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Debt
3 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Debt Debt
Debt consisted of the following:
September 30,
2022
July 1,
2022
(in millions)
1.50% convertible notes due 2024
$1,100 $1,100 
4.75% senior unsecured notes due 2026
2,300 2,300 
Variable interest rate Term Loan A-2 maturing 20272,700 2,700 
2.85% senior unsecured notes due 2029
500 500 
3.10% senior unsecured notes due 2032
500 500 
Total debt7,100 7,100 
Issuance costs and debt discounts(29)(78)
Long-term debt$7,071 $7,022 

During the three months ended September 30, 2022, the Company drew and repaid $300 million principal amount under its $2.25 billion revolving credit facility maturing in January 2027 (the “2027 Revolving Credit Facility”). The terms of the credit agreement governing the 2027 Revolving Credit Facility and Term Loan A-2 requires the Company to comply with a leverage ratio financial covenant. As of September 30, 2022, the Company was in compliance with this financial covenant.

As described in Note 2, Recent Accounting Pronouncements the Company adopted ASU 2020-06 effective July 2, 2022, using a modified retrospective method, which resulted in the elimination of the originally recorded debt discount associated with the conversion feature on its 1.50% convertible notes due 2024.