Debt (Tables)

12 Months Ended

Jul. 01, 2023

Debt

Short-term debt

Short-term debt consists of the following (in thousands):

	July 1,		July 2,		July 1,		July 2,
	2023		2022		2023		2022
	Interest Rate				Carrying Balance
Other short-term debt	5.08	%	2.09	%	$	70,636	$	174,422
Short-term debt					$	70,636	$	174,422

Long-term debt

Long-term debt consists of the following (in thousands):

	July 1,		July 2,		July 1,		July 2,
	2023		2022		2023		2022
	Interest Rate				Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program (due December 2024)	5.99	%	2.55	%	$	555,800	$	297,800
Credit Facility (due August 2027)	4.85	%	—			796,552		—
Public notes due:
April 2026	4.63	%	4.63	%		550,000		550,000
May 2031	3.00	%	3.00	%		300,000		300,000
June 2032	5.50	%	5.50	%		300,000		300,000
March 2028	6.25	%	—			500,000		—
Long-term debt before discount and debt issuance costs						3,002,352		1,447,800
Discount and debt issuance costs – unamortized						(14,323)		(10,400)
Long-term debt					$	2,988,029	$	1,437,400

Aggregate debt maturities

Aggregate debt maturities for the next five fiscal years and thereafter are as follows (in thousands):

2024	$	70,636
2025		555,800
2026		550,000
2027		—
2028		1,296,552
Thereafter		600,000
Subtotal		3,072,988
Discount and debt issuance costs – unamortized		(14,323)
Total debt	$	3,058,665