XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.25.2

Debt (Tables) | 12 Months Ended
--- | ---
Jun. 29, 2025
Debt Disclosure [Abstract] |
Schedule of Debt Outstanding and Liability Components |
|  | June 29, 2025(1) |  | June 30, 2024(2)
(in millions of U.S. Dollars) | Effective Interest Rate | Principal |  | Unamortized Discount |  | Net |  | Principal |  | Unamortized Discount |  | Net
1.75% Convertible Notes | 2.2% | $ | 575.0 |  |  | $ | (2.0) |  |  | $ | 573.0 |  |  | $ | 575.0 |  |  | $ | (4.3) |  |  | $ | 570.7 |
0.25% Convertible Notes | 0.6% | 750.0 |  |  | (7.9) |  |  | 742.1 |  |  | 750.0 |  |  | (10.9) |  |  | 739.1 |
1.875% Convertible Notes | 2.1% | 1,750.0 |  |  | (20.7) |  |  | 1,729.3 |  |  | 1,750.0 |  |  | ($24.9) |  |  | 1,725.1 |
Senior Secured Notes | 16.3% | 1,521.2 |  |  | (52.3) |  |  | 1,468.9 |  |  | 1,250.0 |  |  | ($80.3) |  |  | 1,169.7 |
CRD Agreement Deposits | 6.8% | 2,062.0 |  |  | (37.3) |  |  | 2,024.7 |  |  | 2,000.0 |  |  | ($43.5) |  |  | 1,956.5 |
|  | $6,658.2 |  |  | ($120.2) |  |  | $6,538.0 |  |  | $6,325.0 |  |  | ($163.9) |  |  | $6,161.1 |
(1): Presented in "Current maturity on long-term borrowings" in the consolidated balance sheets.
(2): Presented in "Long-term debt" and "Convertible notes, net" in the consolidated balance sheets.
Schedule of Interest Expense | The interest expense, net recognized is as follows:
| Fiscal Years Ended
(in millions of U.S. Dollars) | June 29, 2025 |  | June 30, 2024 |  | June 25, 2023
Interest expense, net of capitalized interest | $263.3 |  |  | $214.7 |  |  | $32.3 |
Amortization of discount and issuance costs, net of capitalized interest | 48.8 |  |  | 28.4 |  |  | 7.5 |
Total interest expense, net | $312.1 |  |  | $243.1 |  |  | $39.8 |
The Company capitalizes interest in connection with ongoing capacity expansions.
| Fiscal Years Ended
(in millions of U.S. Dollars) | June 29, 2025 |  | June 30, 2024 |  | June 25, 2023
Interest expense capitalized | $72.4 |  |  | $28.3 |  |  | $0.8 |
Amortization of discount and debt issuance costs capitalized | 13.5 |  |  | 3.6 |  |  | 0.2 |
Total interest expense capitalized | $85.9 |  |  | $31.9 |  |  | $1.0 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities. + References No definition available. + Details
Name: | us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration