Long-term Debt - Narrative (Details)
$ / shares in Units, shares in Millions |
|
|
|
|
|
|
|
|
|
1 Months Ended |
3 Months Ended |
12 Months Ended |
|
|
|
|
Jun. 26, 2024
USD ($)
|
Feb. 27, 2024
USD ($)
|
Jun. 23, 2023
USD ($)
|
Nov. 21, 2022
USD ($)
day
$ / shares
|
Feb. 03, 2022
USD ($)
day
$ / shares
|
Dec. 23, 2021 |
Dec. 08, 2021 |
Apr. 21, 2020
USD ($)
day
$ / shares
|
Aug. 24, 2018
USD ($)
shares
|
Jul. 31, 2023
USD ($)
|
Sep. 24, 2023
USD ($)
|
Jun. 30, 2024
USD ($)
day
|
Jun. 25, 2023
USD ($)
|
Jun. 26, 2022
USD ($)
|
Nov. 16, 2022
$ / shares
|
Jun. 27, 2022 |
Jan. 31, 2022
$ / shares
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash paid for capped call transactions |
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
$ 273,900,000
|
$ 108,200,000
|
|
|
|
| Cap price (in USD per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 202.538
|
|
$ 212.04
|
| Cap price premium (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
130.00%
|
|
125.00%
|
| 2030 Senior notes, interest term, period one |
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supply agreement, term |
|
|
|
|
|
|
|
|
|
10 years
|
|
|
|
|
|
|
|
| Convertible Notes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price trigger (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
130.00%
|
|
|
|
|
|
| Threshold trading days | day |
|
|
|
|
|
|
|
|
|
|
|
20
|
|
|
|
|
|
| Threshold consecutive trading days | day |
|
|
|
|
|
|
|
|
|
|
|
30
|
|
|
|
|
|
| Unamortized discount and issuance costs |
|
|
|
|
|
|
|
|
|
|
|
$ 40,100,000
|
49,400,000
|
|
|
|
|
| Interest expense capitalized |
|
|
|
|
|
|
|
|
|
|
|
28,300,000
|
800,000
|
9,900,000
|
|
|
|
| Discount and issuance costs capitalized |
|
|
|
|
|
|
|
|
|
|
|
3,600,000
|
200,000
|
$ 23,200,000
|
|
|
|
| Convertible Notes | Level 2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, fair value |
|
|
|
|
|
|
|
|
|
|
|
1,900,000,000
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due September 1, 2023, Excluding Over-Allotment Option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
$ 500,000,000.0
|
|
|
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
|
|
|
|
|
|
0.875%
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
|
|
|
|
|
|
|
$ 562,100,000
|
|
|
|
|
|
|
|
|
| Repurchase of aggregate principal amount of debt instrument |
|
|
|
|
|
|
|
|
$ 150,200,000
|
|
|
|
|
|
|
|
|
| Conversion ratio (as a percent) |
|
|
|
|
|
0.0166745
|
1.00272222
|
|
0.0167769
|
|
|
|
|
|
|
|
|
| Conversion rate (in shares) | shares |
|
|
|
|
|
|
|
|
7.1
|
|
|
|
|
|
|
|
|
| Converted amount |
|
|
|
|
|
|
|
|
$ 788,000,000
|
|
|
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due September 1, 2023, Over-Allotment Option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
|
75,000,000.0
|
|
|
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due May 1, 2026, Excluding Over-Allotment Option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
|
|
|
|
|
1.75%
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
|
|
|
|
|
|
$ 561,400,000
|
|
|
|
|
|
|
|
|
|
| Conversion ratio (as a percent) |
|
|
|
|
|
|
|
0.0211346
|
|
|
|
|
|
|
|
|
|
| Conversion price (USD per share) | $ / shares |
|
|
|
|
|
|
|
$ 47.32
|
|
|
|
|
|
|
|
|
|
| Scheduled trading days | day |
|
|
|
|
|
|
|
40
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price trigger (as a percent) |
|
|
|
|
|
|
|
130.00%
|
|
|
|
|
|
|
|
|
|
| Threshold trading days | day |
|
|
|
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
| Threshold consecutive trading days | day |
|
|
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
| Period of reported sale price of common stock |
|
|
|
|
|
|
|
5 days
|
|
|
|
|
|
|
|
|
|
| Period of consecutive reported sale price of common stock (in days) |
|
|
|
|
|
|
|
10 days
|
|
|
|
|
|
|
|
|
|
| Percentage of product of last reported price (as a percent) |
|
|
|
|
|
|
|
98.00%
|
|
|
|
|
|
|
|
|
|
| Carrying amount of equity component of convertible debt |
|
|
|
|
|
|
|
|
145,400,000
|
|
|
|
|
|
|
|
|
| Effective interest rate (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.20%
|
|
| Convertible Notes | Convertible Notes Due May 1, 2026, Over-Allotment Option |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
|
|
|
$ 75,000,000
|
|
|
|
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due 2028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
$ 650,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
|
|
0.25%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
|
|
|
$ 732,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion ratio (as a percent) |
|
|
|
|
0.0078602
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion price (USD per share) | $ / shares |
|
|
|
|
$ 127.22
|
|
|
|
|
|
|
|
|
|
|
|
|
| Scheduled trading days | day |
|
|
|
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price trigger (as a percent) |
|
|
|
|
130.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold trading days | day |
|
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold consecutive trading days | day |
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period of reported sale price of common stock |
|
|
|
|
5 days
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period of consecutive reported sale price of common stock (in days) |
|
|
|
|
10 days
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of product of last reported price (as a percent) |
|
|
|
|
98.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash paid for capped call transactions |
|
|
|
|
$ 108,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Carrying amount of equity component of convertible debt |
|
|
|
|
|
|
|
|
$ 187,600,000
|
|
|
|
|
|
|
|
|
| Effective interest rate (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.60%
|
|
| Convertible Notes | Convertible Notes Due 2028 | Underwriters |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
|
$ 100,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes | Convertible Notes Due 2029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
$ 1,525,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
|
1.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
|
|
$ 1,718,600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion ratio (as a percent) |
|
|
|
0.0084118
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion price (USD per share) | $ / shares |
|
|
|
$ 118.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Scheduled trading days | day |
