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Long-term Debt
 3 Months Ended
Sep. 29, 2024
Debt Disclosure [Abstract]  
Long-term Debt Long-term Debt
September 29, 2024June 30, 2024
(in millions of U.S. Dollars)
Effective Interest Rate
Principal
Unamortized Discount
Net
Principal
Unamortized Discount
Net
1.75% Convertible Notes(1)
2.2 %$575.0 ($3.7)$571.3 $575.0 ($4.3)$570.7 
0.25% Convertible Notes(1)
0.6 %750.0 (10.1)739.9 750.0 (10.9)739.1 
1.875% Convertible Notes(1)
2.1 %1,750.0 (23.9)1,726.1 1,750.0 (24.9)1,725.1 
2030 Senior Notes(2)
12.4 %1,250.0 (74.8)1,175.2 1,250.0 (80.3)1,169.7 
CRD Agreement Deposits(2)
6.3 %2,000.0 (42.6)1,957.4 2,000.0 (43.5)1,956.5 
$6,325.0 ($155.1)$6,169.9 $6,325.0 ($163.9)$6,161.1 
(1) Presented in convertible notes
(2) Presented in long-term debt
As of September 29, 2024, the Company was in compliance with all covenants relating to the senior secured notes due 2030 (the 2030 Senior Notes) and the Unsecured Customer Refundable Deposit Agreement entered into in July 2023 with a customer (the CRD Agreement).
Interest Expense
The interest expense, net recognized related to the corporate debt holdings and the deposits under the CRD Agreement is as follows:
Three months ended
(in millions of U.S. Dollars)September 29, 2024September 24, 2023
Interest expense, net of capitalized interest$56.8 $53.7 
Amortization of discount and debt issuance costs, net of capitalized interest6.7 7.2 
Total interest expense, net$63.5 $60.9 

The Company capitalizes interest in connection with ongoing capacity expansions.
Three months ended
(in millions of U.S. Dollars)September 29, 2024September 24, 2023
Interest expense capitalized
$15.9 $2.3 
Amortization of discount and debt issuance costs capitalized
2.0 0.3 
Total interest expense capitalized
$17.9 $2.6