Debt (Tables)

6 Months Ended

Dec. 31, 2022

Schedule of Debt

Debt consisted of the following:

(In millions)	As of December 31, 2022			As of July 2, 2022
Credit Agreement	$	1,376.3		$	1,608.4
6.875% Notes due 2025		275.0			275.0
5.500% Notes due 2027		1,060.0			1,060.0
4.250% Notes due 2029		1,000.0			1,000.0
Less: Original issue discount and deferred financing costs		(31.8	)		(34.6	)
Long-term debt		3,679.5			3,908.8
Less: current installments		-			-
Total debt, excluding current installments	$	3,679.5		$	3,908.8

Credit Agreement [Member]

Summary of Outstanding Borrowings, Availability, and Average Interest Rate under ABL Facility

The following table summarizes outstanding borrowings, availability, and the average interest rate under the Company's ABL Facility:

(Dollars in millions)	As of December 31, 2022			As of July 2, 2022
Aggregate borrowings	$	1,376.3		$	1,608.4
Letters of credit		179.2			190.5
Excess availability, net of lenders’ reserves of $90.0 and $104.4		2,444.5			2,201.1
Average interest rate, excluding impact of interest rate swaps		5.78	%		2.89	%