XML 50 R37.htm IDEA: XBRL DOCUMENT v3.25.2

Debt and Revolving Credit Facility (Tables)

12 Months Ended

Jun. 28, 2025

Debt Disclosure [Abstract]

Schedule of Debt

Our total debt outstanding consisted of the following:

			2025																								2024
															Net Carrying Amount																		Net Carrying Amount
			Stated Rate			Effective Rate			Principal						Long-term						Total						Principal						Current						Long-term						Total
2031 Notes			0.75%			1.19%			$	450.0					$	450.0					$	450.0					$	—					$	—					$	—					$	—
Senior Notes			4.00%			4.17%			400.0						400.0						400.0						400.0						—						400.0						400.0
Term Loan Facility			6.99% - 7.85%			7.83% - 8.14%			—						—						—						600.0						6.0						577.5						583.5
Total borrowings									850.0						850.0						850.0						1,000.0						6.0						977.5						983.5
Less: unamortized debt issuance costs									—						(15.2)						(15.2)						—						—						(10.6)						(10.6)
Total debt									$	850.0					$	834.8					$	834.8					$	1,000.0					$	6.0					$	966.9					$	972.9

Schedule of Contractual Interest Expense and Amortization of Debt Issuance Costs

Contractual interest expense and amortization of debt issuance costs on the Senior Notes was as follows:

						2025						2024						2023
Interest expense						$	16.0					$	16.0					$	16.0
Amortization of debt issuance costs						0.7						0.7						0.6
Total interest expense						$	16.7					$	16.7					$	16.6

Contractual interest expense and amortization of debt issuance costs for our Term Loan Facility was as follows:

						2025						2024						2023
Interest expense						$	18.7					$	46.1					$	36.2
Amortization of debt issuance costs						0.4						1.7						1.7
Total interest expense						$	19.1					$	47.8					$	37.9

Schedule of Principal Maturities of 2031 Notes Senior Notes and Term Loan

As of the end of fiscal 2025, principal maturities of our Senior Notes and 2031 Notes were as follows:

			Senior Notes						2031 Notes						Total
2026 - 2028			$	—					$	—					$	—
2029			400.0						—						400.0
2030 and thereafter			—						450.0						450.0
			$	400.0					$	450.0					$	850.0

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities.

+ References

No definition available.

+ Details

Name:	us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration