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Long-term Debt (Tables) | 6 Months Ended
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Dec. 29, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt |
|  | December 29, 2024 |  | June 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 |  |  | ($3.2) |  |  | $571.8 |  |  | $575.0 |  |  | ($4.3) |  |  | $570.7 |
0.25% Convertible Notes(1) | 0.6 | % | 750.0 |  |  | (9.4) |  |  | 740.6 |  |  | 750.0 |  |  | (10.9) |  |  | 739.1 |
1.875% Convertible Notes(1) | 2.1 | % | 1,750.0 |  |  | (22.8) |  |  | 1,727.2 |  |  | 1,750.0 |  |  | (24.9) |  |  | 1,725.1 |
2030 Senior Notes(2) | 16.3 | % | 1,505.9 |  |  | (80.0) |  |  | 1,425.9 |  |  | 1,250.0 |  |  | (80.3) |  |  | 1,169.7 |
CRD Agreement Deposits(2) | 6.8 | % | 2,000.0 |  |  | (41.7) |  |  | 1,958.3 |  |  | 2,000.0 |  |  | (43.5) |  |  | 1,956.5 |
|  | $6,580.9 |  |  | ($157.1) |  |  | $6,423.8 |  |  | $6,325.0 |  |  | ($163.9) |  |  | $6,161.1 |
(1) Presented in convertible notes (2) Presented in long-term debt
Schedule of 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 |  | Six months ended
(in millions of U.S. Dollars) | December 29, 2024 |  | December 31, 2023 |  | December 29, 2024 |  | December 31, 2023
Interest expense, net of capitalized interest | $66.6 |  |  | $56.0 |  |  | $123.4 |  |  | $109.7 |
Amortization of discount and debt issuance costs, net of capitalized interest | 13.3 |  |  | 7.4 |  |  | 20.0 |  |  | 14.6 |
Total interest expense, net | $79.9 |  |  | $63.4 |  |  | $143.4 |  |  | $124.3 |
The Company capitalizes interest in connection with ongoing capacity expansions.
| Three months ended |  | Six months ended
(in millions of U.S. Dollars) | December 29, 2024 |  | December 31, 2023 |  | December 29, 2024 |  | December 31, 2023
Interest expense capitalized | $17.4 |  |  | $5.2 |  |  | $33.3 |  |  | $7.5 |
Amortization of discount and debt issuance costs capitalized | 3.5 |  |  | 0.7 |  |  | 5.5 |  |  | 1.0 |
Total interest expense capitalized | $20.9 |  |  | $5.9 |  |  | $38.8 |  |  | $8.5 |

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