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Long-term Debt (Tables)
 3 Months Ended
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 Notes16.3 %— — — 1,521.2 (52.3)1,468.9 
CRD Agreement Deposits6.8 %— — — 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, 2025September 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, 2025September 29, 2024
Interest expense capitalized
$— $15.9 
Amortization of discount and debt issuance costs capitalized
— 2.0 
Total interest expense capitalized
$— $17.9