XML 50 R38.htm IDEA: XBRL DOCUMENT v3.25.1
Debt (Tables)
 9 Months Ended
Mar. 29, 2025
Debt Disclosure [Abstract]  
Schedule of Carrying Amounts of the Liability and Equity Components of Convertible Debt
As of March 29, 2025 and June 29, 2024, the Company’s debt on the Consolidated Balance Sheets represented the carrying amount of the Senior Convertible and Senior Notes, net of unamortized debt discount and issuance costs, as follows (in millions):
March 29, 2025June 29, 2024
Principal amount of 1.625% Senior Convertible Notes
$250.0 $— 
Unamortized 1.625% Senior Convertible Notes debt discount
(4.5)— 
Unamortized 1.625% Senior Convertible Notes debt issuance cost
(0.7)— 
Short-term debt$244.8 $— 
Principal amount of 3.75% Senior Notes
$400.0 $400.0 
Unamortized 3.75% Senior Notes debt issuance cost
(3.9)(4.6)
Principal amount of 1.625% Senior Convertible Notes
— 250.0 
Unamortized 1.625% Senior Convertible Notes debt discount
— (8.1)
Unamortized 1.625% Senior Convertible Notes debt issuance cost
— (1.3)
Long-term debt$396.1 $636.0 
Summary of Effective Interest Rate and the Interest Expense for the Contractual Interest and the Accretion of Debt Discount
The following table presents the interest expense for contractual interest, amortization of debt issuance cost, accretion of debt discount and other (in millions):
Three Months EndedNine Months Ended
March 29, 2025March 30, 2024March 29, 2025March 30, 2024
Interest expense-contractual interest$4.8 $4.9 $14.3 $14.9 
Amortization of debt issuance cost0.6 0.7 1.8 2.0 
Accretion of debt discount1.2 1.2 3.6 3.6 
Other0.9 0.9 2.8 2.9 
  Total interest expense$7.5 $7.7 $22.5 $23.4