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Long-term Debt (Tables) | 3 Months Ended
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Sep. 28, 2025
Debt Disclosure [Abstract] |
Schedule of Long-term Debt |
|  | September 28, 2025(1) |  | June 29, 2025(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 |
0.25% Convertible Notes | 0.6 | % | — |  |  | — |  |  | — |  |  | 750.0 |  |  | (7.9) |  |  | 742.1 |
1.875% Convertible Notes | 2.1 | % | — |  |  | — |  |  | — |  |  | 1,750.0 |  |  | (20.7) |  |  | 1,729.3 |
2030 Senior Notes | 16.3 | % | — |  |  | — |  |  | — |  |  | 1,521.2 |  |  | (52.3) |  |  | 1,468.9 |
CRD Agreement Deposits | 6.8 | % | — |  |  | — |  |  | — |  |  | 2,062.0 |  |  | (37.3) |  |  | 2,024.7 |
|  | $— |  |  | $— |  |  | $— |  |  | $6,658.2 |  |  | ($120.2) |  |  | $6,538.0 |
(1) As of September 28, 2025, amounts previously presented in Current maturity on long-term borrowings were reclassified to liabilities subject to compromise, as further described in the Recent Events section below. (2) Presented in Current maturity on long-term borrowings.
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
(in millions of U.S. Dollars) |  |  |  |  | September 28, 2025 |  | September 29, 2024
Interest expense, net of capitalized interest(1) |  |  |  |  | $— |  |  | $56.8 |
Amortization of discount and debt issuance costs, net of capitalized interest |  |  |  |  | — |  |  | 6.7 |
Total interest expense, net |  |  |  |  | $— |  |  | $63.5 |
(1): Excludes contractual interest of $99.7 million for the quarter ended September 28, 2025.
The Company capitalizes interest in connection with ongoing capacity expansions.
|  |  | Three months ended
(in millions of U.S. Dollars) |  |  |  |  | September 28, 2025 |  | September 29, 2024
Interest expense capitalized |  |  |  |  | $— |  |  | $15.9 |
Amortization of discount and debt issuance costs capitalized |  |  |  |  | — |  |  | 2.0 |
Total interest expense capitalized |  |  |  |  | $— |  |  | $17.9 |

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