Debt (Tables)

9 Months Ended

Apr. 02, 2022

Debt Disclosure [Abstract]

Schedule of Carrying Amounts of the Liability and Equity Components of Convertible Debt

The following table presents the carrying amounts of the Company’s debt (in millions):

	April 2, 2022		July 3, 2021
Principal amount of 1.00% Senior Convertible Notes due 2024, short-term	$	—	$	460.0
Unamortized Senior Convertible Notes debt issuance cost, short-term	—		(3.4)
Short-term debt	$	—	$	456.6
Principal amount of 3.75% Senior Notes, long-term	$	400.0	$	—
Unamortized 3.75% Senior Notes debt issuance cost	(6.6)		—
Principal amount of 1.75% Senior Convertible Notes, long-term	87.4		225.0
Principal amount of 1.00% Senior Convertible Notes, long-term	227.0		—
Unamortized Senior Convertible Notes debt issuance cost	(1.4)		(0.9)
Long-term debt	$	706.4	$	224.1

Summary of Effective Interest Rate and the Interest Expense for the Contractual Interest and the Accretion of Debt Discount

The following table presents the interest expense for contractual interest and amortization of debt issuance costs (in millions):

	Three Months Ended				Nine Months Ended
	April 2, 2022		April 3, 2021		April 2, 2022		April 3, 2021
Interest expense-contractual interest	$	5.0	$	2.4	$	12.6	$	7.1
Amortization of debt issuance cost	0.6		0.5		2.2		1.5
Other	0.8		0.7		2.3		2.2
Total interest expense	$	6.4	$	3.6	$	17.1	$	10.8