Debt

9 Months Ended

Apr. 03, 2020

Debt consisted of the following as of April 3, 2020 and June 28, 2019:


	April 3, 2020		June 28, 2019
	(in millions)
0.50% convertible senior notes due 2020	$	35	$	35


Variable interest rate Term Loan A-1 maturing 2023	4,645		4,834




Variable interest rate U.S. Term Loan B-4 maturing 2023	1,694		2,425




1.50% convertible notes due 2024	1,100		1,100

4.75% senior unsecured notes due 2026	2,300		2,300

Total debt	9,774		10,694
Issuance costs and debt discounts	(145)		(172)
Subtotal	9,629		10,522
Less current portion of long-term debt	(286)		(276)
Long-term debt	$	9,343	$	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 April 3, 2020, the Company was in compliance with these financial covenants.

During the nine months ended April 3, 2020, the Company made aggregate voluntary prepayments of $725 million on its U.S. Term Loan B-4, which were applied toward the remaining scheduled amortization and the remainder towards the principal due at maturity. As of April 3, 2020, 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.