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Long-term Debt
3 Months Ended
Sep. 27, 2015
Long-term Debt, Unclassified [Abstract]  
Long-term Debt
Long-term Debt
As of September 27, 2015, the Company had a $500 million secured revolving line of credit under which the Company can borrow, repay and reborrow loans from time to time prior to its scheduled maturity date of January 9, 2020.
The Company classifies balances outstanding under its line of credit as long-term debt in the consolidated balance sheets. At September 27, 2015, the Company had $207 million outstanding under the line of credit and $293 million available for borrowing. For the three months ended September 27, 2015, the average interest rate was 0.99%. The average commitment fee percentage was 0.09% for the three months ended September 27, 2015. The Company was in compliance with all covenants in the line of credit at September 27, 2015.