Debts and Letters of Credit (Tables)

3 Months Ended

Sep. 27, 2014

Debts and Letters of Credit

Schedule of details of the Company's debt

As of September 27, 2014 and June 28, 2014 the Company’s Long-term debt on the Consolidated Balance Sheets represented the carrying amount of the liability component of the 0.625% Senior Convertible Notes as discussed below. The following table presents the details of the Company’s debt (in millions):

		September 27,		June 28,
		2014		2014
Principal amount of 0.625% Senior Convertible Notes		$	650.0	$	650.0
Unamortized discount of liability component			(107.5)		(113.7)
Carrying amount of liability component		$	542.5	$	536.3
Carrying amount of equity component (1)		$	134.4	$	134.4
(1)	Included in Additional paid-in-capital on the Consolidated Balance Sheets.

Summary of effective interest rate and interest expense for the contractual interest and the accretion of debt discount

The following table presents the effective interest rate and the interest expense for the contractual interest and the accretion of debt discount (in millions, except for the effective interest rate):

	Three Months Ended
	September 27,			September 28,
	2014			2013
Effective interest rate		5.4	%		5.4	%
Interest expense-contractual interest	$	1.0		$	0.4
Accretion of debt discount		6.2			2.6