Description of Business and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Dec. 27, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Convertible Notes

The carrying amounts and estimated fair values of the convertible notes are as follows for the periods presented (in millions):

	December 27, 2025				June 28, 2025
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
2032 Notes	$	1,255.3	$	2,840.8	$	—	$	—
2029 Notes	600.6		3,400.1		600.2		925.5
2028 Notes	858.3		2,584.6		857.7		890.2
2026 Notes	468.3		1,844.6		1,048.3		1,233.3
	$	3,182.5	$	10,670.1	$	2,506.2	$	3,049.0

The table below summarizes the applicable conversion price and the equivalent 130% of the conversion price of each series of Notes (per share amount):

	Conversion Price		130% of Conversion Price
2032 Notes	$	187.77	$	244.10
2029 Notes	69.54		90.40
2028 Notes	131.03		170.34
2026 Notes	99.29		129.08

Our convertible notes consisted of the following components as of the periods presented (in millions):

December 27, 2025	2026 Notes		2028 Notes		2029 Notes		2032 Notes		Total
Principal	$	468.8	$	861.0	$	603.7	$	1,265.0	$	3,198.5
Unamortized debt issuance costs	(0.5)		(2.7)		(3.1)		(9.7)		(16.0)
Net carrying amount of the liability component	$	468.3	$	858.3	$	600.6	$	1,255.3	$	3,182.5

June 28, 2025	2026 Notes		2028 Notes		2029 Notes		Total
Principal	$	1,050.0	$	861.0	$	603.7	$	2,514.7
Unamortized debt issuance costs	(1.7)		(3.3)		(3.5)		(8.5)
Net carrying amount of the liability component	$	1,048.3	$	857.7	$	600.2	$	2,506.2