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Long-term Debt (Tables)

9 Months Ended

Mar. 28, 2021

Debt Disclosure [Abstract]

Schedule of Liability and Equity Components of Long-term Debt

The net carrying amount of the liability component of the Notes is as follows:

(in millions of U.S. Dollars)			March 28, 2021						June 28, 2020
Principal			$999.8						$999.8
Unamortized discount and issuance costs			(186.1)						(216.0)
Net carrying amount			$813.7						$783.8

The net carrying amount of the equity component of the Notes is as follows:

(in millions of U.S. Dollars)			March 28, 2021						June 28, 2020
Discount related to value of conversion option			$262.3						$262.3
Partial extinguishment of 2023 Notes			(27.7)						(27.7)
Debt issuance costs			(6.3)						(6.3)
Net carrying amount			$228.3						$228.3

Schedule of Interest Expense

The interest expense, net recognized related to the Notes is as follows:

			Three months ended												Nine months ended
(in millions of U.S. Dollars)			March 28, 2021						March 29, 2020						March 28, 2021						March 29, 2020
Interest expense, net of capitalized interest			$2.5						$1.3						$8.5						$3.8
Amortization of discount and issuance costs, net of capitalized interest			8.0						5.8						26.1						17.2
Total interest expense, net			$10.5						$7.1						$34.6						$21.0

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

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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