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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jul. 03, 2015
Jun. 27, 2014
Jun. 28, 2013
Operating Activities      
Net income $ 334.0 $ 534.0 $ 109.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 244.0 204.0 221.0
Share-based compensation 37.0 35.0 33.0
Non-current deferred income taxes 39.0 32.0 (50.0)
Gain on sale of securities available-for-sale 0.0 0.0 (9.0)
Gain on sale of business (9.0) 0.0 0.0
Loss on sale of discontinued operations 0.0 5.0 32.0
Impairment of assets of discontinued operations 0.0 0.0 331.0
Impairment of assets 46.0 0.0 48.0
Write-off of capitalized software 0.0 0.0 18.0
Loss on prepayment of long-term debt 118.0 0.0 33.0
(Increase) decrease in:      
Accounts and notes receivable (17.0) 116.0 78.0
Inventories 20.0 50.0 (54.0)
Increase (decrease) in:      
Accounts payable and accrued expenses 31.0 (50.0) (46.0)
Advance payments and unearned income (48.0) (42.0) 82.0
Income taxes 6.0 17.0 (3.0)
Other 53.0 (52.0) 10.0
Net cash provided by operating activities 854.0 849.0 833.0
Investing Activities      
Net cash paid for acquired businesses (3,186.0) 0.0 0.0
Cash paid for intangible assets 0.0 (3.0) 0.0
Cash paid for cost-method investment 0.0 0.0 (1.0)
Additions of property, plant and equipment (148.0) (209.0) (165.0)
Additions of capitalized software 0.0 0.0 (13.0)
Proceeds from sale of property, plant and equipment 0.0 8.0 0.0
Proceeds from sale of business 43.0 0.0 0.0
Proceeds from sale of discontinued operations 7.0 42.0 147.0
Proceeds from sale of securities available-for-sale 0.0 0.0 12.0
Net cash used in investing activities (3,284.0) (162.0) (20.0)
Financing Activities      
Proceeds from borrowings, net of issuance costs 3,683.0 34.0 18.0
Repayments of borrowings (954.0) (134.0) (364.0)
Payment of contingent consideration 0.0 0.0 (12.0)
Proceeds from exercises of employee stock options 47.0 141.0 98.0
Repurchases of common stock (166.0) (309.0) (415.0)
Cash dividends (198.0) (180.0) (165.0)
Other financing activities (39.0)    
Net cash used in financing activities 2,373.0 (448.0) (840.0)
Effect of exchange rate changes on cash and cash equivalents (23.0) 1.0 (8.0)
Net increase (decrease) in cash and cash equivalents (80.0) 240.0 (35.0)
Cash and cash equivalents, beginning of year 561.0 321.0 356.0
Cash and cash equivalents, end of year $ 481.0 $ 561.0 $ 321.0