XML 66 R56.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Debt - Senior Credit Facility (Details) - USD ($) |  | 3 Months Ended |
--- | --- | --- | ---
Jul. 01, 2022 | Sep. 30, 2022 | Dec. 10, 2021
Line of Credit Facility [Line Items] |  |  |
Debt issuance costs capitalized |  | $ 90,000,000 |
Amortization of debt issuance costs |  | $ 4,000,000 |
Senior Credit Facilities |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate principal amount | $ 4,000,000,000 |  |
5.000% Senior Notes |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, interest rate |  | 5.00% | 5.00%
New Term Loan A Credit Facility |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate principal amount | $ 850,000,000 |  |
New Term Loan A Credit Facility | LIBOR |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 2.00% | 2.00% |
New Term Loan A Credit Facility | Term A Facility and Revolving Credit Facility | LIBOR |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 0.00% |  |
New Term Loan A Credit Facility | Term A Facility and Revolving Credit Facility | LIBOR | Minimum |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 1.75% |  |
New Term Loan A Credit Facility | Term A Facility and Revolving Credit Facility | LIBOR | Maximum |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 2.50% |  |
New Term Loan B Credit Facility |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate principal amount | $ 2,800,000,000 |  |
New Term Loan B Credit Facility | LIBOR |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 2.75% | 2.75% |
New Term Loan B Credit Facility | New Term Loan B Credit Facility |  |  |
Line of Credit Facility [Line Items] |  |  |
Interest expense |  | $ 50,000,000 |
New Term Loan B Credit Facility | New Term Loan B Credit Facility | LIBOR |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 0.50% |  |
Revolving Credit Facility |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate principal amount | $ 350,000,000 |  |
Revolving Credit Facility | LIBOR |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 2.00% |  |
Revolving Credit Facility | Term A Facility and Revolving Credit Facility | LIBOR |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 0.00% |  |
Revolving Credit Facility | Term A Facility and Revolving Credit Facility | LIBOR | Minimum |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 1.75% |  |
Revolving Credit Facility | Term A Facility and Revolving Credit Facility | LIBOR | Maximum |  |  |
Line of Credit Facility [Line Items] |  |  |
Debt instrument, rate added on variable rate | 2.50% |  |
Letter of Credit |  |  |
Line of Credit Facility [Line Items] |  |  |
Aggregate principal amount | $ 50,000,000 |  |

X
- Definition Amount of amortization expense attributable to debt issuance costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(8)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1F -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_AmortizationOfFinancingCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings, excluding amortization of debt discount (premium) and financing costs. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69E -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1F -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495355-112611 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 55 -Paragraph 69F -URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495745-112612 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph 8 -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_InterestExpenseDebtExcludingAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_NewSeniorCreditFacilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_A500SeniorNotesDueDecember2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=iivi_NewTermLoanACreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_TermAFacilityAndRevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=iivi_NewTermLoanBCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iivi_NewTermLoanBCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LetterOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |