Debt

3 Months Ended

Oct. 04, 2019

Debt Disclosure [Abstract]

Debt

Debt

Debt consisted of the following as of October 4, 2019 and June 28, 2019:

	October 4, 2019			June 28, 2019
	(in millions)
0.50% convertible senior notes due 2020	$	35		$	35
Revolving credit facility maturing 2023	—			—
Variable interest rate Term Loan A-1 maturing 2023	4,771			4,834
Variable interest rate U.S. Term Loan B-4 maturing 2023	2,168			2,425
1.50% convertible notes due 2024	1,100			1,100
4.750% senior unsecured notes due 2026	2,300			2,300
Total debt	10,374			10,694
Issuance costs and debt discounts	(162		)	(172		)
Subtotal	10,212			10,522
Less current portion of long-term debt	(251		)	(276		)
Long-term debt	$	9,961		$	10,246

The credit agreement governing the revolving credit facility and Term Loan A-1 requires the Company to comply with certain financial covenants, consisting of a leverage ratio and an interest coverage ratio. As of October 4, 2019, the Company was in compliance with these financial covenants.

During the three months ended October 4, 2019, the Company made a voluntary prepayment of $250 million on its U.S. Term Loan B-4, which was applied toward the remaining scheduled amortization and the remainder towards the principal due at maturity. As of October 4, 2019, there are no longer any scheduled amortization payments due under the U.S. Term Loan B-4 prior to its maturity on April 29, 2023.