XML 74 R35.htm IDEA: XBRL DOCUMENT v3.2.0.727
Indebtedness (Tables)
12 Months Ended
Jun. 27, 2015
Indebtedness [Abstract]  
Schedule of Debt

Debt

Total borrowings outstanding at June 27, 2015 and June 28, 2014 are summarized as follows (in millions):
 
 
 
 
 
June 27,
2015
 
June 28,
2014
Short term debt
 
 
$
6.4

 
$
2.1

Term loans
 
 
 
 
 
 
2013 Term loan due December 18, 2015

 
300.0

 
2013 Term loan due December 18, 2018

 
630.0

*
2014 Term loan due December 5, 2019
530.5

 

 
Total term loans
 
 
530.5

 
930.0

Public bonds
 
 
 
 
 
 
Coupon
Due
 
 
 
 
 
 
1.300%
November 8, 2016
(2) 
 
500.0

 
500.0

*
4.500%
May 23, 2017
(3) 
 
201.0

 

*
5.125%
December 12, 2017
(3) 
 
335.0

 

 
2.300%
November 8, 2018
(2) 
 
600.0

 
600.0

*
5.000%
May 23, 2019
(3) 
 
134.1

 

 
3.500%
December 15, 2021
(1) 
 
500.0

 

*
5.105%
July 19, 2023
(3) 
 
150.8

 

 
4.000%
November 15, 2023
(2) 
 
800.0

 
800.0

 
3.900%
December 15, 2024
(1) 
 
700.0

 

 
5.300%
November 15, 2043
(2) 
 
400.0

 
400.0

 
4.900%
December 15, 2044
(1) 
 
400.0

 

 
Total public bonds
 
 
4,720.9

 
2,300.0

Other financing
6.6

 
8.1

Unamortized premium (discount), net
87.5

 
(6.0
)
Deferred financing fees
(40.5
)
 
(27.4
)
Total borrowings outstanding
5,311.4

 
3,206.8

 
Less short-term debt and current portion of long-term debt
(64.6
)
 
(143.7
)
Total long-term debt less current portion
$
5,246.8

 
$
3,063.1


(1) 
Public bonds issued on December 2, 2014, discussed below collectively as the "2014 Bonds."
(2) 
Private placement unsecured senior notes with registration rights as of June 28, 2014 and public bonds as of October 1, 2014, discussed below collectively as the "2013 Bonds."
(3) 
Debt assumed from Omega.
*
Debt denominated in euros subject to fluctuations in the euro to U.S. dollar exchange rate.

Schedule of Extinguishment of Debt
As a result of the debt retirements, we recorded a loss of $165.8 million during fiscal year 2014 as follows (in millions):
Make-whole payments
 
$
133.5

Write-off of financing fees on Bridge Credit Agreements
 
19.0

Write-off of deferred financing fees
 
10.5

Write-off of unamortized discount
 
2.8

Total loss on extinguishment of debt
 
$
165.8

Schedule of Maturities of Short-term and Long-term Debt
The annual future maturities of our short-term and long-term debt, including capitalized leases, are as follows (in millions): 
Payment Due
 
Amount
< 1 year
 
$
65.0

1-2 years
 
758.5

2-3 years
 
399.1

3-4 years
 
811.3

4-5 years
 
279.5

> 5 years
 
2,950.8