| Schedule of Debt |
The following table provides details of the Company’s debt as of July 3, 2026 and June 27, 2025: | | | | | | | | | | | | | | | | (Dollars in millions) | | July 3,
2026 | | June 27,
2025 | Unsecured Senior Notes issued by Seagate HDD Cayman (1) | | | | | $500 issued on June 18, 2020 at 4.091% due June 1, 2029 (the “Old June 2029 Notes”) (3) | | $ | 38 | | | $ | 452 | | $500 issued on December 8, 2020 at 3.125% due July 15, 2029 (the “Old July 2029 Notes”) (4) | | 38 | | | 138 | | $500 issued on May 30, 2023 at 8.25% due December 15, 2029 (the “Old December 2029 Notes”) (5) | | 8 | | | 500 | | $500 issued on June 10, 2020 at 4.125% due January 15, 2031 (the “Old January 2031 Notes”) (4) | | 22 | | | 237 | | $500 issued on December 8, 2020 at 3.375% due July 15, 2031 (the “Old July 2031 Notes”) (4) | | 16 | | | 61 | | $500 issued on May 30, 2023 at 8.50% due July 15, 2031 (the “Old 8.50% July 2031 Notes”) (4) | | 29 | | | 500 | | $750 issued on November 30, 2022 at 9.625% due December 1, 2032 (the “Old 2032 Notes”) (3) | | 19 | | | 750 | | $500 issued on December 2, 2014 at 5.75% due December 1, 2034 (the “Old 2034 Notes”) (3) | | 162 | | | 489 | | Unsecured Senior Notes issued by Seagate Data Storage Technology Pte. Ltd. (2) | | | | | $400 issued on May 27, 2025 at 5.875% due July 15, 2030 (the “2030 Notes”) (4) | | 400 | | | 400 | | $431 issued on June 30, 2025 at 4.091% due June 1, 2029 (the “New June 2029 Notes”) (3) | | 332 | | | — | | $100 issued on June 30, 2025 at 3.125% due July 15, 2029 (the “New July 2029 Notes”) (4) | | 98 | | | — | | $492 issued on June 30, 2025 at 8.25% due December 15, 2029 (the “New December 2029 Notes”) (5) | | 492 | | | — | | $213 issued on June 30, 2025 at 4.125% due January 15, 2031 (the “New January 2031 Notes”) (4) | | 177 | | | — | | $45 issued on June 30, 2025 at 3.375% due July 15, 2031 (the “New July 2031 Notes”) (4) | | 45 | | | — | | $471 issued on June 30, 2025 at 8.50% due July 15, 2031 (the “New 8.50% July 2031 Notes”) (4) | | 471 | | | — | | $731 issued on June 30, 2025 at 9.625% due December 1, 2032 (the “New 2032 Notes”) (3) | | 731 | | | — | | $328 issued on June 30, 2025 at 5.75% due December 1, 2034 (the “New 2034 Notes”) (3) | | 327 | | | — | | Exchangeable Senior Notes(1) | | | | | $1,500 issued on September 13, 2023 at 3.50% due June 1, 2028 (the “2028 Notes”) (6) | | 186 | | | 1,500 | | | | | | | | | 3,591 | | | 5,027 | | | Less: unamortized debt issuance costs | | (26) | | | (32) | | | Debt, net of debt issuance costs | | 3,565 | | | 4,995 | | | Less: current portion of long-term debt, net of debt issuance costs | | (185) | | | — | | | Long-term debt, less current portion | | $ | 3,380 | | | $ | 4,995 | | | | | | | | | | | | | | | | | | | | | |
___________________________________(1) Notes are issued by Seagate HDD Cayman (“Seagate HDD”), and the obligations under these notes were fully and unconditionally guaranteed, on a senior unsecured basis, by Seagate Technology Unlimited Company (“STUC”) and Seagate Technology Holdings plc (“STH PLC”). Supplemental indentures for each series of Old Notes (as defined below) became operative on June 30, 2025 and gave effect to certain amendments which, among other things, released STUC and STH PLC from their respective guarantee obligations with respect to each series of Old Notes. (2) Notes are issued by Seagate Data Storage Technology Pte. Ltd. (“SDST”), and the obligations under these notes are fully and unconditionally guaranteed, on a senior unsecured basis, by STUC, Seagate HDD and STH PLC. (3) Interest payable semi-annually on June 1 and December 1 of each year. (4) Interest payable semi-annually on January 15 and July 15 of each year. (5) Interest payable semi-annually on June 15 and December 15 of each year. (6) Interest payable semi-annually on March 1 and September 1 of each year.
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