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Debt (Tables) | 3 Months Ended
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Sep. 27, 2024
Debt Disclosure [Abstract] |
Schedule of Debt | The following table provides details of the Company’s debt as of September 27, 2024 and June 28, 2024:
(Dollars in millions) |  | September 27, 2024 |  | June 28, 2024
Unsecured Senior Notes(1) |  |  |  |
$1,000 issued on May 28, 2014 at 4.75% due January 1, 2025 (the “2025 Notes”), interest payable semi-annually on January 1 and July 1 of each year. |  | 479 |  |  | 479 |
$700 issued on May 14, 2015 at 4.875% due June 1, 2027 (the “2027 Notes”), interest payable semi-annually on June 1 and December 1 of each year. |  | 505 |  |  | 505 |
$500 issued on June 18, 2020 at 4.091% due June 1, 2029 (the “June 2029 Notes”), interest payable semi-annually on June 1 and December 1 of each year. |  | 472 |  |  | 471 |
$500 issued on December 8, 2020 at 3.125% due July 15, 2029 (the “July 2029 Notes”), interest payable semi-annually on January 15 and July 15 of each year. |  | 163 |  |  | 163 |
$500 issued on May 30, 2023 at 8.25% due December 15, 2029 (the “December 2029 Notes”), interest payable semi-annually on June 15 and December 15 of each year. |  | 500 |  |  | 500 |
$500 issued on June 10, 2020 at 4.125% due January 15, 2031 (the “January 2031 Notes”), interest payable semi-annually on January 15 and July 15 of each year. |  | 275 |  |  | 275 |
$500 issued on December 8, 2020 at 3.375% due July 15, 2031 (the “July 2031 Notes”), interest payable semi-annually on January 15 and July 15 of each year. |  | 72 |  |  | 72 |
$500 issued on May 30, 2023 at 8.50% due July 15, 2031 (the “8.50% July 2031 Notes”), interest payable semi-annually on January 15 and July 15 of each year. |  | 500 |  |  | 500 |
$750 issued on November 30, 2022 at 9.625% due December 1, 2032 (the “2032 Notes”), interest payable semi-annually on June 1 and December 1 of each year. |  | 750 |  |  | 750 |
$500 issued on December 2, 2014 at 5.75% due December 1, 2034 (the “2034 Notes”), interest payable semi-annually on June 1 and December 1 of each year. |  | 489 |  |  | 489 |
Exchangeable Senior Notes(1) |  |  |  |
$1,500 issued on September 13, 2023 at 3.50% due June 1, 2028 (the “2028 Notes”), interest payable semi-annually on March 1 and September 1 of each year. |  | 1,500 |  |  | 1,500 |
|  | 5,705 |  |  | 5,704 |
Less: unamortized debt issuance costs |  | (29) |  |  | (30) |
Debt, net of debt issuance costs |  | 5,676 |  |  | 5,674 |
Less: current portion of long-term debt |  | (479) |  |  | (479) |
Long-term debt, less current portion |  | $ | 5,197 |  |  | $ | 5,195 |
___________________________________ (1) All unsecured senior notes and exchangeable senior notes are issued by Seagate HDD Cayman (“Seagate HDD”), and the obligations under these notes are fully and unconditionally guaranteed, on a senior unsecured basis, by Seagate Technology Unlimited Company (“STUC”) and Seagate Technology Holdings plc.
Future principal payments on long-term debt | At September 27, 2024, future principal payments on long-term debt were as follows (in millions):
Fiscal Year |  | Amount
Remainder of 2025 |  | $ | 479 |
2026 |  | — |
2027 |  | 505 |
2028 |  | 1,500 |
2029 |  | 495 |
Thereafter |  | 2,750 |
Total |  | $ | 5,729 |

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