Quarterly report pursuant to Section 13 or 15(d)

Debt and Secured Revolving Facility (Tables)

v3.20.2
Debt and Secured Revolving Facility (Tables)
6 Months Ended
Jun. 27, 2020
Debt Disclosure [Abstract]  
Schedule of Debt
The Company’s total debt as of June 27, 2020 and December 28, 2019 consisted of the following:

June 27,
2020
December 28,
2019
(In millions)
2.125% Convertible Senior Notes Due 2026 (2.125% Notes)
$ 251    $ 251   
7.50% Senior Notes Due 2022 (7.50% Notes)
312    312   
Borrowing under Secured Revolving Facility 200    —   
Total debt (principal amount) 763    563   
Unamortized debt discount for 2.125% Notes
(69)   (73)  
Unamortized debt issuance costs for 2.125% Notes
(3)   (3)  
Unamortized debt issuance costs for 7.50% Notes
(1)   (1)  
Total debt (net) 690    486   
Less: short term debt (200)   —   
Total long-term debt (net) $ 490    $ 486