,151 |
Less current portion of long-term debt | (258 | ) |  | (233 | )
Long-term debt | $ | 12,873 |  |  | $ | 12,918 |
(1) | Euro Term Loan B-2 outstanding principal amounts as of September 29, 2017 and June 30, 2017 were based upon the Euro to U.S. dollar exchange rate as of those respective dates.
The Credit Agreement requires the Company to comply with certain financial covenants, such as a leverage ratio and an interest coverage ratio. As of September 29, 2017, the Company was in compliance with all financial covenants. In addition, the documents governing substantially all of the Company’s outstanding debt, including the Credit Agreement, require the Company to comply with customary covenants that limit or restrict the Company’s and its subsidiaries’ ability to incur liens and indebtedness; make certain restricted payments, acquisitions, investments, loans and guarantees; and enter into certain transactions with affiliates, mergers and consolidations.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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