|
|
|
40
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold percentage of stock price trigger (as a percent) |
|
|
|
130.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold trading days | day |
|
|
|
20
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Threshold consecutive trading days | day |
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of product of last reported price (as a percent) |
|
|
|
98.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cash paid for capped call transactions |
|
|
|
$ 273,900,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of days of reported sale price of common stock | day |
|
|
|
5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of consecutive reported sale price of common stock | day |
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Effective interest rate (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.10%
|
|
| Convertible Notes | Convertible Notes Due 2029 | Underwriters |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
|
$ 225,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, face amount |
|
|
$ 1,250,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
|
1,149,300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Effective interest rate (as a percent) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12.40%
|
|
| Unamortized discount and issuance costs |
|
|
$ 50,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, interest term, period one |
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, matures after september 2029 |
|
|
$ 175,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, additional issuance available, maximum |
|
|
$ 750,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, cash repurchase offer requirement |
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, asset sales and casualty events, minimum amount |
|
|
$ 25,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes amount purchased requirement, percentage |
|
|
0.0300
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, optional redemption price maximum of debt |
|
|
0.35
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, redemption price prior to third year, percentage |
|
|
1.09875
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, unrestricted cash and cash equivalents minimum requirement |
|
|
$ 500,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, material fabrication utilization requirement |
|
|
0.30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, revenue generated minimum requirement |
|
|
$ 240,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, liquid covenant requirement reduction term |
|
|
6 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, liquidity covenant requirement |
|
|
$ 325,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, material fabrication utilization achievement two |
|
|
0.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, revenue generated minimum requirement, achievement two |
|
|
$ 450,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2030 Senior notes, liquidity covenant minimum requirement |
|
|
$ 0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Debt Instrument, Redemption, Period One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
109.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Debt Instrument, Redemption, Period Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
109.40625%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Debt Instrument, Redemption, Period Three |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
104.9375%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Debt Instrument, Redemption, Period Four |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Redemption price percentage (as a percent) |
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Interest Period One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
9.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Interest Period Two |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
10.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Senior Notes Due 2030 | Interest Period Three |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Stated interest rate (as a percent) |
|
|
11.875%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Senior Notes | Customer Refundable Deposit Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unamortized discount and issuance costs |
|
|
|
|
|
|
|
|
|
|
|
123,800,000
|
$ 100,500,000
|
|
|
|
|
| Unsecured Debt | Customer Refundable Deposit Agreement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
|
|
|
|
|
|
|
|
|
$ 1,000,000,000
|
|
|
|
|
|
|
| Effective interest rate (as a percent) |
|
|
|
|
|
|
|
|
|
6.30%
|
|
|
|
|
|
|
|
| Maximum borrowing capacity |
|
|
|
|
|
|
|
|
|
$ 2,000,000,000
|
|
|
|
|
|
|
|
| Remaining borrowing capacity |
|
|
|
|
|
|
|
|
|
$ 1,000,000,000
|
|
|
|
|
|
|
|
| Repayment of prepaid deposits, percentage |
|
|
|
|
|
|
|
|
|
1.06
|
|
|
|
|
|
|
|
| Unsecured Debt | Customer Refundable Deposit Agreement | Variable Rate Component One |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate of debt instrument (as a percent) |
|
|
|
|
|
|
|
|
|
6.00%
|
|
|
|
|
|
|
|
| Unsecured Debt | Customer Refundable Deposit Agreement | Variable Rate Component Two | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate of debt instrument (as a percent) |
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
| Unsecured Debt | Customer Refundable Deposit Agreement | Variable Rate Component Two | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread on variable rate of debt instrument (as a percent) |
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
| Unsecured Debt | Customer Refundable Deposit Agreement, Second Draw |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
|
$ 500,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unsecured Debt | Customer Refundable Deposit Agreement, Third Draw |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments of debt issuance costs |
$ 500,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Due 2030 | Level 3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, fair value |
|
|
|
|
|
|
|
|
|
|
|
1,200,000,000
|
|
|
|
|
|
| Convertible Notes Due 2033 | Customer Refundable Deposit Agreement | Level 3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt instrument, fair value |
|
|
|
|
|
|
|
|
|
|
|
$ 1,100,000,000
|
|
|
|
|
|