Debt (Tables)

6 Months Ended

Dec. 27, 2025

Debt

Short-term debt

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

	December 27,		June 28,		December 27,		June 28,
	2025		2025		2025		2025
	Interest Rate				Carrying Balance
Accounts receivable securitization program (due December 2026)	4.57	%	—		$	288,700		—
Term loan - current portion	4.20	%	—			91,237		—
Other short-term debt	4.58	%	5.17	%		83,661		87,284
Short-term debt					$	463,598	$	87,284

Long-term debt

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

	December 27,		June 28,		December 27,		June 28,
	2025		2025		2025		2025
	Interest Rate				Carrying Balance
Accounts receivable securitization program (due December 2026)	—		5.18	%	$	—	$	500,000
Credit Facility (due January 2030)	—		5.46	%		—		411,586
Term loan - noncurrent portion	4.31	%	—			176,583		—
Other long-term debt	4.74	%	4.74	%		20,618		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						2,497,201		2,583,561
Discount and debt issuance costs – unamortized						(23,101)		(8,832)
Long-term debt					$	2,474,100	$	2,574,729