DEBT (Tables)

6 Months Ended

Dec. 30, 2023

The following table summarizes the components of the Company’s outstanding debt:


	December 30, 2023		July 1, 2023
	(millions)
Current debt:
Term Loan due 2027	$	25.0	$	25.0



Total current debt	$	25.0	$	25.0

Long-term debt:
Term Loan due 2027	$	431.3	$	443.8


USD Senior Notes:
4.250% Senior Notes due 2025	303.4		303.4
7.050% Senior Notes due 2025	500.0		—
7.000% Senior Notes due 2026	750.0		—
4.125% Senior Notes due 2027	396.6		396.6
7.350% Senior Notes due 2028	1,000.0		—
7.700% Senior Notes due 2030	1,000.0		—
3.050% Senior Notes due 2032	500.0		500.0
7.850% Senior Notes due 2033	1,250.0		—
EUR Senior Notes:
5.350% EUR Senior Notes due 2025(1)	552.1		—
5.375% EUR Senior Notes due 2027(1)	552.1		—
5.875% EUR Senior Notes due 2031(1)	552.1		—

Total long-term debt	7,787.6		1,643.8
Less: Unamortized discount and debt issuance costs on Senior Notes	(73.2)		(8.0)
Total long-term debt, net	$	7,714.4	$	1,635.8

(1)The carrying amounts of the Capri Acquisition EUR Senior Notes (as defined below) include the impact of changes in the exchange rate of the United States Dollar against the Euro.

Schedule of Estimated Fair Values of Debt Instruments

The following table shows the estimated fair values of the senior unsecured notes at December 30, 2023 and July 1, 2023 based on external pricing data, including available quoted market prices of the instruments, and consideration of comparable debt instruments with similar interest rates and trading frequency, among other factors, and is classified as Level 2 measurements within the fair value hierarchy:


	December 30, 2023	July 1, 2023
	(millions)
USD Senior Notes:
4.250% Senior Notes due 2025	299.7	295.1
7.050% Senior Notes due 2025	511.8	—
7.000% Senior Notes due 2026	777.9	—
4.125% Senior Notes due 2027	378.5	371.7
7.350% Senior Notes due 2028	1,049.8	—
7.700% Senior Notes due 2030	1,055.1	—
3.050% Senior Notes due 2032	407.5	399.5
7.850% Senior Notes due 2033	1,337.1	—
EUR Senior Notes:
5.350% EUR Senior Notes due 2025(1)	563.5	—
5.375% EUR Senior Notes due 2027(1)	571.8	—
5.875% EUR Senior Notes due 2031(1)	580.6	—

(1)The fair values of the Capri Acquisition EUR Senior Notes include the impact of changes in the exchange rate of the United States Dollar against the Euro.