v3.26.1
DEBT (Tables)
9 Months Ended
Mar. 28, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the components of the Company’s outstanding debt:
March 28,
2026
June 28,
2025
(millions)
Current Debt:
China Credit Facility(1)
$ $16.7 
Total Current Debt$ $16.7 
Long-Term Debt:
4.125% Senior Notes due 2027
$396.6 $396.6 
5.100% Senior Notes due 2030
750.0 750.0 
3.050% Senior Notes due 2032
500.0 500.0 
5.500% Senior Notes due 2035
750.0 750.0 
Total long-term debt$2,396.6 $2,396.6 
Less: Unamortized discount and debt issuance costs on senior notes(16.6)(18.7)
Less: Fair value basis adjustment(2)
(2.9)— 
Total long-term debt, net$2,377.1 $2,377.9 
(1)The amount outstanding under the China Credit Facility includes the impact of changes in the exchange rate of the United States Dollar against the Renminbi.
(2)Basis adjustment relates to the fair value hedge on a portion of the 5.500% Senior Notes due 2035. Refer to Note 8, "Derivative Instruments and Hedging Activities," for further information.
Schedule of Estimated Fair Values of Debt Instruments
The following table shows the estimated fair values of the senior unsecured notes at March 28, 2026 and June 28, 2025 based on external pricing data, including available quoted market prices of the instruments, and consideration of comparable debt instruments with similar interest rates and trading frequency, among other factors, and are classified as Level 2 measurements within the fair value hierarchy:
March 28,
2026
June 28,
2025
(millions)
4.125% Senior Notes due 2027
$394.2 $393.0 
5.100% Senior Notes due 2030
753.9 756.8 
3.050% Senior Notes due 2032
449.3 443.2 
5.500% Senior Notes due 2035
744.8 748.2