The Company seeks to reduce earnings and cash flow volatility associated with changes in interest rates and foreign currency exchange rates by entering financial arrangements, from time to time, which are intended to provide an economic hedge against all, or a portion of, the risks associated with such volatility. The Company continues to have exposure to such risks to the extent they are not economically hedged. The following table sets forth the scheduled maturities of the Company’s debt outstanding at June 27, 2026 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fiscal Year ​ ​ ​ ​ 2027 ​ ​ ​ 2028 ​ ​ ​ 2029 ​ ​ ​ 2030 ​ ​ ​ 2031 ​ ​ ​ Thereafter ​ ​ ​ Total Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed rate debt(1) ​ $ 2.8 ​ $ 503.0 ​ $ 3.0 ​ $ 2.9 ​ $ 953.0 ​ $ 306.7 ​ $ 1,771.4 ​ Floating rate debt ​ $ 731.1 ​ $ 89.8 ​ $ 84.1 ​ $ 557.0 ​ $ — ​ $ — ​ $ 1,462.0 ​ (1) Excludes unamortized discounts and issuance costs. 32 Table of Contents The following table sets forth the carrying value and fair value of the Company’s debt and the average interest rates at June 27, 2026, and June 28, 2025 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Value ​ ​ ​ Fair Value at ​ Carrying Value ​ ​ ​ Fair Value at ​ ​ at June 27, 2026 ​ at June 27, 2026 ​ ​ ​ ​ at June 28, 2025 ​ June 28, 2025 Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fixed rate debt(1) ​ $ 1,771.4 ​ ​ $ 2,015.0 ​ $ 1,674.9 ​ ​ $ 1,660.5 ​ Average interest rate ​ 3.9 % ​ ​ ​ ​ 5.0 % ​ ​ ​ ​ Floating rate debt ​ $ 1,462.0 ​ ​ $ 1,462.0 ​ $ 995.9 ​ ​ $ 995.9 ​ Average interest rate ​ 4.6 % ​ ​ ​ ​ 5.3 % ​ ​ ​ ​ (1) Excludes unamortized discounts and issuance costs. Fair value was estimated primarily based upon quoted market prices for the Company’s public long-term notes. Many of the Company’s subsidiaries purchase and sell products in currencies other than their functional currencies, which subjects the Company to the risks associated with fluctuations in currency exchange rates. The Company uses economic hedges to reduce this risk utilizing natural hedging (i.e., offsetting receivables and payables in the same foreign currency) and creating offsetting positions through the use of derivative financial instruments (primarily forward foreign currency exchange contracts typically with maturities of less than 60 days, but no longer than one year). The Company continues to have exposure to foreign currency risks to the extent they are not economically hedged. The Company adjusts any economic hedges to fair value within the same line item in the consolidated statements of operations as the remeasurement of the underlying assets or liabilities being economically hedged. Therefore, the changes in valuation of the underlying items being economically hedged are offset by the changes in fair value of the forward foreign exchange contracts. A hypothetical 10% change in foreign currency exchange rates under the forward foreign currency exchange contracts outstanding at June 27, 2026, would result in an increase or decrease of approximately $20.0 million to the fair value of the forward foreign exchange contracts, which would generally be offset by an opposite effect on the underlying exposure being economically hedged. See Note 2, “Derivative financial instruments” to the Company’s consolidated financial statements included in Item 8 of this Annual Report on Form 10-K for further discussion on derivative financial instruments. ​ 33 Table of Contents