Debt (Tables)

9 Months Ended

Mar. 28, 2026

Debt

Short-term debt

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

	March 28,		June 28,		March 28,		June 28,
	2026		2025		2026		2025
	Interest Rate				Carrying Balance
Accounts receivable securitization program (due December 2026)	4.52	%	—		$	273,500		—
Term loan - current portion	4.03	%	—			90,365		—
Other short-term debt	4.53	%	5.17	%		106,225		87,284
Short-term debt					$	470,090	$	87,284

Long-term debt

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

	March 28,		June 28,		March 28,		June 28,
	2026		2025		2026		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	4.13	%	—			174,964		—
Other long-term debt	4.74	%	4.74	%		19,462		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						2,494,426		2,583,561
Discount and debt issuance costs – unamortized						(21,613)		(8,832)
Long-term debt					$	2,472,813	$	2,574,729

⁽¹⁾As of March 28, 2026, 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.