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Debt
3 Months Ended
Oct. 01, 2021
Debt Disclosure [Abstract]  
Debt Debt
Debt consisted of the following as of October 1, 2021 and July 2, 2021:
October 1,
2021
July 2,
2021
(in millions)
Variable interest rate Term Loan A-1 maturing 2023$4,269 $4,332 
Variable interest rate Term Loan B-4 maturing 2023943 1,093 
1.50% convertible notes due 2024
1,100 1,100 
4.75% senior unsecured notes due 2026
2,300 2,300 
Total debt8,612 8,825 
Issuance costs and debt discounts(91)(100)
Subtotal8,521 8,725 
Less current portion of long-term debt(251)(251)
Long-term debt$8,270 $8,474 

The credit agreement governing the revolving credit facility and Term Loan A-1 requires the Company to comply with certain financial covenants, consisting of a leverage ratio and an interest coverage ratio. As of October 1, 2021, the Company was in compliance with these financial covenants.

During the three months ended October 1, 2021, the Company made a voluntary prepayment of $150 million on its Term Loan B-4. On October 22, 2021, the Company voluntarily prepaid the remaining principal balance of $943 million on its Term Loan B-4.