Long-term Debt (Tables)

6 Months Ended

Dec. 26, 2021

Debt Disclosure [Abstract]

Schedule of Liability and Equity Components of Long-term Debt

The net carrying amount of the liability component of the Notes is as follows:

(in millions of U.S. Dollars)	December 26, 2021	June 27, 2021
Principal	$575.0	$999.8
Unamortized discount and issuance costs	(121.1)	(175.9)
Net carrying amount	$453.9	$823.9

The net carrying amount of the equity component of the Notes is as follows:

(in millions of U.S. Dollars)	December 26, 2021	June 27, 2021
Discount related to value of conversion option	$149.0	$262.3
Partial extinguishment of 2023 Notes	—	(27.7)
Debt issuance costs	(3.6)	(6.3)
Net carrying amount	$145.4	$228.3

Schedule of Interest Expense

The interest expense, net recognized related to the Notes is as follows:

	Three months ended		Six months ended
(in millions of U.S. Dollars)	December 26, 2021	December 27, 2020	December 26, 2021	December 27, 2020
Interest expense, net of capitalized interest	$0.8	$2.8	$1.9	$6.0
Amortization of discount and issuance costs, net of capitalized interest	3.9	8.7	9.0	18.1
Total interest expense, net	$4.7	$11.5	$10.9	$24.1