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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2021
Jul. 03, 2021
Current assets:    
Cash $ 35.1 $ 11.1
Accounts receivable, less allowances of $48.8 and $42.6 2,164.9 1,580.0
Inventories, net 2,864.0 1,839.4
Income taxes receivable 73.1 49.6
Prepaid expenses and other current assets 211.7 100.3
Total current assets 5,348.8 3,580.4
Goodwill 2,220.5 1,354.7
Other intangible assets, net 1,280.1 796.4
Property, plant and equipment, net 1,978.5 1,589.6
Operating lease right-of-use assets 650.8 438.7
Restricted cash 7.1 11.1
Other assets 95.9 74.8
Total assets 11,581.7 7,845.7
Current liabilities:    
Trade accounts payable and outstanding checks in excess of deposits 2,374.1 1,776.5
Accrued expenses and other current liabilities 709.9 625.0
Finance lease obligations—current installments 71.5 48.7
Operating lease obligations—current installments 105.8 77.0
Total current liabilities 3,261.3 2,527.2
Long-term debt 3,669.7 2,240.5
Deferred income tax liability, net 376.1 140.4
Finance lease obligations, excluding current installments 355.0 255.0
Operating lease obligations, excluding current installments 560.5 378.0
Other long-term liabilities 235.6 198.5
Total liabilities 8,458.2 5,739.6
Commitments and contingencies (Note 10)
Shareholders’ equity:    
Common Stock: $0.01 par value per share, 1.0 billion shares authorized, 152.8 million shares issued and outstanding as of October 2, 2021; 132.5 million shares issued and outstanding as of July 3, 2021 1.5 1.3
Additional paid-in capital 2,764.6 1,752.8
Accumulated other comprehensive loss, net of tax benefit of $1.6 and $1.9 (4.6) (5.3)
Retained earnings 362.0 357.3
Total shareholders’ equity 3,123.5 2,106.1
Total liabilities and shareholders’ equity $ 11,581.7 $ 7,845.7