Debt (Tables)

12 Months Ended

Jul. 02, 2022

Debt Disclosure [Abstract]

Schedule of Carrying Amount of Debt

As of July 2, 2022 and July 3, 2021, the Company’s debt on the Consolidated Balance Sheets was as follows, including the carrying amounts of the Senior Convertible and Senior Notes, net of unamortized issuance costs (in millions):

	July 2, 2022		July 3, 2021
Principal amount of 1.00% Senior Convertible Notes	$	—	$	460.0
Principal amount of 1.75% Senior Convertible Notes	68.1		—
Unamortized Senior Convertible Notes debt issuance cost	(0.1)		(3.4)
Other short-term debt	0.4		—
Short-term debt	$	68.4	$	456.6
Principal amount of 3.75% Senior Notes	$	400.0	$	—
Unamortized 3.75% Senior Notes debt issuance cost	(6.4)		—
Principal amount of 1.75% Senior Convertible Notes	—		225.0
Principal amount of 1.00% Senior Convertible Notes	223.9		—
Unamortized Senior Convertible Notes debt issuance cost	(1.0)		(0.9)
Long-term debt	$	616.5	$	224.1

Schedule of Convertible Note Interest

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

	Years Ended
	July 2, 2022		July 3, 2021		June 27, 2020
Interest expense-contractual interest	$	16.5	$	8.5	$	8.5
Amortization of debt issuance cost	2.8		2.3		1.8
Other	4.0		3.9		3.1
Total Interest Expense	$	23.3	$	14.7	$	13.4