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Long-term Debt (Tables)
9 Months Ended
Mar. 26, 2023
Debt Disclosure [Abstract]  
Schedule of Liability and Equity Components of Long-term Debt
The net carrying amount of the liability component of the Outstanding Notes is as follows:
(in millions of U.S. Dollars)March 26, 2023June 26, 2022
Principal$3,075.0 $1,325.0 
Unamortized discount and issuance costs(51.7)(303.4)
Net carrying amount$3,023.3 $1,021.6 
The net carrying amount of the equity component of the Outstanding Notes is as follows:
(in millions of U.S. Dollars)
March 26, 2023 (1)
June 26, 2022
Discount related to value of conversion option$— $341.1 
Debt issuance costs— (8.1)
Net carrying amount$— $333.0 
(1) As discussed above, the equity components of the 2026 Notes and 2028 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 Outstanding Notes is as follows:
Three months endedNine months ended
(in millions of U.S. Dollars)March 26, 2023March 27, 2022March 26, 2023March 27, 2022
Interest expense, net of capitalized interest$11.0 $0.2 $19.7 $2.1 
Amortization of discount and debt issuance costs, net of capitalized interest2.3 3.9 5.2 12.9 
Total interest expense, net$13.3 $4.1 $24.9 $15.0