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Debt (Tables)
12 Months Ended
Jul. 01, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Amount of Debt
As of July 1, 2023 and July 2, 2022, the Company’s debt on the Consolidated Balance Sheets was as follows, including the carrying amounts of the Senior Convertible and Senior Notes, net of unamortized issuance costs (in millions):
July 1, 2023July 2, 2022
Principal amount of 1.00% Senior Convertible Notes
$96.4 $— 
Unamortized 1.00% Senior Convertible Notes debt issuance cost
(0.2)— 
Principal amount of 1.75% Senior Convertible Notes
— 68.1 
Unamortized 1.75% Senior Convertible Notes debt issuance cost
— (0.1)
Other short-term debt— 0.4 
Short-term debt$96.2 $68.4 
Principal amount of 3.75% Senior Notes
$400.0 $400.0 
Unamortized 3.75% Senior Notes debt issuance cost
(5.5)(6.4)
Principal amount of 1.625% Senior Convertible Notes
250.0 — 
Unamortized 1.625% Senior Convertible Notes debt discount
(12.9)— 
Unamortized 1.625% Senior Convertible Notes debt issuance cost
(2.1)— 
Principal amount of 1.00% Senior Convertible Notes
— 223.9 
Unamortized 1.00% Senior Convertible Notes debt issuance cost
— (1.0)
Long-term debt$629.5 $616.5 
Schedule of Convertible Note Interest
The following table presents the interest expense for contractual interest and amortization of debt issuance costs (in millions):
Years Ended
July 1, 2023July 2, 2022July 3, 2021
Interest expense-contractual interest$19.2 $16.5 $8.5 
Amortization of debt issuance cost2.5 2.8 2.3 
Accretion of debt discount1.6 — — 
Other3.8 4.0 3.9 
  Total Interest Expense$27.1 $23.3 $14.7