Debt (Tables)

12 Months Ended

Jun. 29, 2024

Debt

Short-term debt

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

	June 29,		July 1,		June 29,		July 1,
	2024		2023		2024		2023
	Interest Rate				Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program (due December 2024)	6.19	%	—		$	415,100	$	—
Other short-term debt	5.43	%	5.08	%		77,611		70,636
Short-term debt					$	492,711	$	70,636

Long-term debt

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

	June 29,		July 1,		June 29,		July 1,
	2024		2023		2024		2023
	Interest Rate				Carrying Balance
Revolving credit facilities:
Accounts receivable securitization program	—		5.99	%	$	—	$	555,800
Credit Facility	5.05	%	4.85	%		745,480		796,552
Other long-term debt	4.74	%	—			22,748		—
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	%	6.25	%		500,000		500,000
Long-term debt before discount and debt issuance costs						2,418,228		3,002,352
Discount and debt issuance costs – unamortized						(11,599)		(14,323)
Long-term debt					$	2,406,629	$	2,988,029

Aggregate debt maturities

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

2025	$	492,711
2026		550,000
2027		—
2028		1,245,480
2029		—
Thereafter		622,748
Subtotal		2,910,939
Discount and debt issuance costs – unamortized		(11,599)
Total debt	$	2,899,340