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Long-term Debt (Tables)
3 Months Ended
Sep. 25, 2022
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)September 25, 2022June 26, 2022
Principal$1,325.0 $1,325.0 
Unamortized discount and issuance costs(24.2)(303.4)
Net carrying amount$1,300.8 $1,021.6 
The net carrying amount of the equity component of the Notes is as follows:
(in millions of U.S. Dollars)
September 25, 2022 (1)
June 26, 2022
Discount related to value of conversion option$— $341.1 
Debt issuance costs— (8.1)
Net carrying amount$— $333.0 
(1) As discussed above, the equity components of the Notes were eliminated upon adoption of ASU 2020-06 on June 27, 2022, the first day of fiscal 2023.
Schedule of Interest Expense
The interest expense, net recognized related to the Notes is as follows:
Three months ended
(in millions of U.S. Dollars)September 25, 2022September 26, 2021
Interest expense, net of capitalized interest$3.0 $1.1 
Amortization of discount and issuance costs, net of capitalized interest1.3 5.1 
Total interest expense, net$4.3 $6.2