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.