Debts and Letters of Credit (Tables)

9 Months Ended

Mar. 28, 2015

Debts and Letters of Credit

Schedule of details of the Company's debt

As of March 28, 2015 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):

	March 28, 2015			June 28, 2014
Principal amount of 0.625% Senior Convertible Notes	$	650.0		$	650.0
Unamortized discount of liability component	(94.8		)	(113.7		)
Carrying amount of liability component	$	555.2		$	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						Nine Months Ended
	March 28, 2015			March 29, 2014			March 28, 2015			March 29, 2014
Effective interest rate	5.4		%	5.4		%	5.4		%	5.4		%
Interest expense-contractual interest	$	1.0		$	1.0		$	3.0		$	2.4
Accretion of debt discount	6.3			6.0			18.8			14.6