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Long-Term Debt (Tables) | 9 Months Ended
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May 27, 2023
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Long-term debt consists of the following:
(in millions) | May 27, 2023 |  | August 27, 2022
ABL Credit Facility | $ | — |  |  | $ | — |
Senior Secured Notes | 300.0 |  |  | 300.0 |
Convertible Notes | 300.0 |  |  | 300.0 |
Long-term debt, gross | 600.0 |  |  | 600.0 |
Convertible Notes unamortized interest discount(1) | — |  |  | (45.3) |
Debt issuance costs, net | (8.3) |  |  | (8.8) |
Long-term debt, net | $ | 591.7 |  |  | $ | 545.9 |
(1) In connection with the adoption of ASU 2020-06, the unamortized interest discount was derecognized in the first quarter of Fiscal 2023. Refer to Note 1 in the Notes to Consolidated Financial Statements in Item 1 of Part I of this Quarterly Report on Form 10-Q for additional information.
Schedule of Maturities of Long-term Debt | Aggregate contractual maturities of debt in future fiscal years are as follows:
(in millions) | Amount
Remainder of Fiscal 2023 | $ | — |
Fiscal 2024 | — |
Fiscal 2025 | 300.0 |
Fiscal 2026 | — |
Fiscal 2027 | — |
Fiscal 2028 | 300.0 |
Total Senior Secured Notes and Convertible Notes | $ | 600.0 |

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