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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 26, 2020
Jun. 27, 2020
Current assets:    
Cash $ 416.7 $ 420.7
Accounts receivable, less allowances of $76.2 and $86.7 1,208.3 1,258.6
Inventories, net 1,477.7 1,549.4
Income taxes receivable 29.1 156.5
Prepaid expenses and other current assets 89.4 68.7
Total current assets 3,221.2 3,453.9
Goodwill 1,354.3 1,353.0
Other intangible assets, net 864.4 918.6
Property, plant and equipment, net 1,544.3 1,479.0
Operating lease right-of-use assets 431.3 441.2
Restricted cash 11.1 11.1
Other assets 67.1 62.9
Total assets 7,493.7 7,719.7
Current liabilities:    
Outstanding checks in excess of deposits 306.3 110.4
Trade accounts payable 1,025.2 1,608.0
Accrued expenses and other current liabilities 478.1 678.0
Long-term debt - current installments 109.0 107.6
Finance lease obligations—current installments 40.2 30.3
Operating lease obligations—current installments 80.7 84.4
Total current liabilities 2,039.5 2,618.7
Long-term debt 2,507.8 2,249.3
Deferred income tax liability, net 111.8 115.6
Finance lease obligations, excluding current installments 238.8 185.7
Operating lease obligations, excluding current installments 362.3 362.4
Other long-term liabilities 186.6 177.4
Total liabilities 5,446.8 5,709.1
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 132.0 million shares issued and outstanding as of December 26, 2020; 1.0 billion shares authorized, 131.3 million shares issued and outstanding as of June 27, 2020 1.3 1.3
Additional paid-in capital 1,721.1 1,703.0
Accumulated other comprehensive loss, net of tax benefit of $3.2 and $3.6 (9.0) (10.3)
Retained earnings 333.5 316.6
Total shareholders’ equity 2,046.9 2,010.6
Total liabilities and shareholders’ equity $ 7,493.7 $ 7,719.7