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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 Notes16.3%1,521.2 (52.3)1,468.9 1,250.0 ($80.3)1,169.7 
CRD Agreement Deposits6.8%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, 2025June 30, 2024June 25, 2023
Interest expense, net of capitalized interest$263.3 $214.7 $32.3 
Amortization of discount and issuance costs, net of capitalized interest48.8 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, 2025June 30, 2024June 25, 2023
Interest expense capitalized$72.4 $28.3 $0.8 
Amortization of discount and debt issuance costs capitalized13.5 3.6 0.2 
Total interest expense capitalized$85.9 $31.9 $1.0