v2.4.0.8
Long Term Debt (Tables)
 12 Months Ended
Jun. 30, 2013
Schedule of Carrying Value of Convertible Notes and Other Long-Term Debt

The following table reflects the carrying value of the Company’s convertible notes and other long-term debt as of June 30, 2013 and June 24, 2012:

 

     June 30,     June 24,  
     2013     2012  
     (in millions)  

0.50% Notes due 2016

    $ 450.0      $ 450.0   

Less: Unamortized interest discount

      (45.7 )      (60.3 ) 
  

 

 

    

 

 

  

Net carrying amount of 0.50% Notes due 2016

      404.3        389.7   
  

 

 

    

 

 

  

1.25% Notes due 2018

      450.0        450.0   

Less: Unamortized interest discount

      (76.9 )      (90.4 ) 
  

 

 

    

 

 

  

Net carrying amount of 1.25% Notes due 2018

      373.1        359.6   
  

 

 

    

 

 

  

2.625% Notes due 2041

      699.9        699.9   

Less: Unamortized interest discount

      (186.9 )      (190.3 ) 
  

 

 

    

 

 

  

Net carrying amount of 2.625% Notes due 2041

      513.0        509.6   
  

 

 

    

 

 

  

Total debt

      1,290.4        1,258.9   

Less: current portion of debt

      (513.0 )      (509.6 ) 
  

 

 

    

 

 

  

Long-term debt

    $ 777.4      $ 749.3   
  

 

 

    

 

 

  
Schedule of Recognized Interest Cost Relating to Both Contractual Interest Coupon and Amortization of Discount on Liability Component of Notes

The following table presents the amount of interest cost recognized relating to both the contractual interest coupon and amortization of the discount on the liability component of the Notes during the years ended June 30, 2013, June 24, 2012, and June 26, 2011.

 

     June 30,      June 24,      June 26,  
     2013      2012      2011  
     (in millions)  

Contractual interest coupon

    $ 26.2       $ 9.2       $ 1.1   

Amortization of interest discount

      31.6         27.0         3.6   

Amortization of issuance costs

      2.4         2.4         0.3   
  

 

 

     

 

 

     

 

 

  

Total interest cost recognized

    $ 60.2       $ 38.6       $ 5.0   
  

 

 

     

 

 

     

 

 

  
Schedule of Contractual Cash Obligations Relating to Convertible Notes and Other Long-Term Debt

The Company’s contractual cash obligations relating to its convertible notes and other long-term debt as of June 30, 2013 were as follows:

 

     Long-term  
     Debt  
     (in thousands)  

Payments due by period:

   

One year*

    $ 699,935   

Two years

      —     

Three years

      450,000   

Four years

      —     

Five years

      450,000   

Over five years

      —     
  

 

 

  

Total

      1,599,935   

Current portion of long-term debt

      699,935   
  

 

 

  

Long-term debt

    $ 900,000   
  

 

 

  

 

* As noted above, the conversion period for the 2041 Notes opened as of June 30, 2013. As there is the potential for conversion at the option of the holder, the principal balance of the 2041 notes has been included in the one year payment period. As of August 27, 2013, none of the 2041 notes had been converted during the conversion period beginning June 30, 2013.