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Debt (Tables)
3 Months Ended
Sep. 27, 2025
Debt  
Short-term debt

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

September 27,

June 28,

September 27,

June 28,

2025

   

2025

   

2025

   

2025

Interest Rate

Carrying Balance

 

Term loan - current portion

4.20

%

%

$

90,786

Other short-term debt

5.01

%

5.17

%

 

98,525

 

87,284

Short-term debt

$

189,311

$

87,284

Long-term debt

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

September 27,

June 28,

September 27,

June 28,

2025

    

2025

  

2025

  

2025

Interest Rate

Carrying Balance

 

Revolving credit facilities:

Accounts receivable securitization program (due December 2026)

5.01

%

5.18

%

$

200,600

$

500,000

Credit Facility (due January 2030)

5.08

%

5.46

%

122,682

411,586

Term loan - noncurrent portion

4.31

%

%

175,745

Other long-term debt

4.74

%

4.74

%

21,121

21,975

Public notes due:

April 2026 (1)

4.63

%

4.63

%

550,000

550,000

March 2028

6.25

%

6.25

%

 

500,000

 

500,000

September 2030 (Convertible Notes)

1.75

%

%

650,000

May 2031

3.00

%

3.00

%

300,000

300,000

June 2032

5.50

%

5.50

%

300,000

300,000

Long-term debt before discount and debt issuance costs

 

2,820,148

 

2,583,561

Discount and debt issuance costs – unamortized

 

(24,200)

 

(8,832)

Long-term debt

$

2,795,948

$

2,574,729

(1)As of September 27, 2025, the Company classified its $550 million of 4.63% Notes due April 2026 as long-term debt based on its ability and intent to refinance these notes on a long-term basis.